Personal Finance

Why Rewarding Yourself Is Important

John Maxwell once said: “Everybody wants money, yet seldom will anyone budget or control their spending.” Setting financial goals is an easy task! Reaching these goals is another story. You may intend to purchase your first designer bag or to go back to school this year, but you are still building your funds for it. Moreover, you may have set some financial goals that are harder than you anticipated. Putting these goals into action is the first hurdle that you

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Lifestyle

How To Make A Financial Vision Board

Consumed by the demands of your daily life, it is easy to lose track of the bigger picture. What are your financial goals? What are your dreams made of? A simple representation of all your hopes, dreams, and goals is a Vision Board. A Vision Board helps you to clarify your financial goals to enable you to achieve them. Its mechanism is powered by the idea that if we put our desires out there, the universe will be able to

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Lifestyle

Boost Your Financial Life By Creating A Reverse Bucket List

Whether you want to lead a simple life or an extravagant one, having financial goals gives you direction. It steers your focus on the things that you want to achieve at a particular time-frame. It has the power to make you more hopeful about the future. However, having financial goals may not work for everyone. You see, others can get frustrated upon seeing the milestones that they have not achieved yet. Do not worry! There is a solution. Look at

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Investments

What On Earth Is Goal-Based Investing?

First and foremost, we must define what traditional investing is. Traditional asset allocation optimizes the structure of a portfolio based on a generalized approach. Although it typically suits the needs of the institutional investors, it is not necessarily adapted to suit the needs of a private investor. A private investor, such as yourself, tends to create different portfolios corresponding to different needs. On the other hand, goal-based investing is a relatively new approach in investing where the end justifies the

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Savings

How Much Cash Should You Keep In The Bank?

You are a responsible adult living in the most expensive city in the world. With this in mind, how much money should you have in your savings account? This may sound like a basic financial query, but it is hard to extract a straight answer from it. Make things simple by aligning your goals with the volume of your savings. Here are just some goals that you may tap with: GOAL #1: BUILDING A SAFE NEST FOR THE GOLDEN YEARS

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