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...
When you want to invest in pooled funds, mutual funds, and Exchange Traded Funds (ETFs) are among the major pooled investment, you’ll come across. Knowing the difference between these two is the key to a good investment.
There is a lot of similarity between ETFs ( Exchange Traded Funds) and...
Fintech companies and mobile-money startups have long relied on traditional banks to operate, but that could soon change.
The FDIC approved bank startup Varo's charter application on Monday, which means Varo can start holding customer deposits.
Receiving an official bank charter has been part of Varo's vision from the very beginning,...
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...
You’ve probably come across the word ‘volatility’ as you scroll through finance and investment sites and articles. In fact, the Coronavirus pandemic has led to a downturn in the global economy, with every media reporting on volatility.
Volatility can have different meanings, depending on the context in which it’s applied....
We all expect and accept that Artificial Intelligence will play an important role in the global economy of the future. But are we ready to entrust robots with our investments? Well, there is a good chance that you already do to some extent, as more and more investment operations...
The first step towards financial freedom is organizing your finances and setting up a budget. Fortunately there are plenty of applications that can work with your financial accounts to help you keep track of where your money is going.
These apps can help you set up a budget, track your...
Financial independence is a thought process, it is a reflection of the neural connections within the subconscious and how they manifest themselves within the conscious. Thoughts are seeded from other throughs which grow into a decision that have the ripple effects of financial bloom or financial withering.
The structure of decisions...
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...
What is peer to peer lending?
P2P lending is a system of direct loans between a borrower and a lender. These direct loans are managed through a peer to peer lending company which has a platform in the form of a website to administer this process. There are many p2p...
Who doesn't like a good free app? Anything that gets you closer to saving more every month by helping you reduce how much you spend it's great, as long as it brings joy and happiness into your life. Here are personal finance apps free at your disposal that you should consider...
When investing investors put their capital at risk. This risk changes according to events in the world. In particular, p2p investing is still a relatively new industry and thus is subject to more changes. Regulators, p2p lending platforms, borrowers, investors, loan demand, borrower choice and interest rates are agents...
Regardless of how your retirement plan pans out due to Covid-19, the truth is that you still have to plan for retirement. Why, because the dynamics of retirement planning have changed over the decade. While the current pandemic might play a role, other factors have changed retirement planning over...
If you have started your investment journey, you already have a few investing avenues- like mutual and index funds. Today we will focus on index funds, and are they a good investment choice for a beginner?
To start, index funds are a form of Exchange Traded Funds (ETF) or Mutual...
It’s tempting to bury your head in the sand when it comes to debt. But, as we all know, those credit card bills are only going one way and the banks aren’t going to forget about the loans you are struggling to repay. While most of us will worry...
As an investor, sometimes seeking the advice or investment support of an experienced professional can help your investment journey. Among the available financial professionals, the difference between investment advisors and brokers confuse a lot of investors. Although both seem similar, the two professional fields are different; they operate under...
Investors and homebuyers sometimes go for foreclosed properties as it allows them to buy properties at a fair price. As much as you can find foreclosed properties with decent prices than newly listed properties, they come with pitfalls. Below are the pitfalls to watch out for when buying foreclosed...
For a young person in their 20s, fresh out of university with a new job, what do with extra money is the last thing they are thinking of. Retirement is years away, and plus first jobs rarely pay much. However, thinking about what to do with extra money is...
While having a mortgage allows you to build equity, the long repayment term can be draining. When the opportunity arises, many borrowers reconsider refinancing their mortgage loans.
Refinancing sometimes comes with better loan terms, especially if you’ve serviced your mortgage loan for several years. However, refinancing doesn’t always work in...
Many people don’t like their corporate jobs and want to do something for themselves. Many other people complain that they are being underpaid for the amount of work they do. Joining another big corporate is an option, but it may not solve the underlying issues. The work may still...
