Ray Dalio released his unconventional template on how the economy works in 2013 which it is still relevant today. We can study this template to understand where we are today in relation to where we have been. Dalio recently has explained we are right now (as of September 2018) towards the end of the short
Category: Finance
There are many misconceptions between Savings and Investing. For most people, savings is a more familiar method than investing because it feels safer. This is due to the simplicity of the meaning of savings which basically means putting some money aside for a particular goal. Investing on the other hand, is perceived as more complicated to
The biggest threat to your financial well-being is yourself. This fact is also true in every area of life, we tend to be our own worst enemy. The problem is that we all have an ancient brain that is not designed to make sense or make us happy, but it is designed to protect us
Most of what we do in life is “trading“, which means I give you this if you give me that. We do this with our time, money, emotions, and actions. In the Personal Finance space, investing can come in different forms. For example, we can invest in assets such as a home, 401k retirement account,
Magic Formula Spend Less Than You Make = Wealth No matter how much money you earn, this is true. The less you spend, the more wealth. Principles: Define wealth as having a balanced allocation and strategy for your financial goals. Make sure to know your numbers, percentages, and saving/spending habits. Study and get comfortable your