Key Points: Market crashes are sudden declines in stock value, driven by economic conditions and market psychology. Historical examples like Tulip Mania and the 1929 Crash show the wide-ranging impact of market downturns. Investors can mitigate the risks through proper research and financial planning. So you wake up, go about your normal routine, at the […]
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The need to come up with a budget in order to be better at handling one’s finances is no longer a new thing. In fact, it is safe to say that even before the phrases “personal finance” or “money management” had been coined, people had long been trying to be keen at allocating certain portions
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It wouldn’t be wrong to say that it’s raining credit cards, in the past couple of years credit cards have become more common and it is because of this reason wherever you look you see a new bank opening up trying to lure you in with their seemingly lucrative credit card offers. Yes, credit card
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Key Points Investing starts with determining who will manage your funds and how much risk you’re willing to take. Stocks offer potential for high returns but require a deep understanding of market trends and risks. Bonds are a safer alternative, providing fixed income over a specific period with less volatility. Both stocks and bonds can
Investing for a Rookie: Stocks and Bonds Read More »
Key Points: Paying yourself first by setting up a special high-interest account ensures consistent savings. Eliminating smaller debts first gives a sense of accomplishment and encourages continued debt repayment. Automated payments remove the mental load and risk of missing bill deadlines, aiding in debt elimination. Choosing healthy food options not only benefits your health but
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Key Points: Setting up an automated savings system is crucial for financial stability. Regularly tracking daily expenses helps in identifying and cutting unnecessary spending. Controlling emotional triggers can prevent impulsive spending and improve finances. A debt elimination plan focused on smaller debts first can ease financial strain. An emergency fund with at least six months’
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Key Points: Necessity of Financial Advisors: No matter your income level, a financial advisor can offer crucial assistance. Broad Role of Financial Planners: They help in more than just investment planning; they assist in organizing your overall finances. Life Event Planning: Financial advisors offer expertise for significant life changes like marriage, children, and retirement. Choosing
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Personality plays a big role in every aspect of our lives; it helps shape how we form and behave in our relationships, what we choose to study and which career we end up going for and like all the other things how we choose to spend our money also depends greatly on our personality. Only
Are You a Frugal or Lavish Spender? Take the Money Personality Quiz and Find Out Read More »
Key Points: Credit card approval is not guaranteed for everyone and depends on various financial habits and history. Five common unhealthy financial habits that can lead to credit card denial include: having a bad credit file rating, not meeting income requirements, having delinquent accounts, having a short and unstable financial history, and having too many
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