You may have heard of the “4 percent rule” when it comes to calculating how much you need to retire. It specifies how much money you can “safely” withdraw from your retirement portfolio without reducing your principal (i.e. the withdrawal consists of interest and/or dividends)....
My initial title for this post was “My Financial Mistakes” however I decided to change that because it is not quite fair to call them “mistakes”. I am a believer that without mistakes we cannot truly grow. I made many mistakes earlier in my life...
Budgeting is the art of planning your expenses to achieve some future financial objectives. The most common objectives are retirement saving, emergency fund, car purchase. Home purchase etc. Without a budget it is very difficult to save money long term on our own, however, it...
You may have heard of this thing called “compound interest” and how it is a great tool to build wealth over time. Is it really this powerful? YES it is! Whether people decide to invest in stocks, or mutual funds, or bonds, they are earning...
One of the most talked about personal finance topics is budgeting. So what is budgeting and why is it so important? A budget is a financial plan that takes income and expenses into account and provides estimates for how much you make and spend over...