Financial records are records of the financial activities of an individual or an institution. Keeping the records in order is key and helps in managing finances. You can use electronic storage or labelled files in secured drawers for storage. These…
How much could you accomplish if you developed the habit of accurate thinking? Near 100%. Accurate #thinking makes you a “one-track” thinker and trains you to focus on relevant facts only. Accurate thinking is the process of reasoning to facilitate…
Budgeting is an essential financial habit that gives you control over your money and helps you gain emotional security over your finances. There are different budgeting techniques depending on an individual’s preference. These budgeting techniques include; 50/30/20 Budget Rule This…
Investing is the purchase of assets that are not consumed at the moment but can be used in the future to generate wealth. Investing provides you with an extra source of income, comes in handy during emergencies, and can also…
Everyone wants to make the right financial decisions and become financially stable – having a saving culture is one of the best ways to secure your future in an emergency. However, a lot of people have difficulties saving money, and…
Many people are scared of debt due to the various myths about debt making rounds and giving people the wrong information and ideas about it. These debt myths have spread erroneous beliefs and led to many people perceiving debt as…
Having enough cash for savings and investments to cater to one’s lifestyle and that of their family is a goal many yearn to achieve. Unfortunately, many fall far short of financial freedom. Before striving for financial freedom, we must ensure…
Inflation is the general increase in the prices of goods and services in an economy. Consequently, inflation corresponds to the reduction in the purchasing power of money. The three types of inflation are built-in inflation, demand-pull inflation, and cost-push inflation. …
Dollar-cost averaging is a strategy for investing a fixed amount of money regularly. If your goal is to build long-term wealth, dollar cost averaging may help you get there. Investors divide their total capital and invest it across periodic purchases…
In a world where people are constantly working to acquire wealth, the question of how to grow and preserve it is not discussed. Most people focus on catering to the needs of their families, and that’s as far as they…
