In today’s fast-paced world, managing personal finances can be challenging. However, maintaining a strict daily budget is a powerful tool that can lead to financial stability and success. Here’s why it’s a good idea to keep a strict budget every day, supported by facts.
1. Control Over Spending Habits A strict budget helps you monitor your…
Business
We Are in a Debt-Driven Society
In today’s economy, working the traditional 9-to-5 is becoming less and less worth the toll it takes on your mental health. We live in a society fueled by debt, where the cost of goods continues to rise, and the value of your dollar diminishes with each passing day. The…
In the midst of what appears to be a golden age for the insurance industry, one might wonder: what's the difference between insurance and a Ponzi scheme? In 2023, the property and casualty (P&C) insurance sector amassed an eye-watering $88 billion in profits, more than doubling the previous year's earnings and marking the most profitable…
Unfortunately, 99% of humanity is asleep to what's coming. The global economy is teetering on the brink of disaster, and the mounting debt bubble threatens to pop, potentially plunging us into an unprecedented financial crisis. In this article, we will explore the factors contributing to this impending crisis, examine how society's priorities have gone astray,…
Credit can be a lifeline in tough times, but it can also be quietly destructive. As I spoke with borrowers, financial experts, and scholars, it became clear that behind our fantastic plastic lies a powerful, deregulated, and exploitative system that traps many in a debt spiral.
These are the stories of that system, the people…
Credit cards can be powerful tools for building credit, managing finances, and even earning rewards. However, not all cards are created equal. Certain types of credit cards come with hidden fees, exorbitant interest rates, and terms that can trap you in debt.
Here's a guide to 11 credit cards to avoid, so you can…
Saving for retirement can feel like climbing Mount Everest – an intimidating, seemingly insurmountable task. But what if reaching the summit wasn't about a single, herculean effort, but rather a series of manageable steps?
Many financial experts agree: the worst approach is doing nothing at all. "There's no magic formula," says "It's a spectrum of…
Small Business:
In the dynamic arena of small businesses, it focus toward customer service proves to be a pivotal strategy. A survey executed by American Express underscores this, revealing that a staggering 78% of consumers steer clear of businesses with subpar services. To fortify your standing, prioritize exceptional customer experiences through initiatives such as staff…
The Federal Reserve has been on a steady path of increasing interest rates to draw money out of the economy and slow down the rate of inflation. Its efforts are yielding some results as inflation slowed down again in December 2022 to a rate of 6.5%, according to the Consumer Price Index (CPI). The cost…
If you're wondering if it's possible to retire in the fifties, the answer is yes.
Early retirement:
While the normal retirement age for most people usually means 65 or older, early retirement can give you more time to do things you enjoy or explore new interests. But it's important to build a solid financial…