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
You often hear about inflation on TV or read about it in newspapers. However, chances are you don’t really understand what it is all about. Even if you did study economics in college, you would have already forgotten about it. Who cares! You are just too happy to finally have gotten over the course. After all, economics has been constantly voted as one of the most boring subjects ever created.
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.
Can you remember what your dream was when you were young? Did you want to become a doctor, an engineer or a movie star? What are you doing right now? Are you doing your dream job or did you settle for a job that is more financially rewarding?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 »
Society has defined success as the attainment of wealth, status and fame. Do you agree with this definition? Using this definition, persons like a CEO of a company, a multi-millionaire, a head of state and a popular actor are all considered successful. But how about a housewife? A skilled carpenter? A public school teacher? Do you still consider these people successful? How about yourself? How do you see yourself? Do you qualify under society’s definition of a “successful” person?
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?
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 »
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.
To live beyond your means simply means that you are spending more than what you can afford. Statistics show that a great majority of employees nowadays are living from paycheck to paycheck without any kind of financial cushion. While we all deserve to spend our hard earned income, spending beyond our earnings and racking up debt in the process is a recipe for financial disaster.
To live beyond your means is to spend more than you earn.