Week 2 – Arbing Income – £115

Another fantastic week considering my target was a minimum of £200 per month!

Now for the bad news:

As those of you who partake in matched betting will likely have experienced, although it is technically risk free, human error and miscalculation can lead to you losing some of the profit you’ve earned. A case in point was me completely wiping out a whole days profit yesterday by losing £52 in seconds ! 😦

This mistake was entirely my fault having succumb to the decision to wait for the odds to recover on a bet that hadn’t been matched on Smarkets .  As opposed to what a disciplined Arber and I try to do most of the time and immediately cash out on Betfair or lay at the new odds as quickly as possible to minimize losses to a few pound.

I essentially gambled on the hope that I would be able to cash out my £100 stake once the odds ‘hopefully’ recovered, however this didn’t happen of course and I ended up exiting the position by cashing out at 48 quid which was fortunate in some respects as had I let it completely ride I could have been 100 quid down, but had I done what I should have done and minimized my losses I would have saved myself 45 quid !

I know, I shudder every time I think about it, I’m most definitely the type of person who is more pained by a loss than enjoys the thrill of winning,  proven by the hours spent mentally kicking myself for having pissed away a whole days work !

This is perhaps why I never did too many casino offers as despite a thorough understanding of it being advantage gambling and that mathematically I would profit over the long term, I didn’t have the stomach for the volatile nature of several losses in a row before a big win, I can sense anybody reading this thinking wait until you see your index fund halve during a market correction in 10 years time!

I wish I could say this is the only loss I’ve had but it has become almost a small form of taxation every once in awhile when I get too comfortable and take more risk than I should it bites me on the arse by reclaiming some of my profits.

Anyway, £115 is still a fantastic amount which I am grateful for, but I wish that nagging self critical voice inside my head whispering “but it could have been £165..” was silenced haha !

Onwards and Upwards.



Week 1 – Arbing Income – £130

Outside of working a 9-5, only spending on the necessary/what I value, and saving/investing the rest.

I like many others, actively seek to boost my income with the remainder of my ‘spare’ time which led me to discover matched betting last year and then subsequently ‘Arbing’, once my bookmaker accounts started to become heavily restricted.

For those of you not familiar with Arbing the following link provides a better explanation than I could: https://betting.betfair.com/what-is-arbing-arb-betting-explained.html

I have previously kept a vague log of my profits privately but since starting this blog I want to record them weekly on here in a structured manner.

So the total for this week as in the heading, a fantastic (for me!) : £130

I constantly feel so grateful to have found this way to make such a useful amount of money consistently from the comfort of my home with no office politics and nobody to answer to! If only I was comfortable enough to do this every day and not just at the weekends and evenings, but that’s what I’m working towards, being financially independent so I can do what I want to, and not what I have to, whatever that may be in the future !

So long may the profitability of arbing continue!








My Investing Strategy & Experience Thus Far

In early 2015, I had started to save money but knew that the other key component of building wealth is to invest that money for a healthy return which will compound over time.

I cannot recall exactly my thoughts at the time but I know that I quickly understood index investing was the way to go, but I can remember reading Monevator’s Cheapest tracker funds comparison and thinking great but which is the ‘best’ , there must be a ‘best’ .

I did what I usually do when I don’t know something and turned to google, I distinctly remember typing in ’20 year old investor’ presumably in the hopes that there would be some website illuminating exactly which fund would be ‘best’ for me, that didn’t quite happen but it did lead me to this article:http://www.telegraph.co.uk/finance/personalfinance/investing/11185104/The-basic-investing-plan-I-would-hand-to-my-21-year-old-self.html

Once you’ve read the first half of the article as I did two years ago, you’ll quickly gather the choice for me is then narrowed down to Vanguard or Fidelity. How would I make that decision, check past performance? analyse the fees? . Nope nothing as logical as that I decided on Fidelity purely on the top 10 holdings of each fund, when I read Vanguard I couldn’t make sense of it, but when I read the Fidelity Index World Fund I saw Apple, Microsoft, Johnson & Johnson, Exxon.. aah I thought I recognise these companies I’m buying shares in the largest companies in the developed world that makes sense ill go with that !

I’d love to say this was an example of ‘only investing in what you understand’ but  I think it was more human nature of gravitating towards what’s familiar, I suppose the writers of articles on procrastination would say a decision is better than indecision.

It’s served me well so far through a monthly saving plan and the occasional attempt at market timing  I’ve invested £3100 ish and my investments are currently worth £4031.75 after fees .

My shares being worth 30% ish more than I paid for them currently is encouraging thanks mainly to Brexit,  Trump and as I refer to with ‘market timing’ buying £350 quid’s worth while the price had dropped to 109.74p per share which has now bounced back to over 160p per share.

Long term Strategy:

Currently investing the minimum £50 per month mainly due to wanting to rebuild my liquid cash levels as quickly as possible after hopefully purchasing my first property, the fact that the markets are riding high a the moment and there’s articles everywhere suggesting a market correction is inevitable in the next few years means I don’t feel bad about missing out on buying potentially overvalued shares and will have cash on hand when the price drops and can get them on the cheap.

I do understand thought that the main thing that will propel my wealth is consistent saving and time in the market and when I have got my liquid cash levels to a comfortable amount I will begin to increase my monthly investment.


Id be interested to hear how others decided upon their index fund?




First Blog Post – Introduction/ Current Networth

I am a 22 year old Male from the East Midlands who begun saving and investing in 2015 to pursue financial independence.

I have read and kept track of many FIRE blogs over the past two years learning things from all of them, however I have not come across any (I’m sure they’re out there!) featuring somebody of my age, this made me think the community might find it intriguing following somebody who begun the financial independence journey from 20 years of age, being able to analyse whether the combination of compound interest and time due to starting early are as powerful as the numerous articles on the web attest to.

Below is my current networth, I will post an update at least monthly showing how much I have saved and the current value of my investments:

Total = £19,397.00


Bank account 1  – £6,981

Premium Bonds – £3,600.00

Bank account 2  – 4,756.00

Fidelity Index World Fund – £4,060


The heavy cash allocation is in preparation for hopefully purchasing my first property in the next two months after nearly 3 years of renting, and also peace of mind with such a low overall networth.