Your guide to Financial wealth
Resource pooling as a means of risk mitigation is a concept that is often implemented in financial and insurance industries. It is based on people or organisations pooling together their resources in order to share and reduce risk. That is, this architecture ensures that the economic payoff of an out…
Financial freedom isn’t just about having abundant wealth—it’s about having control over your finances to live the life you desire. However, fear often stands in the way. Also, the reduction in these access barriers is further helped by the absence of failure, uncertainty, or the dread of a past economic…
Inflation is a sneaky process, in which the purchasing power of money is slowly destroyed. When your purchasing power is lower, i.e., the top line from an economic perspective in order to grow assets more rapidly than inflation is accepted to agree to. Putting your money to work is no…
Financial fragility is one of those phenomena which one can foretell, and thus postpone the preparation of a plan for wealth creation by delaying action on building wealth, and action on dealing with fragility. This anxiety can be easily explained by uncertainty, lack of information, and financial knowledge. However, if…
Financial readiness is a cornerstone of stability in a today’s rapidly changing world. Accumulation of a savings buffer enables us to cope with life unexpected events (e.g., diseases and job loss). However, what will be the amount of money you should save for your future? Let’s break it down step…
Life is full of unforeseen expenses—from medical emergencies or work force disruptions to the mishap of an unplanned home repair—these unplanned expense can take the sheen off the best of financial plans. This is where an emergency fund comes in. It’s a financial liquidity valve against insolvency by avoiding interest…