It was recently reported that the average Londoner has to wait until 1pm on a Thursday to pay off their essential bills. EA Worldwide Acquisitions investigates how much of an impact the cost of living is having on London’s hard-working professionals.
Londoner’s today are facing increasing financial restrictions over professionals in other cities. In a recent report from Portico London estate agents, Londoners are paying out a staggering 70% of their average income on rent and essential bills (including taxes, housing costs and household bills). In addition, the report identified that the average Londoner has to wait until 1pm on a Thursday to have paid this off; what is left is an average of £201 in disposable income that is still needed to cover food, transport, incidentals and savings. If this was to be broken down day-by-day, Monday would be the day to work to pay income tax and National Insurance contributions.
With these tight financial restrictions, EA Worldwide Acquisitions promotes the benefits of being an entrepreneur. Financially driven individuals can reap many monetary benefits including choosing their own hours, having the opportunity to charge their own rates and lower tax levels after expenses are paid. When working self-employed, individuals are able to proactively seek out business to increase revenue, which will then go directly back to the individual, rather than a company or employer taking their cut.
In 2016, the cost of living in London has such a major impact on how people live and work; because of this, EA Worldwide Acquisitions promote that being an entrepreneur (and following a passion) is a financially wise choice. Many entrepreneurs have paid off their rent and essential bills by Monday afternoon – leaving the rest of the week to generate an increased disposable income for themselves and their family.
EA Worldwide Acquisitions is London’s leading outsourced sales and marketing company. Specialising in promoting and selling their clients’ products and services through a unique marketing approach, the firm are also committed to increasing their clients’ brand awareness on a face-to-face basis. The firm guide and develop their sales contractors to gain the necessary skills and experience to pursue entrepreneurship and start their own businesses within the sales and marketing industry. EA Worldwide Acquisitions believes that becoming an entrepreneur can be more fulfilling than working for someone else and go on to state that there are more opportunities when working on a self-employed basis that are even greater than earning more than the average person.
