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…
With low-risk investments that generate steady returns, such as certificates of deposit (CDs) and money market accounts, you can begin to build your financial future securely even if you aren’t quite old enough to access other investment options. Taking the time to research investment options and make wise investment decisions now will set up a…
Current retirement products are often created in a way that does not take into account the changing needs of an ageing population. In addition, many retirement products fail to address the growing disparity between workers’ salaries and their savings for retirement. As such, it is increasingly important for retirement product providers to develop innovative solutions…
A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a portion of their paychecks before taxes are taken out. Taxes aren’t paid until the money is withdrawn from the account. Employers may offer to match employee contributions, providing an additional benefit for employees who participate in the…
Types of economic storms? Economic storms can take many forms, from local recessions to global depressions. Common economic challenges include rising unemployment rates, decreasing wages, inflationary pressures and stagnant GDP growth. To “bury” these economic storms effectively requires a comprehensive approach that addresses both short-term and long-term goals. In the short term, governments should focus…
Selling ebooks on Gumroad can be a lucrative and efficient way to reach your audience and earn income. Setting up your account creating your ebook, and promoting your book are the key steps to successfully sell ebooks on Gumroad. Setting up Your Account To get started selling ebooks on Gumroad, you will need to create…
