Financial wellness is an ongoing game, which means you regularly need to pause and check in on your accounts to see how things are going. One way to do this is by assessing your net worth. But what does net worth mean? Understanding this is key to understanding your current state of financial health […]
What Does Net Worth Mean and How Do You Calculate It? Read More »
Many people desire to buy a house because they think of it as a good investment. A house can be a useful tool as you seek to build wealth. However, there is some discussion around whether a house is an asset or not. Of course, there is nothing wrong with buying a house. But is
Is a House an Asset or a Liability? Read More »
Rich vs. Wealthy – is it the same thing? Well, according to Robert Kiyosaki, “there is a difference between the two: The rich have lots of money but the wealthy don’t worry about money.” The two words might sound like synonyms, however, they are completely different. It’s difficult to spot the difference, however, being rich and being wealthy is not
Rich vs Wealthy: Why It’s Better To Be Wealthy Read More »
What is the 50/30/20 rule? The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, in a simple and sustainable way. The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50 percent of the earnings after-tax should be used towards necessities.
The 50/30/20 Rule: How to Save More, and Spend Less Read More »
