Should I Take a Personal Loan to Invest? A Deep Dive
The idea of taking a personal loan to invest can seem tempting. You get a lump sum of money upfront, potentially allowing you to capitalize on market opportunities and grow…
The idea of taking a personal loan to invest can seem tempting. You get a lump sum of money upfront, potentially allowing you to capitalize on market opportunities and grow…
Early home loan repayment can be a financial game-changer, potentially saving you thousands in interest and shaving years off your mortgage term. This comprehensive guide dives into the various aspects of early repayment, providing practical examples and advice to help you make an informed decision. From understanding your loan terms to balancing debt repayment, building an emergency fund, and considering retirement savings, we cover it all. Whether you're a first-time homeowner or looking to optimize your existing mortgage, discover how early home loan repayment might fit into your broader financial strategy.
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
We can see that even in the 21st century, the advice contained in the book written almost a hundred years ago remain valid. Human nature does not change and so does the laws of accumulating gold and becoming wealthy. What is your take on this books and the five laws? If you have not read the book yet, I would highly recommend you to read the book.
Our lives have changed profoundly in the last 6 months. Freedoms that we used to enjoy have turned into a luxury. I sometimes (only sometimes) miss commuting to the office.…
Finding new ways to save money on almost anything you buy is almost like getting a raise. Maybe it's even better. When you save twenty dollars on a coat you…
When it comes to finance, many people put an impractical blind eye to the fact that finances need to be managed. Personal finance is an ever-growing popular term for adults and teenagers alike, regardless of whether you are earning the money or not. After-all bills have to be paid, family members have to be fed and your lifestyle has to be maintained.
In the world of personal finance, we see a lot of messages, blog post, even books which encourage us to skip the $5 coffee and make soaps at home to save some pennies. Frugality is the practice of being sparing or economical as regards money or food. This is great when you are absolutely broke. Is frugality the miracle cure to make your purse fat?
Many Gurus have said - you should be debt-free. I understood it partially. I implemented some of the "Baby" steps to reach that stage. But, I faltered. Then, came COVID-19. We all are facing an unprecedented situation. And this has really opened me to, you know, the idea of being debt-free, and how much that reduces your risk. So the thing I really wanted to talk about in this blog post was you know the importance of being debt-free!
Many Gurus have said - you should be debt-free. I understood it partially. I implemented some of the "Baby" steps to reach that stage. But, I faltered. Then, came COVID-19. We all are facing an unprecedented situation. And this has really opened me to, you know, the idea of being debt-free, and how much that reduces your risk. So the thing I really wanted to talk about in this blog post was you know the importance of being debt-free!