How Could a SIPP Help You to Achieve Financial Freedom 75

How Could a SIPP Help You to Achieve Financial Freedom

The following article is a guest post.

Advancements in digital technology and the emergence of a raft of fintech companies means that there are more ways to invest than ever before and doing so is easy. So, if you are looking to secure financial freedom, exploring what is on offer is paramount.

Here we look at Self-Invested Personal Pensions, otherwise known as SIPPs.

What is s SIPP?

A SIPP is a personal pension scheme, that has been approved by the UK government and that is managed by the individual who sets up the scheme.

Companies who offer the service, such as Bestinvest provide a framework from which the customer can choose where the capital is invested and when to move the capital from one investment to another.

In essence, having a SIPP gives you control over where to invest, whether you want to invest in investment funds, trusts or company shares. The provider will act on your behalf to complete the technical process of the investment.

Where is the Capital Invested? 

When you invest using a SIPP, you have a wide range of options regarding where to invest. For example unit trusts, endowment policies or commercial property.

The range of investment opportunities will vary depending on the provider. However, you will find that almost all providers will list investments with varying exposure to risk. This is important because it allows the user to decide how much risk they want to be exposed to, which will affect the returns they receive.

Generally speaking, investments with more exposure to risk offer the potential for higher returns.

Financial Freedom?

When considering the financial freedom that a SIPP may be able to offer, there are two things to bear in mind.

First, as a SIPP is managed by the customer, they have the freedom to put money in or take it out at will. They can also sculpt a bespoke portfolio, where risk is available to those who wish to speculate. An attractive option for those who, for instance, may be looking to retire early, know about investing and want control over their money.

SIPPs also allow access to investment instruments that have a high potential for large profits. And large profits are a way of acquiring financial freedom, should they be realized.

Used as part of a wider financial plan and entered into with a clear and sensible strategy for investment, SIPPs make for a really interesting alternative to other personal pensions and one where there is no need to hand over control of assets.

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10 Unusual Sleeping Habits of The Rich and Famous 6

Good sleep is a very precious commodity which is treasured and, far too often, quite rare. If you’re rich, famous and successful, this is even more relevant. Here is a quick look at 10 of the most unusual sleeping habits of the rich and famous:

Good sleep is a very precious commodity which is treasured and, far too often, quite rare. If you’re rich, famous and successful, this is even more relevant.

When it comes to getting a good solid night’s sleep, some people will go to extreme lengths to ensure it goes ahead without disturbance or hindrance. But for others, sleep is not high on their list of priorities and can function on as little as a few hours per night.

Here is a quick look at 10 of the most unusual sleeping habits of the rich and famous:

The Sleep Habits of Rich and Successful People

Arianna Huffington

The Greek-American author and founder of The Huffington Post once suffered from exhaustion so severe that she collapsed and awoke in a pool of her own blood.

Eager to not let the incident repeat itself, Arianna Huffington established a strict bedtime routine which she sticks to like clockwork.

Arianna turns off all of her electronics and gadgets, placing them on charge outside of the bedroom. She then takes a hot bath with lavender oil and Epsom salts, before changing into special sleep clothes and reading until dozing off.

Winston Churchill

A British statesman, military officer and war-time Prime Minister, Winston Churchill was a biphasic sleeper and would take a two-hour nap each day at 5 pm, after drinking a whiskey and soda.

It was common for Winston Churchill to work throughout the night.

Because of his irregular sleeping pattern, it is rumored that he would hold meetings of the War Cabinet from his bathtub.

Churchill held his sleeping habits in high-esteem, commenting that they allowed him to get one and a half day’s work done in 24 hours.

Leonardo Da Vinci

Italian painter, sculptor and inventor Leonardo Da Vinci followed a polyphasic sleep process which he aptly named “The Da Vinci Sleep Schedule” which involved sleeping between 20 minutes and 2 hours per session, several times per day.

This unconventional sleep schedule definitely gave him more time during his days. But it could have also made it quite difficult to work on long-term projects which required more concentration.

Shaquille O’Neal

Retired American professional basketball player Shaquille O’Neal suffers from sleep apnea, meaning that his breathing periodically stops for a short period whilst he’s sleeping.

In severe cases, these breathing lapses can last up to ten seconds and occur several times throughout the night…


Lyndon B. Johnson

The former President of the United States was known to split his day into two parts which enabled him to get more work done.

He typically woke up at around 6 am to 7 am and worked until 2 pm, before exercising and taking a quick 30-minute nap, after which he would wake up and work until the early hours of the morning.

Nikola Tesla

Nikola Tesla – the Serbian-American inventor and physicist – followed an ‘Uberman’ sleep cycle which he claimed never allowed him to sleep for more than two hours per day.

As a child, Tesla would suffer from nightmares and perhaps this influenced his desire to sleep less. It is reported that once Tesla worked for more than 84 hours without any rest whatsoever.


The American rapper puts tinfoil on his windows at night to stop any light seeping in. And is said to play white noise on his speakers and through the television, which helps him sleep better when traveling between different time zones.

Salvador Dali

Spanish painter, photographer and sculptor Salvador Dali would sit with a key in one hand placed above a metal plate.

As soon as Dali would fall asleep, the key would slip from his hand and clang against the metal plate, immediately waking him up.

Tell me about surreal sleeping habits!

These are just ten of our favorite unusual sleeping habits of the rich and famous. Throughout history, there have been many documented unusual sleeping habits and you can check out our infographic if you want to learn more.

Names such as Vincent Van Gogh, Charles Dickens, Barack Obama and Isaac Newton all feature here – you might be surprised at what you learn! Now, here’s an infographic by Celebjury with more of the amazing sleeping habits of rich, famous and successful people from all fields: