Personal finance is not rocket science. It's actually straightforward, but many people get it wrong because it's not something that you learn early in school. My first encounter with personal finance was at university when I studied BSc in … [Read more...] about Personal Finance Advice: Simple Rules That Will Change Your Life
Personal Finance
How to Lose $150K in One Week in the Stock Market
In December 2019 a friend of mine started shorting S&P 500 by buying put options (he had no previous experience with options trading). In other words, he was betting that the US stock market will go down. He believed that COVID-19 will spread … [Read more...] about How to Lose $150K in One Week in the Stock Market
Emergency Fund in Financial Crisis
Coronavirus is a perfect example of why we should have an emergency fund. For those who don’t have an emergency fund, this will be a painful lesson. In a booming economy, it is not exciting to talk about emergency funds. We would much rather … [Read more...] about Emergency Fund in Financial Crisis
Lifestyle Inflation: More Money, More Problems
What Is Lifestyle Inflation? Lifestyle inflation is when you increase your spending as your income goes up. In itself, lifestyle inflation is not a problem, but it becomes one when you increase your spending too fast relative to your income … [Read more...] about Lifestyle Inflation: More Money, More Problems
Lending Money to Friends: 3 Real-Life Stories
What You Should Consider When Lending Money to Friends Lending money always has a risk. Once you lend your money, there is no guarantee that you will be paid back. The stakes are even higher when lending money to friends or family members - not … [Read more...] about Lending Money to Friends: 3 Real-Life Stories