If your closet is crowded because of too many clothes and you’re not wearing most of them, then it’s time to clean out your closet and get a new wardrobe. If you’ve just graduated from college and need clothes to go to work, or you’ve lost weight and your old clothes don’t fit you anymore, or if you just want to look differently to align with your future goals, then a new wardrobe is a good idea.
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
“Why buy vintage and antique items?”, I’ve always been asked this question by people around me. I would like to address that question on this blog.
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 »
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?
Parking your money in a regular savings account is never a good idea. Warren Buffet, one of the world’s most successful investor of our time has this to say about investing in cash:
The one thing I will tell you is the worst investment you can have is cash. Everybody is talking about cash being king and all that sort of thing. Cash is going to become worth less over time… Cash is a bad investment over time.”
An income is the money that you received from work or from your investments. Without income, you will not be able to pay for your living expenses.
There are two types of income: active and passive income.Read More »
We use a lot of electrical devices and appliances in our homes and there are a lot of ways to save on electricity so we don’t get a shock when our bill arrives.Read More »
Compound interest can either be your best friend or your worst enemy. It all depends on how you use it. You can either gain from it or you can loose a lot because of it. Your life can be much better or much worse than you already have. It’s your choice.
When we see pictures of wealthy people on glossy magazines, on TV and when we meet them in real life; we also wish in our hearts that we could be as wealthy as them. We want to ride the same car, buy the same clothes and be able to travel or buy things when we want to. However, we can wish all we want but if we don’t work towards becoming wealthy, we won’t ever get there.