Why Time Is Money?

Why Time Is Money?

Many of us have heard the saying, “Time is money”. But most of us just accepted it and have never really reflected on the meaning of the statement and its truthfulness. The statement “Time is money” can be explained using multiple scenarios in different contexts, but...
Why Bank On Yourself Or Your Family?

Why Bank On Yourself Or Your Family?

What Does “Bank on Yourself ” Mean?  In the book Bank On Yourself by Pamela Yellen, she explains the “Bank On Yourself” concept as buying a whole life insurance policy on yourself, funding the insurance cash value using paid up additions (overfunding the cash value),...
What Is Your Debt-To-Income Ratio?

What Is Your Debt-To-Income Ratio?

One of the biggest contributing factors to the financial issues many face today is debt. People from all income brackets tend to have too much debt, so most of their income goes towards debt servicing instead of towards a higher quality lifestyle. Many six-figure...
Personal Finance Issues You May Face

Personal Finance Issues You May Face

Throughout your lifetime, you may face a variety of personal financial issues. Issues like debt, unemployment, illness, and other unexpected life events can affect you rather harshly. However, if you can set aside time to create a financial plan, usually there are...
Should I Lease or Finance My Next Car?

Should I Lease or Finance My Next Car?

 What does it mean to lease a car? Leasing a car is similar to renting to own a home, the lessee doesn’t own the car and has no equity in it despite the monthly payments. As with renting to own a home, your car lease payment will remain the same for the duration of...
Ins And Outs Of Buying Your First Home!

Ins And Outs Of Buying Your First Home!

Buying Your First Home? If you’re planning on purchasing your first home in the near future, you may have already asked yourself this question. Do I want to buy a resale home or a brand new one? Whether it’s a resale or a new home, there are some things that you...
Inflation: The Silent Money Killer

Inflation: The Silent Money Killer

What is Inflation? I do like Investopedia’s definition of inflation: It is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average...