Financial literacy is not the same as mathematical literacy. You don’t even need to know maths to be financially literate. It has become necessary for me to put that out there because of the scary staggering lack of financial literacy in our society. Disturbing Financial Literacy Statistics Let me show you the disturbing numbers before …
I’m so convinced that millionaires come from money that I take any young millionaire success story with a grain of salt. A decade ago, I thought that having a million in the bank is unattainable for regular people, even with a second or third job! And then I entered the world of personal finance. After …
In 2008 someone under the pseudonym Satoshi Nakamoto invented a digital currency that will be earned as a reward for a process called mining. After that, they offered open-source software for payment implementation. The inventor released a new option for online payments, and no one had the minimal idea of what was about to happen. …
The primary purpose of venturing into an investment is to gain some returns on your investment. In some cases, we embrace the idea of accelerated returns with minimal risk, especially when trading. As an investor seeking ways to increase your returns, you need to understand what is involved when trading, the type of trading, and everything involved. …
I usually have my investment plans set towards the end of the final quarter of the year. In this case, 2020. So this time, I decided to look at Bitcoin one more time to determine if it’s a good investment for 2021 and if my position has changed from the last time I reviewed it. About a …
Millennial households are earning now more than ever with a $69,000 median income. But most of them are still buried in debt and living with their parents. The lack of personal finance knowledge is to blame. Anyone can be quick to judge you on your financial decisions and management, but few will take the time …
Sparing your kids from the burden of student loans is the best thing you can do for them. We’ve already discussed college savings plans you can set up since they’re born, but what about using your retirement accounts? If you’re relatively new to personal finance and didn’t find out about 529 savings plans, or prepaid …
