Scientists have said that mathematics is the language of the universe. Still, it seems that most people have yet to master it here on Earth. Take financial literacy for example. Financial literacy is the basic skill needed to manage personal finance. About two-thirds of Americans can’t answer basic finance questions. Consider: You take out a $1000 loan at 20% interest.
Benjamin Franklin once said that if you want to truly appreciate the value of money, try borrowing some. Today, that is easier said than done for many reasons. For one thing, after the global financial crisis of 2008, most financial institutions began severely limiting their risks with personal loans. That why some invest in peer to peer lending. Almost 20
There is an old saying about want: once you stop obsessing about wanting something, you probably get it sometime afterwards. Most people just want to be rich. It takes more than want. You must be a prodigious accumulator of wealth as opposed to being an under accumulator of wealth. There is even a formula that can help you assess your
People usually say, “that’s easier said than done,” when they want something, but don’t want to sacrifice to get it. It takes time and the appropriate mindset relative to responsible personal finance to become wealthy. Over 26% of Americans are confident they they’ll become wealthy one day – they just don’t know how exactly. And, they’ve done absolutely nothing to
What comes to mind when you hear the word, “millionaire?” Do you think of working-class people vying to win $1 million on a game show? Or, of rich people in mansions breaking open Faberge eggs for breakfast? Well, achieving wealth isn’t about money, its about your mindset regarding money. That is the point of the 1997 book The Millionaire Next
You may not be able to predict when disaster strikes, but you can safely assume it will eventually. From a broken window to a broken bone, life is full of surprises, and they usually come with costly bills. An emergency fund can help you take on these unexpected expenses faster and with less stress. But what is it exactly and