Enemy of Debt

Loans of any kind are debts by default, so it’s wise to do the due research before taking money from the first creditor you find. Out of the many considerations, the interest rate charged on the loan amount deserves special attention, as that’s what will determine how much you end up paying at the end of the tenure. Royalty Free Photo The Various Factors Which Affect Interest Rates The rate of interest charged will vary. Depending on the lender, the loan type, the borrower’s credit score, and his/her credit history. Out of these factors, the loan type is going to […] Read more »

Everyone is familiarized with the fact, only 2-3% of the traders can make a profit in the Forex market. And this 2-3 % of the retail traders are the elite traders who know the definition of investment. Investment doesn’t mean you will get high returns within a short period. Professional investors always think about the pros and cons. They never risk too much in any trade even though they have enough capital. They always go with the flow of the business and manages to make a decent profit. In Forex, you must learn to go with the flow, or else […] Read more »

Financial literacy is dangerously low in this country. Indeed, a huge number of grown adults don’t know the first thing about budgeting, debt, credit, or how to plan for their financial future. Indeed, nearly half of all adults don’t know their own tax bracket. Obviously, it’s never too late to learn how to manage your finances. At the same time, though, parents of young children can and should take the initiative to educate their kids about spending and saving money. Simply imparting a few key financial lessons could help your little one avoid some big headaches once they’re all grown […] Read more »

Freelancing may be in vogue, but no one ever said it was easy. In fact, becoming a successful freelancer can be quite difficult. After all, freelancers need to play a number of roles in order to sell their services, maintain good relations with other business owners, and deliver quality products time after time. Additionally, freelancers also have to manage both their personal and professional finances. Thankfully, we’re here to help with that today. Here are our top four investments tips for freelancers –– trust us, you’ll want to keep these handy: Set Aside a Large Emergency Fund Freelancing is a […] Read more »

Two of the most popular financial careers are accounting and finance. They each have different roles, require a different skill set, and offer different salaries. If you’re struggling to decide between the two disciplines, here’s everything you need to know about these careers, including which has more earning potential. The Difference Between Accounting and Finance Understanding the differences between these two careers will make your choice easier. In short, accounting looks back on past financial transactions while finance looks forward by planning future financial strategies. Here’s how their roles differ. Accounting Accounting is a subset of finance. You can view […] Read more »

Achieving financial wellness is something that requires a a lot of commitment. Just like achieving physical fitness requires someone to eat well, exercise and get adequate rest, financial health requires more than just money coming into your account. The way that we think about money and our mentality about financial health is often just as important, as financial mentality often determines our attitude toward money and how we treat it. Remembering that every dollar counts In the moment, one of the biggest struggles that people have with their finances is losing sight of the big picture. This largely is a result […] Read more »