Category: Basics of Personal Finance
Initially, a seemingly modest 7% return on your investment might not immediately catch your eye as something extraordinary. However, consider this intriguing possibility: what if you were informed that your initial investment had the...
Have you ever heard of an antibudget? It might sound like a bit of a paradox, especially in a world where meticulous financial planning and budgeting tools reign supreme. But what if there’s a...
Let’s discuss the financial principle of holding precious metals as a hedge against economic instability or a collapse. To be totally candid, I don’t currently employee this practice. However, it is something I’ve been...
Warren Buffett is one of the most successful investors in the world, known for his disciplined approach to investing and his long-term perspective. He made his money primarily through his investment company, Berkshire Hathaway....
There are several different investment categories, each with its own characteristics, risk levels, and potential returns. Understanding the various categories is crucial in crafting a balanced investment strategy tailored to one’s risk tolerance and...
A spending audit, also known as a financial audit or budget analysis, is a comprehensive review of your financial transactions and expenses over a specified period of time. Its primary purpose is to gain...
“Mini retirements” is a concept popularized by Tim Ferriss in his book “The 4-Hour Workweek,” published in 2007. The idea behind mini retirements is to break away from the traditional concept of retiring at...
Let’s combine two topics close to my heart, vacation and finance. Put them together and you get a staycation! A staycation is a term that combines “stay” and “vacation” and refers to a period...
Lately I’ve been finding myself having conversations with first time home buyers. Well, at least they’d like to be first time home buyers. This housing market has been killer on all home buyers, especially...
Personal finance is a fundamental aspect of our lives that directly impacts our financial well-being and future. Understanding how to manage money effectively, make informed financial decisions, and cultivate healthy financial habits can pave...