THE GROWING RICH

Posts filed under: Personal Finance

Personal Finance

MASTERING THE FINANCIAL CHESSBOARD: ASSETS, LIABILITIES AND FINANCIAL INDEPENDENCE

In the game of personal finance, understanding the pieces on the board is key to mastering the game. Assets and liabilities are like rooks and knights, essential players that can... Read More

DIVERSIFICATION

INTRODUCTION Diversification is often touted as one of the fundamental investing principles, but its true significance goes beyond mere rhetoric. In a world of financial intricacies and ever-changing markets, the... Read More

IS DEBT A KILLER OF WEALTH??

DEBT. Ugh. Just the word evokes feelings like stress, anxiety, shame, fear, etc. But what if I told you debt doesn’t have to be an enemy? It can act like... Read More

MAKE MONEY WORK FOR YOU – MAGIC OF COMPOUNDING

INTRODUCTION “Compounding” is one of the most important concepts when it comes to investing or personal finance, and it is accessible to everyone. Compounding is your money generating more money... Read More

ASSET CLASSES – FROM STOCKS TO CRYPTOCURRENCY

INTRODUCTION TO ASSET CLASSES One of the most essential financial goals for anybody is “building wealth.” There could be various reasons why people want to build wealth. Depending on their... Read More

INVESTING

The landscape of “investing” can be a daunting and scary prospect to many novice investors. But I’m about to drop a bomb…it doesn’t need to be. It can be really... Read More

FIRE AND REMOTE WORK

How many times have you caught yourself stressing or talking to yourself about your job security or your future? Are you getting fired when issues are being faced by the... Read More

EMERGENCY FUND

WHAT IS AN EMERGENCY FUND? An emergency fund is a pool of cash or liquid money that is set aside when life hits you with unforeseen events like medical expenses,... Read More

BUDGETING

TABLE OF CONTENTS WHAT IS BUDGETING? According to Wikipedia, a “budget” is a financial plan for a defined period, often one year. It includes costs and expenses, revenues, assets, liabilities,... Read More

PASSIVE INCOME

WHAT IS PASSIVE INCOME? Passive income is any income you earn in a way with little or no daily effort. Something that earns you money without a 9-5 job is... Read More