Category: Financial Independence
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Are there secure alternatives to the money market?
The onset of the pandemic and the resultant crash of money market rates have made many money markets investors seek an alternative safe-haven for their money. There is nothing wrong with reshuffling your investment portfolio if the returns fall below your benchmark projections. That becomes critical if a sizeable proportion of your income comes from…
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Preparing your Teens to make the best financial decisions
If I had been asked what it meant to be financially responsible years ago, I would have thrown up my hands in discouragement. Growing up in a family where the discussion of money was the white elephant in the room. I never realized how much or how little we had. I had no appreciation for…
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Are you ready for the next decade?
The decade 2010 – 2019 makes its way into the history books, ushering in the year 2020, which marks the beginning of a new decade that will come to be known as the Twenties. Ten years have come and gone, almost in the twinkling of an eye. The year 2020 once seemed to be so…
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How to identify and avoid financial scams and bubbles
One of Webster’s online dictionary definitions of a bubble is ‘a thin film of liquid inflated with air or gas’. You see a solid and attractive round object, you reach for it and by the time you get your hands around it, the bubble bursts. There is nothing inside – a hollow filled with air.…
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What happens to your loved ones when you’re gone?
We seem to think death only happens to other people or other families. I felt so too until about two decades ago. In 16 years, I lost both my parents and a sibling. It finally dawned on me that I was not so special, I too will leave this planet one day. Someone I knew…
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Quit your job before you get fired
Every job has an expiry date. No job lasts forever. Common sense demands you should be ready to be on your tenure (which is not under your control) expires. That means you should be ready to go before you are asked to go. I am not suggesting you quit your job. I am suggesting you…
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Control your expenses, control your financial your future
We are all fascinated about the future. Many consult prophets to have a sneak peek at the future. You don’t need a prophet to see your financial future. You have enough data to do that by yourself. Just look at the way you spend money, how you control your expenses.
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Money is not for spending
Many folks have the mindset that money is for spending. Consequently, the only thing they know how to do when it comes to money is to spend it. Hence they spend their way into financial bondage, living perpetually under financial pressure and being forced to work for money.
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You cannot solve everyone’s financial problems
If you are kind-hearted, chances are you are carrying around a burden of guilt thinking you are supposed to solve the financial problems of everyone around you. If you are the most well-to-do in your family, you feel you have to say ‘yes’ to every demand for money from family members.
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What to do if you fall behind on your taxes
By Mindy Laughton Taxes can be a very difficult time of the year. Your business taxes can be more complex to file than your personal income taxes. Unfortunately, there are several circumstances throughout the year that can cause you to be late filing your taxes or not filing at all. The IRS doesn’t have any…