A credit card is a very handy tool. You can make purchases without the hassle of bringing too much cash with you. However, it can also be a very dangerous tool. If you don’t know how to handle your finances, you might end up in tremendous debt later on. So, before you apply for one or another one for that matter, make sure to check out first if having a credit card is good or bad for you.
Do you have difficulty starting on a budget? Or if you have already prepared your budget, are you having difficulty sticking to it? Perhaps you are plagued by one or more of the common reasons why a budget is not working for you. Good news is, there’s a way to fix them.
Education is one of the important things that parents strive to be able to provide for their children. In school, children are rewarded with praise and awards when they get high grades in their subjects and they are envied for their intelligence. Even as adults, intelligence is highly valued in job applications.
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. Continue reading Why You Should Invest in the Stock Market
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. Continue reading Common Sense Financial Advice That People Don’t Follow
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. Continue reading Ways to Reduce Your Monthly Expenses
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.”
You are tired of working for money. You have finally decided to slowly build your wealth through passive income and let money work for you. The question now is are you ready to invest?
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. Continue reading Do You Work for Money or Do You Let Money Work for You?
One of the many frustrations many people have in their lives concern their physical health. We are obsessed with trying to achieve the perfect bodies similar to the models we see in magazines. But we are frustrated because most of us cannot afford the lifestyle required to achieve and maintain such a body. Similar to our goals of financial success, a perfect-looking body has also become a status symbol. Continue reading What is Your Current Level of Wellness?