Do you know of an investment that will surely pay off big in the future? No financial investment is ever guaranteed to bring back huge returns except investing in yourself. Investing in yourself will upgrade your potential and help you to transform your future for the better. The best time to start is now.
While you work to enhance the growth of your career, company or business, you should not forget your personal growth so you can live a well-balanced life. Here are 5 ways that you can start investing in yourself.
It is important to track our spending and know where our money goes to so we know how to adjust our budget. Sticking to a budget takes a lot of discipline and determination but it will help us reach our financial goals faster. With this description, budgeting may sound like a dreary process. With mostly people’s budget going to expenses, is there a more rewarding way to budget our money? Actually, there is!
While most of our income goes to our living expenses, we should also make a budget for fun and play. A fun or play fund is what you use to indulge in things that you enjoy or purchases that you do on impulse without ruining your budget for the important things. There are important reasons why we should include this in our monthly budget.
The concept of sharing our blessings is a teaching that we often hear as children. Sadly, we do not practice this very much as we grow older and we don’t often encounter such generosity from other people either. This is mostly due to financial reasons but also due to having a poverty mindset.
In fact, generosity in the form of a “tithe” or a giving fund should be a habit and should be part of our monthly budget. Here are some reasons why we should develop and maintain the practice of tithing.
How are you doing with your finances? Do you consider yourself financially stable? If you do, then good for you. If not, you are not alone. Most people are having problems with money because only a few are financially literate. Most of us have to learn financial lessons the hard way. Just imagine all the things that you could have done differently if only you know a thing or two on personal finance.
Did you know that the number one cause of stress is money? According to several studies, more people worry about money compared to health, family, work or relationships. This is true regardless of age, citizenship, gender or educational attainment. Although financial stress is expected among low income families, it is puzzling to note that even high income households and highly-skilled professionals still do worry about money. A diploma on a prestigious university is never a guarantee of wealth.
You cannot stop inflation from happening. Prices of goods and services will go up. It is all part of the economic cycle. For as long as you are a consumer, you need to start caring about inflation because it will affect you whether you like it or not. No one is exempted from the pain of having to go through the rising prices of goods and services, wherever you are in the world. The good news is that there are some things that you can do to protect yourself from inflation
All of us who are stuck in the rat race know the daily stress of work and the anxieties we have for our future even as we worry about the present issues that our families are struggling with. The chart of expenses below compares the expenses of the regular employee to their house helpers. The comparison may seem funny but the situation also tugs at reality in a major way.
Putting your money on a low interest savings account is not such a good idea especially if you have big financial goals such as buying a house, sending your kids to college or saving for retirement. The only way to get more money is to make your money work for you by investing it. Investments will generate more money for you in the future through interests and price appreciation. In other words, you invest to create wealth.Read More »
Money has always been a top source of stress for most people. If not addressed, debt and worrying about money can lead to serious physical, emotional and even relationship problems.
How to solve money problems then? There are tons of financial advice that people probably already heard or read about. In fact, most of these advices are simply common sense yet one the greatest mysteries about life is that no one really follows them. It looks so easy to do but for most people, it is very difficult to follow.Read More »
People who have a 9-5 job are familiar with the highs and lows of the financial tide on a monthly basis. First, you start off feeling rather ‘rich’ after getting your salary. Then as you use it up, you start feeling poorer and poorer, your wallet getting emptier as the days go by until it gets filled up again when you receive your salary.Read More »
You have been working very hard all your life. Yet, you found yourself in the same financial situation over and over again. Your income is barely enough to cover your basic needs. You are trapped in the rat race. You often wonder, what is it that you have been doing wrong? How come there are some people who are getting richer and richer by the day while you who had been working very hard is getting nowhere?