personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
On the Pursuit of Poverty
I thought the title had a nice ring to it, albeit nonsensical. Do you remember all those times of playing Monopoly, trying to roll the dice so as to miss integral properties, missing the free parking, and the “Go directly to jail: do not pass go; do not collect $200”? Me neither. Who plays Monopoly to lose? I’m not sure if this is relevant, but ‘monopoly’ is an oxymoron: “single-many.” Or is it? “[Only] one has many.”
By Holly Katie5 years ago in Trader
How Good Financial Habits Affect Your Life
we often talk about the right financial habits that will dramatically affect your financial well-being. Why habits, and not some miracle knowledge or investment? The fact is that we take our work in our school very seriously and are not used to scattering empty words and promises.
By Piyush Patel5 years ago in Trader
3 Ways You Can Take Control Of Your Finances
Money is an ever important part of your life. You always need money, but it seems like there’s never enough for the life you want. The problem is often assumed to be a result of a lower salary than people would like, but proper management of your personal finances can help you rise above that mentality. Here’s what you need to know.
By Lewis Robinson5 years ago in Trader
Mastering your finance
During my life my finance and life were out of control because of debts and spending. I have been through a divorce and many jobs during the last 23 years. I have learned not to put all my eggs in one basket like having one job, because if the company makes you redundant you will lose your job, so it is a good idea to have 2 or more streams of income. I always overcome any difficult challenges in my life and finance, I have a strong mindset and a positive attitude. For example, when I have lost a job, I do not get depressed and worried. In fact, I found a new job within a week. It is also vital to manage better my finance, reduce my outgoing and increase my income. I have created an online course entitled “Mastering your finance” which is a 10 videos course which covers different subjects: mindset, goal settings, compound effect, budget, other people money, reduce your utility bills and increase your income. Since I have started to implement my online course, I have already seen a massive improvement of my finance, a reduction of my outgoings and increase of my income. In 2020 I have cleared off already some loans and credit cards without working more hours. I feel I am in control of my finance. One of the reduction of my going is utility bills (e.g gas, electricity, mobile phones, landline, internet, insurance) and I manage to turn these liabilities to an asset, because I can show people how to start earning money from these bills resulting in increasing of your income. The most important part of this course is budgeting better your current income making sure you have more money coming in than coming out from your bank account. Knowing how you spend your money every month can help you to put in place stricter budget eliminating all the purchases which are no necessary and shopping to cheaper supermarket. This is helpful if you have many direct debits making sure you earn enough money to cover all your outgoings. If you owe debts like credit cards or loans, my online course can help you to reduce them with simple strategies to pay them off.
By Paolo Debernardi5 years ago in Trader
Invest Like A Multi-Millionaire
Most people would do just about anything for a million dollars. Sure, a cool million isn’t what it used to be, but it is still a life changing sum of money that, if invested wisely, could reap a significant chunk of passive annual income spanning generations. The problem is, that human beings are impulsive creatures, and in this fast-paced world of cool consumerism, money has become an incredibly difficult thing for people to hold onto. In a culture where 70% of lottery winners end up going broke within 3 years, it’s apparent that many Americans struggle to cultivate a healthy relationship with money. Even if the average American was able to hold onto a significant portion of their salary, and modified their spending habits to consistently save money year after year, simply saving that money in a personal savings account would fall well short of the steps needed to ensure one’s needs were met throughout their retirement. A 2018 study found that 29% of baby boomers aged 65 to 72 were still working. According to a recent Transamerica survey, the median savings balance among baby boomers is a mere $144,000. It goes without saying, that even with an anticipated monthly Social Security payout of $1,300, $144,000 falls well short of providing any semblance of a comfortable retirement, given that the standard rule of thumb for determining a conservative retirement nest egg is to withdraw 4% annually over an estimated 20-year timeframe. I’m too lazy to do the math, but 4% of $144,000 might secure you four sold walls at a self-storage facility in Palm Springs. On a side note, I have seriously considered living in a storage locker for a brief period of time in my mid-twenties. I don’t understand why storage companies will not even consider the idea given this country’s current housing crisis.
By Colin Ortstadt5 years ago in Trader
Basic Trading Charting
There are a couple of different bars and candlestick charts. Since my knowledge is in candlestick charting, I will focus on how candlestick charting helps me in my trades. As some would refer to them as focus on high and low opening and closing prices at a certain point in the chart, candidates or bars would refer to them. If you focus on daily charting than each bar/candlesticks exemplify a specific day of trading activity. Some people like to watch their stocks and set the trading at two minutes; however, some do 15 minutes.
By Nia on Air5 years ago in Trader
How To Afford a Home Mortgage
Taking the first step into the process of home buying to ultimately become a homeowner is a daunting task. It may seem like a foreign process if you've never been through it before and you quickly learn that buying a home is much more entitled than buying a car. There are inspections to be had, prices to be negotiated, and terms to be understood. You'll quickly learn comps aren't complimentary items. You'll be getting nothing free out of this deal. However, by the time a deal is done and you are kicking back in the first home that is truly yours, it will all be worth it. If you would like to own a home but think you can't afford it, you're thinking is all wrong. Here are five reasons why you can afford a home and why this American dream should be realized for you in the very near future.
By Craig Middleton5 years ago in Trader
5 Useful Financial Practices to Put Into Action
Financial health is an incredibly important part of life. How you manage your money and the resources that you build for yourself will have a tremendous impact on your quality of life and your future. The earlier that you pay attention to your finances, the better, but it is never too late to make some changes and work toward implementing some smart strategies to help you build wealth and effectively use the resources that you have available to you.
By Mikkie Mills5 years ago in Trader
7 Key Benefits of Obtaining Personal Loan over a Credit Card!
Both personal loans and credit cards are availed to fulfil money borrowing needs and they almost have the same criteria for approving a loan. The arrangements of both loans involve detailed interest rates, monthly payments, underwriting conditions, amount limits, and many more. But not properly handling either type of credit can generate problems and also leave a bad impact on credit score. Furthermore, both are also featured with some different properties along with numerous pros and cons.
By Charles Yee5 years ago in Trader
