Over the past few decades, there has been a growing focus on building wealth, achieving financial independence, and gaining time freedom. These are often seen as the ultimate goals of personal finance and are highly sought after by individuals from all walks of life. But what exactly do these terms mean? And how are they…
The real flex is to do strategic personal finance Personal finance is an essential aspect of our daily lives and it involves managing our money, budgeting, saving, investing and financial planning. However, despite its importance, many people struggle with managing their finances effectively. This is where the concept of ‘flexing’ comes into play. The term…
The year 2024 is just around the corner and it’s never too early to start planning ahead. If you’re looking to take control of your finances and get your money in order, this guide is for you. Whether you’re facing debt, struggling to save, or simply want to improve your financial health, there are practical…
Private money lenders vs hard money lenders Private money lenders and hard money lenders offer similar services, but there are key differences between the two. Private money lenders typically provide funds to borrowers through a private loan agreement. These loans may be secured by real estate or other assets, depending on the terms of the…
The impact of rising inflation on living costs is an important area of consideration for individuals and families. As prices increase, households may find it more difficult to cover necessities, such as food and shelter. In addition to rising prices for goods and services, inflation can lead to higher taxes, increased debt costs, reduced purchasing…
The quest for happiness often leads to a discussion about the role of money in achieving that elusive state of contentment. It’s a common belief that amassing wealth opens doors to a myriad of choices and freedoms, liberating individuals from the constraints of financial insecurity. With financial resources, they gain control over life’s basic necessities…
Achieving financial independence is a goal many aspire to, allowing for a life where one is not tethered to conventional employment to meet their financial needs. It requires a strategic approach, where adjusting one’s viewpoint on money and personal finance plays a crucial role. A mindset geared towards fiscal autonomy encourages discipline, resourcefulness, and a…
Making strategic financial decisions with a long-term perspective often leads to more meaningful and sustained success than seeking immediate fulfillment. The concept of playing the long game involves prioritizing future benefits over short-term pleasures, a principle that underpins many of the strategies embraced by some of the world’s most successful investors and entrepreneurs. By focusing…
Money is a powerful tool that has been present in human societies since the beginning of civilization. It is used to facilitate trade, acquire goods and services, and build wealth. However, with great power comes great responsibility. In this article, we will discuss how to respect the power of money and use it wisely. Understanding…
House hacking, a term coined by real estate investor Brandon Turner of BiggerPockets, is the strategy of living in one unit of a multi-unit property while renting out the others. This method allows investors to significantly reduce or even eliminate their own housing expenses while generating rental income. But aside from financial savings, what other…
