{"id":15924,"date":"2025-09-18T05:16:20","date_gmt":"2025-09-18T05:16:20","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?page_id=15924"},"modified":"2025-09-18T05:16:20","modified_gmt":"2025-09-18T05:16:20","slug":"are-you-a-self-made-saver-why-high-earners-lose-out-by-avoiding-investments","status":"publish","type":"page","link":"https:\/\/lotayamedia.xyz\/?page_id=15924","title":{"rendered":"Are You a &#8216;Self-Made&#8217; Saver? Why High Earners Lose Out by Avoiding Investments"},"content":{"rendered":"<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/18%209\/s.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/5.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/IMG_20240623_122812_510-8.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><br \/>\nThe Cautious High Earners: Why &#8216;Self-Made&#8217; Savers Miss Investment Opportunities<br \/>\nIan Anker, 56, is a classic example of a &#8220;self-made&#8221; saver\u2014someone who worked their way up from a modest background but remains hesitant to invest. Despite earning \u00a354,000 a year as a management consultant, Anker only began investing in 2024, just ten years before retirement.<\/p>\n<p>His story reflects a broader trend: high earners from working-class backgrounds are far less likely to invest than those raised in wealthier households.<\/p>\n<p>Key Findings: The \u00a340.7 Billion Cash Savings Gap<br \/>\n1 million UK high earners come from modest upbringings (&#8220;self-mades&#8221;).<\/p>\n<p>They hold \u00a340.7 billion in cash savings (average \u00a340,000 per person).<\/p>\n<p>28% don\u2019t invest at all, compared to 15% of other high earners.<\/p>\n<p>Those who invest contribute 11% of income, vs. 17% among peers.<\/p>\n<p>(Source: Santander UK &#038; Centre for Economics and Business Research)<\/p>\n<p>Why Do \u2018Self-Made\u2019 High Earners Avoid Investing?<br \/>\n1. Lack of Early Financial Education<br \/>\nOnly 52% of self-mades discussed money at home (vs. 74% of other high earners).<\/p>\n<p>Just 45% consider themselves financially literate, despite 13% owning businesses.<\/p>\n<p>Ian Anker\u2019s Experience:<\/p>\n<p>&#8220;We didn\u2019t have lots of money, but we weren\u2019t wanting. I was encouraged to save\u2014not invest. I\u2019ve always lived within my means, saving for emergencies and holidays instead of using credit.&#8221;<\/p>\n<p>2. Fear of Risk &#038; Uncertainty<br \/>\n22% say they &#8220;don\u2019t know where to start&#8221; with investing.<\/p>\n<p>Many prefer cash savings (even with low interest) over stocks, funds, or property.<\/p>\n<p>3. Different Career Paths<br \/>\nSelf-mades are twice as likely to skip university for apprenticeships or work.<\/p>\n<p>Common industries: construction, skilled trades, IT (like Anker\u2019s career path).<\/p>\n<p>The Cost of Not Investing: How Much Are They Losing?<br \/>\nStrategy\t\u00a340,000 Over 10 Years (5% Return)<br \/>\nCash Savings (1% interest)\t~\u00a344,200<br \/>\nInvested (5% avg. return)\t~\u00a365,200<br \/>\nPotential Lost Growth\t\u00a321,000+<br \/>\nExample assumes moderate investment returns\u2014actual results may vary.<\/p>\n<p>How Can \u2018Self-Made\u2019 Savers Start Investing?<br \/>\n1. Break the Mental Barrier<br \/>\nStart small (\u00a350-\u00a3100\/month in low-risk funds).<\/p>\n<p>Use robo-advisors (e.g., Nutmeg, Moneybox) for automated investing.<\/p>\n<p>2. Educate Yourself<br \/>\nFree resources: YouTube (e.g., PensionCraft), MoneySavingExpert, Investopedia.<\/p>\n<p>Consider financial advice (some banks offer free sessions).<\/p>\n<p>3. Diversify Beyond Cash<br \/>\nStocks &#038; Shares ISA (tax-free growth).<\/p>\n<p>Pension contributions (employer matching = free money).<\/p>\n<p>Property or REITs (for passive income).<\/p>\n<p>Final Thought: It\u2019s Never Too Late to Start<br \/>\nEven ten years from retirement, Ian Anker is taking steps to grow his wealth. For other self-made high earners, overcoming the fear of investing could mean \u00a320,000+ in extra retirement funds.<\/p>\n<p>Are you a self-made saver? What\u2019s holding you back from investing?<br \/>\n<img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/18%209\/s.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/18%209\/s3.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/18%209\/s1.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n<p><img class=\"Sirv\" data-src=\"https:\/\/chartakelay.sirv.com\/Images\/18%209\/s2.jpg\" alt=\"\"><br \/>\n<script src=\"https:\/\/scripts.sirv.com\/sirvjs\/v3\/sirv.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cautious High Earners: Why &#8216;Self-Made&#8217; Savers Miss Investment Opportunities Ian Anker, 56, is a classic example of a &#8220;self-made&#8221; &#8230;<\/p>\n","protected":false},"author":1,"featured_media":15925,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"class_list":["post-15924","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/15924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15924"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/15924\/revisions"}],"predecessor-version":[{"id":15926,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/pages\/15924\/revisions\/15926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/15925"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}