Looking for a home to buy is much easier than the buying process itself. The process becomes even more overwhelming when you are haggling for the best price. Unless you spend your day’s haggling for prices and best deals everywhere, negotiating for the best price for your next home...
Most of us have to sell our time for money. For those who feel that this is an invisible prison, financial independence (FI) shatters these invisible walls. The journey to FI is decades long, hard and difficult, but the end goal of a more fulfilling life make the pursuit...
It is the U.S. tax season, and while the concept is relatively simple, filing your taxes can be stressful. Making even the simplest of mistakes can lead to your returns being rejected or having your finances audited by the IRS. It’s no wonder most Americans hire a tax accountant...
If you are among the millions of individuals who have lost their jobs due to the Covid-19 pandemic, your levels of cash flow may be low. Unfortunately, bills do not take a back seat even when you are at your lowest.
You might not be in a position to postpone...
Whenever an investing conversation occurs, your portfolio manager or financial advisor will probably mention the words “risk profile.” Even in companies, investors are always talking about the risk profile of the companies they are interested in. So, what is a risk profile?
What’s a Risk Profile
A risk profile is an...
It is no secret that the Covid-19 pandemic has disrupted every aspect of our lives, leading to the loss of jobs and businesses' closure. One silver linings are how people have discovered the need to be self-employed or build multiple revenue streams. Many people have started businesses with all...
You may have heard that U.S. President Donald Trump proposed ending a federal student loan forgiveness plan in his 2021 budget.
His proposal would terminate a popular program for federal and nonprofit employees that forgives student loan debt after 10-years of on-time payments. It would also reduce the number of repayment...
There are many investing decisions to make as an investor, especially when it comes to what investment strategy suits you. One of those debates will hinge towards the individual stocks vs. equity funds argument. Which one of these is best for you?
For starters, what's the difference between individual stocks...
What Is Financial Independence and How Do You Achieve It?
Financial = money = acquiring what is needed
Independence = not being dependent = freedom
Why do you need money?
Two things.
To buy what you need. Secondly,
If you sell your time for money, to take back control of your...
It’s tax season in the U.S., and the IRS wants to know if you sold or bought any cryptocurrencies in 2019.
For the first time, the IRS will ask if “At any time during 2019, did you receive, sell, send, exchange or otherwise acquire any financial interest in any virtual...
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 people talk of income, either from providing services, selling products, or their investments, they rarely think of the different income types. When we think of the different types of income, it's quite common for one to get confused.
First, there are two types of income, disposable and discretionary income....
You’ve got the job, you’re managing to make the rent each month (if you’ve escaped the nest) and you’re starting to look to the future. Perhaps you are finding, for the first time, that you have some spare money each month after the bills have been paid and are...
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...
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...
