LATEST UPDATES
Home / Finance

Finance

Diversify

A lot has changed in our world in such a short time. Marketers are not as popular repeating the mantra to invest and diversify. But is there value in the statement?It was/is typically applied to the stock market. If you keep all your investments in the banking sector, a central …

Read More »

Financial Goals

Do you have goals?Some time ago, I was looking for the definition of success. I was just a couple of years out of the university and the focus was inadvertently more on the trappings of success. In conversations, I would say that success had to be defined by each person.Then …

Read More »

OverGiving

Overgiving? Is there something like that?Many years ago I got a job out of town and had to move in with a family. I was very comfortable and at home. One month, I ran out of money and had to borrow from my aunt. She obliged and in a matter …

Read More »

Cutting Costs

At work, at home, and in the country, there are talks about cutting costs to ensure sustainability. Prices are rising faster than income, and to keep up, some things have to go. How do we identify the things that can go?In the book All Your Worth, the Warrens recommend that …

Read More »

Emergency Funds

We are advised to keep some money for emergencies. The recommendation is that we should have 3-6 months’ living expenses kept away. Of course, that’s after we are able to take care of today’s needs.What emergencies? Medical emergencies, job losses, national economic downturns, etc. Emergency funds are different from savings …

Read More »

Financial Priorities

Economics is studied because there are not enough resources to go round.After we have defined what we mean by resources and what quantities are sufficient we always have to prioritize to determine what comes first, what comes next, what comes last and what could be easily forgone. We certainly already …

Read More »

Quick Wins

Winning is fun for everyone. When you win, you want to go further whether in class, at home, on the job or even at doing the wrong things. In our financial journeys, we need to set easy wins along the path. They will encourage us to keep going. If you …

Read More »

In The Long Run

I recently published a book: In The Long Run. It is about a phase of life that almost everyone is going to arrive at: Retirement. Let us look at it as the top of a high mountain which we aspire to climb. At the base of the mountain, everything is …

Read More »

F.I.R.E. Movement

Everyone desires the freedom to do what they like when they like and how they like it. That’s one thing that makes retirement kind of attractive. Yet, financial demands keep coming, and they have to be met. It typically takes so long to arrange your finances to the point where …

Read More »

Building Capacity

A friend and I were reminiscing about school days when we used to do well over 50 push-ups a day. Then we grew up! We stopped the good discipline as life got busy. Then as life got busier, the need for exercising got more attention. So we thought to go …

Read More »