The American version of debt management seems to be buy now, pay later, or worry about it later. Instant gratification has replaced save for a rainy day as the watch word for Americans regarding their money. There is an old saying that When you find yourself in a hole, the first thing to do is […]
I love to read about making money, and any type of book on personal finance. I also love to read about getting out of debt, and also building wealth.
I believe in not using any credit cards at all, and paying off all your debts from smallest to largest. This is called the […]
I can still remember my first lecture in Management Accounting. The lecturer was introducing us to the concept of budgeting and at the end he made a little joke, which went something like this: “If your budget has turned out exactly right, you have either had an amazing stroke of luck or got it wrong!” […]
Sharia is Islamic law - the principles by which Muslim men and women live their lives. Islamic banking is a banking system that its consistent with Sharia, and the idea was formed in response to the obvious divergence of many Western banks with these ethical principles. Islamic banks have grown in both number and popularity […]
When we talk about offshore financial companies, the term conjures up an image of huge, shadowy financial monoliths investing funds without any transparency. These types of companies also exist. e.g. many mutual funds and hedge funds whose investors prefer ‘foreign country’ investments.
But ordinary investors like us too can form offshore investing companies of relatively smaller […]
Your retirement income investment plan starts now, right now, no matter how old or well heeled you happen to be.
Step One is to understand what a retirement plan is, and to identify the three large numbers you need to keep track of while you are developing your stash. With these three totals on your spreadsheet, […]
Investors seeking a low-risk investment that can be easily converted into cash often choose a certificate of deposit (CDs), a special type of deposit account with a bank or thrift institution that offers a higher rate of interest than regular savings account. And unlike other investments, certificates of deposit feature federal deposit insurance up to […]
If you look at your bank account and wonder where all the money went, or swore you paid a bill and now you are told you are past due, you may have a budget problem or no budget at all.
This is not something that is taught in our traditional public education system. […]
It is great that many people are now searching for good financial advice. With past generations, the typical financial advice passed down from parents to children was: buy a home, pay it off as quickly as possible and then - if you are really good at managing your money - buy an investment property.
Unfortunately, there […]
More and more people are now clamouring aboard the former trails emblazoned by the seasoned investors. Money advice, tips and strategies abound. Get rich. Save for your retirement. Make a million to retire on. Pay off your home in only 5 or 8 years. Financial freedom. Live your own […]
