Investing is about making money, starting with a small amount, and making it grow over time. Whether you are an experienced investor or a novice, the basic principles of profit, loss, growth, and depreciation never change. When a company is doing well, its value will increase. If it isn’t, it will either stay the same
You think that your teenage years is too early to start saving up for a house, but with housing costs rising every year, it’s not such a bad idea. In fact, in 2019, over 300,000 Gen Z-ers had mortgages, while four out of five of these young people believed they’d own a home within five years.
Setting up a new business is a goal that most people will find rewarding and impressive. However, first-time entrepreneurs will face overwhelming responsibilities and challenges that will take up their time, effort, and finances. One such challenge is debt, a word that is well acquainted with small business owners. The term ‘debt’ might evoke a
Regardless of your monthly income, it’s still a wise decision to be financially aware and responsible for your own spendings. With the economy proving to be more and more volatile, it’s never a bad idea to start saving. Perhaps you’re saving up for a big event in the future, or you’re just storing money for
People often have a negative idea in mind when they hear about hard money loans. In movies, hard money lenders are typically portrayed as loan sharks who demand their clients to surrender their property with more value than the amount being loaned. Then, the movie creates a situation wherein the borrower isn’t able to pay
Many banks offer credit card rewards for new signees, and in fact, it’s pretty common practice for banks to give out amazing freebies or huge discounts for first-time credit cardholders. Naturally, people have found a way to exploit these offers in a practice called ‘credit card churning’. What is Credit Card Churning? At its most
Buying a home is one of the biggest financial commitments you’ll ever make in your life. If you don’t want to take on more debt than you can handle, you’ll have to run the numbers before signing your name on a binding contract. Otherwise, you could end up with a mortgage that’s worth more than
In just a few weeks we are about to enter the last quarter of the year. And while things are a lot different now compared to last year — no thanks to the coronavirus pandemic — it doesn’t mean that our lives should stop. Sure, the health crisis has somewhat changed the way we celebrate
Conventional wisdom dictates that people who want to purchase a house should do that while they’re still young. Since you’ll likely be paying your home loan for the next 15 or 30 years, you might as well get a head start. Unfortunately, not everyone has the opportunity to start early. Issues, such as mounting credit
They say the best things in life happen when you are still young. In that case, your 20s is the foundation for your future. What you do during those 10 years will greatly affect your life 10-30 years later. If you are a young professional in your 20s, you should know your priorities and the
