It is no secret that the Covid-19 pandemic has disrupted every aspect of our lives, leading to the loss of jobs and businesses' closure. One silver linings are how people have discovered the need to be self-employed or build multiple revenue streams. Many people have started businesses with all...
It’s time to stress test your personal finances! With the current ongoing pandemic and economies taking a toll since the last recession, now is the right time to confirm where you stand. Financially speaking, that is.
Stress testing is not a new practice. Banks and financial institutions embraced this practice...
Financial Skills Toolbox
A toolbox is a dangerous place, it contains hammers, saws and nails. If used eloquently they can build your financial fortress. On the other hand, if those using them do not have the experience or the patience to learn how to use them, they can cause unintentional...
Saving or investing? It’s a never-ending debate in personal finance management, especially now that many economies are struggling to recover from the Coronavirus pandemic. You probably have some money or are making enough money and have some left after expenses that you don’t know whether to save or invest.
We...
You’ve got the job, you’re managing to make the rent each month (if you’ve escaped the nest) and you’re starting to look to the future. Perhaps you are finding, for the first time, that you have some spare money each month after the bills have been paid and are...
A comprehensive guide to investing in index funds for beginners. Learn the basics, tips, and strategies to make informed investment decisions. Take control of your financial future now!
When investing in real estate, it is good to know where to look for the best deals. Market listings are not the only option for this. Unfortunately, most beginner investors do not know that off-market properties often have better offers.
What Is An Off-Market Property?
Off-market properties or pocket listings are...
Buying a house is one of the most significant purchases you will ever make. As such, the process needs to be meticulous, so you do not end up hating a property or the financial debt a mortgage leaves. For this to happen, you need to be aware of the...
Building wealth is a very touchy topic, considering there are numerous “quick riches” schemes, which people still fall for, unfortunately. But it’s important first to note that there are no shortcuts when it comes to building wealth.
There are three basic steps you need to follow when you want to...
The Coronavirus pandemic is still raging through the globe. Companies are still struggling, people are losing jobs, and there’s no telling when the recovery period will start. There’s a need for people to spend wisely, now more than ever. Even if you still have your job, there’s no telling...
While the current crisis that is the Coronavirus pandemic might have shattered lives, there are ways of turning a crisis into a fresh start financially. Whether the current pandemic has hit you or not, the below tips will help you plan your financials and start afresh.
Reassess Your Spending
In times...
Step 1: Prepare yourself mentally and emotionally for your Financial Independence (FI) journey.
FI is not achieved in a day or a week, it is a multi-year process, an ultra marathon. FI will test your commitment and resilience. Body, Mind and Soul need to be committed to the success...
To work from home is a goal many people have set as part of their 2020 resolutions. When asked to choose, millennials are known for leaning towards getting more time to themselves than money, which is why remote jobs are increasing at a rapid pace.
Deciding on how to begin...
It is the U.S. tax season, and while the concept is relatively simple, filing your taxes can be stressful. Making even the simplest of mistakes can lead to your returns being rejected or having your finances audited by the IRS. It’s no wonder most Americans hire a tax accountant...
Life isn’t fair when it comes to money. Some people have a ton of cash while others struggle to just scrape through every month.
When every other brand is trying to sell something to us, the urge to spend our way to social acceptance keeps going north every passing day....
You may have heard that U.S. President Donald Trump proposed ending a federal student loan forgiveness plan in his 2021 budget.
His proposal would terminate a popular program for federal and nonprofit employees that forgives student loan debt after 10-years of on-time payments. It would also reduce the number of repayment...
There are many different ways to invest money. They range from super easy and safe (a savings account), to more complex and risky (stocks and bonds). But there are some investments that should be avoided in all situations. Avoiding these kinds of investments will make it more likely you...
If you are lucky enough to have a job amid this pandemic, there is a likelihood that you are still with the work from home (WFH) measures many companies are still practicing. One of the secrets to success when working from home is investing in a comfy and relaxing...
Norwegian Airlines is branching out from its low-fare transatlantic flights from the U.S. to a rewards credit card for frequent fliers in America.
If you’re into counting your miles and want to use points to get free tickets, then Norwegian’s rewards card is just one of the latest offerings to...
Debt consolidation is refinancing your old credits, where a lender merges multiple credits into one loan and repays off the old debts. You will end up with one loan with new terms from one lender only.
While debt consolidation has its advantages, like allowing you to have lower interest and...
