Author: Riches Editor
Financial confidence is a powerful tool that can lead to a brighter and more secure future. It’s about feeling in control of your money, making informed decisions, and taking action to improve your money situation. Set yourself on the path to financial empowerment with these essential steps. 1. Learn more One of the fundamental pillars of financial confidence is knowledge. Understanding more about money, saving, and investing, will empower you to make informed decisions. – Action 1: Explore free financial resources like books, online courses, and websites to boost your financial literacy. – Action 2: Attend local personal finance…
In the fast-paced world we live in today, it’s easy to accumulate subscriptions and memberships without taking the time to consider their value. Yet, periodically conducting a personal finance audit can be a game-changer when it comes to optimising your financial health. Just as you would review your monthly budget, complete an audit of your subscriptions, memberships, and digital presence to ensure you’re only paying for what truly adds value to your life. Streamlining Streaming Services: In an era of endless entertainment options, it’s common to have multiple streaming service subscriptions. However, when was the last time you revisited the…
As a couple, we face various challenges that test our relationship. Financial matters are one source of tension, but they’re also an opportunity to communicate more effectively and grow closer. Through talking openly about money, listening to concerns, and working to find compromise you’ll strengthen your communication skills over time. Naturally, the hustle of daily life limits our quality time. So don’t expect great conversations about money to happen spontaneously. Instead, set aside time for “money dates” and you’ll make real progress. Here are the key aspects to work on in your financial partnership: Budgeting Together is a collaborative effort that…
Do you ever find yourself counting the days until your next payday? Do you wonder if you’ll have enough to cover your bills and expenses? You’re not alone. Living in this pay-cheque-to-pay-cheque cycle is stressful and it’s all too common. But it doesn’t have to be a never-ending loop. With the right mindset and practical steps, you can break free and build a life with more financial stability. 1. Shift Your Mindset Whether we believe we can, or we cannot, we’re right. So, breaking the cycle starts with a shift in mindset. Instead of viewing each pay as a means…
With the cost of living and interest rates still high, it’s critical to understand the fundamental truths of personal finance. While these principles may seem straightforward, putting them into practice can be a journey in itself. 1. Living Within Your Means is Essential: At the heart of personal finance lies a straightforward principle: spend less than you earn. This approach not only safeguards against accumulating unwanted debt but also creates room to save and invest for a more secure future. Regrettably, the allure of instant gratification, coupled with societal pressures, often makes this foundational truth a challenging feat. Yet, building your…
Financial discipline is more than a buzzword; it’s an essential skill set you need for long-term wellbeing. Yet, in a world filled with temptations to spend, keeping up this discipline is an everyday challenge. Impulsive buying decisions can derail even the most carefully constructed budget. To improve your outcomes, it’s helpful to have a process for managing your personal finances. This is the same idea we use to improve our physical fitness – when we have a plan and follow it, we’ll see the results. Understanding emotional spending Emotional spending is the habit of using purchases as a way to…
Imagine this: you’re walking through the shopping centre, and a new gadget, or outfit catches your eye. It’s not on your shopping list, but it’s on “Sale!”. Do you buy it? Marketing departments are very good at their jobs, and this is a common situation. Right here is where mindful spending can make a big difference. Mindful spending isn’t just about saving money; it’s about ensuring that your spending aligns with your most important financial goals. It’s spending on purpose in such a way that it will lead you to a more fulfilling and responsible financial life. Understanding mindful spending…
Have you ever opened the washing machine and instantly spotted the remnants of a tissue that has gone through the wash? It’s a big mess, and super annoying because you know it could have been avoided. But no amount of frustration will allow you to travel back in time and check those pockets again. All we can do is jump in and clean up the problem. To use another saying, there’s no sense crying over spilt milk. Money mishaps are something else that we’ll run into from time to time. They can range from minor oversights such as paying a…
Just as a river needs an unrestricted flow to remain healthy, so too must our financial energy flow freely for optimal financial wellbeing. The concept of financial energy flow is key to understanding and achieving financial wellness. This flow represents the movement of money through our life – from earning and spending to saving and investing. When this flow is clear, we experience financial stability and growth. But when a blockage occurs, our financial health suffers. The first step to unblocking your financial energy is to identify the issues. Two of the most common factors are high debt levels and…
Hi, everyone! Welcome to this session of the Tiger Academy “First Impression of the US Stock Market.” After being introduced to the investment strategies in the previous session, I think you now have a good understanding of what stocks are and some strategies used to invest. In this lesson, I’ll take you through four steps to complete the second investment strategy: Establishing an Overview of the US Stock Markets. For traders in US stocks, it’s important to become familiar with the main trading markets, the three major indexes, market regulators, and famous companies before investing. This will help you understand…