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 Finance. I didn't have much money then, so it was easy … [Read more...] about Personal Finance Advice: Simple Rules That Will Change Your Life
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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 (excessive lifestyle inflation). It makes saving for … [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 to friends (Monkey didn't get his money back) 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 … [Read more...] about Lending Money to Friends: 3 Real-Life Stories
How I Started Business at the Age of 15
I’ve always been interested in business. When I was 12, I started making and selling custom T-shirts, bracelets and soap, which I mostly sold to my relatives. A couple years later, my dad bought me some business/finance books and I read them all. At that moment, I knew that I would like to start … [Read more...] about How I Started Business at the Age of 15