Tag Archives: Personal Finance

While you may not end up being the next Bill Gates or Jeff Bezos, (but, nevertheless, who says that you can’t?) it is indeed possible for you to become wealthy if a few simple habits are followed. Many have wondered how successful people do it, so the ideas below indicate some (not all though) habits which turn as pointers for you to get started on your way to financial freedom. Set Your Goals and TargetsWhile this may not sound like the ideal first thing to do, the only way that you are...

Strange as it may seem, the Boston Celtics star Jayson Tatum indicated that he has been saving 100% of his salary since joining the team. This season, $7.8 million is a sum that he will get. And according to him, he saves all of it and lives off his endorsement deals which include Honey Dew Donuts, Gatorade, and Imo’s Pizza. With the experiences of not having money when he was growing up, Jayson had his mother serving as a primary motivation who also encouraged him to develop prudent habits...

Amazon CEO Jeff Bezos, one of the world’s richest man, has been criticized once again for not doing enough with tax payments. The CEO announced a $98.5 million donation to 32 different organizations in an effort to tackle homelessness and also improve the quality of education in low-income communities, as part of his Bezos Day One Fund. Even though Bezos has also been criticized for also not doing enough with philanthropy, this recent donation didn’t do much to calm one of his most outspoken...

If you are like everyone else on planet earth, you have an aversion to debt. Unfortunately, the average individual has some whether it is a car loan, mortgage or other. Truth be told, not many people can afford to pay for a home, car or college with cash.Undoubtedly, you have an interest in lowering your debt as much as possible. If you have recently given this some thought, you have likely come to the realization it’s a lot more difficult to eliminate debt than you would have imagined....

Money is easily the world’s most common universal language even when all of the various currency denominations are considered. This is the major reason pretty much everyone strives to earn and continues to do so consistently. Because it’s not the easiest thing to do, people who seem to have gotten the hang of it usually make headlines because they have basically cracked something only a few people have been able to. We look at one of such people who have not only found impressive channels of...

A global leader in securing crypto assets and one of the most popular hardware wallets Ledger has decided to lure investors to custody their digital assets using its wallet. To achieve this goal, Ledger has partnered with a famous insurance broker Marsh that will help in securing insurance.Marsh has already arranged a $150 million insurance policy from Lloyd’s through Arch, its London-based syndicate. This sum will be used to custody various types of cryptocurrencies for users of the Ledger...

Photo: Unsplash2018 was generally not the best year for some of the world’s richest people. Even with all of the effort put in by the mega-rich, the cumulative worth of these billionaires lost more than a pound last year. Regardless, the five years which led up to 2018 is easily commendable as both the total number and wealth all increased. A new report from Swiss multinational investment bank and financial services company UBS Group AG, has shown that there are now 2,101...

A recent study carried out by Genesis Mining revealed some interesting details that would shock you too, except of course you already knew the answers. The study was conducted by the digital currency firm to gauge the level of knowledge US Citizens have about the Dollar, the world’s current ‘reserve currency.’The U.S. Dollar was backed by gold until 1971, a fact that has seemed to only make it into the knowledge-trivia of most people half-baked. According to the study, a significant number of...

eToro, one of the world’s most popular trade and investment platforms, has unveiled a new feature that is now available to customers in the U.S. and is called CopyTrading. The new feature was created to make trade and investment decisions very easy or even completely remove the need to make them. CopyTrading allows eToro’s customers to mimic investments moves made by some of the most popular and most trusted traders with this mimicry done automatically without any active moves from the...

The fact remains that you will still need a well-cushioned portfolio and follow some very basic rules about your earnings and spending to be comfortable. According to Stephen Fry, who is a certified financial planner and founder Safe Landing Financial, using a Monte-Carlo simulation, which is one of the most mathematically accurate ways of determination of financial outputs a tax-deductible account with inflows of a $100,000 a year or $65,000 per year in dividends, would do the trick quite...