​If you’ve been refused car finance, a loan, credit card or even a mortgage, you may be wondering why. There are many reasons why you may be declined when applying for finance but the most common reason to be declined for finance is a bad credit score. Your credit score is really important, it’s an indicator to you and lenders of how good you are at managing your money and paying back debts. Here are the main causes of a bad credit score.

Warren Buffett is one of the most successful investors of all time. He is known for his impressive record of returns throughout the duration of his investment career. From 1964-2017, his holding company, Berkshire Hathaway achieved average annual returns of 20.9%. Versus 9.9% (including dividends) for the S&P 500. I will provide an example to give a better idea of the returns possible with such an impressive long-term CAGR. $10,000 invested Berkshire in 1964 would have grown to $132,225,446 in 2017!