Your EQ is More Important Than Your IQ

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.

Continue reading Your EQ is More Important Than Your IQ

Why You Should Invest in the Stock Market

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

How to Make S.M.A.R.T. Goals

We are constantly dreaming and making wishes for what we want our future to be like but most of us procrastinate when it comes to actually writing down our plan for how to achieve our goals. We all know where we want to go but we don’t have a plan on how to get there. This causes us a lot of anxiety in our everyday lives. Continue reading How to Make S.M.A.R.T. Goals

Bonds vs Stocks vs Funds

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.”

Continue reading Bonds vs Stocks vs Funds

Signs that You are Ready to Invest

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?

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Do You Work for Money or Do You Let Money Work for You?

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?

What is Your Current Level of Wellness?

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?

Is Credit Card Good or Bad?

Have you ever wondered whether having a credit card is good or bad for you? For most newbies in their first jobs, getting a credit card is a sign that they are finally independent! It is a cause for celebration and may cause many to eagerly take the irresponsible first swipe.

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What Will Your Retirement Look Like?

According to statistics, out of every 100 persons aged 65, 96% are either dead or dead broke, 3% are comfortable and only 1% are wealthy. Because of this, many retirees continue to work long after their retirement age. Others are dependent on their social security payments, which are never enough; while some depend on their children’s money or support for their day-to-day expenses like food, utilities, transportation and maintenance drugs. Most problem arises when there is an unexpected medical emergency.

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10 Basic Terms That You Should Know About Personal Finance

Understanding basic money terms should be your first step towards financial literacy. It would be very difficult to start learning financial literacy, much more overhaul your financial life without understanding the basics. Just like reading for example, you won’t be able to learn how to read without knowing the alphabet.

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How Financial Literacy Can Change Your Life

Are you constantly worried about money?  Are you struggling to meet debt obligations?  Do you feel that your salary is not enough to cover your monthly expenses?  Are your financial worries so stressful that they are already gravely affecting all aspects of your life including your health and personal relationships?

Continue reading How Financial Literacy Can Change Your Life