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Debit Card Vs Credit Card: Which is Better?
What is the difference between a Debit Card and a Credit Card? When you use your debit card to pay for goods and services, the full amount of the transaction is withdrawn from your checking account immediately, providing there is sufficient funds to cover the...
How To Use OPM (Other People’s Money) To Build Wealth?
Many of us use OPM on a daily basis without even realizing it. For instance, each time you go to the store and use your credit card to make a purchase, you are using OPM. When you lease or finance your car, you are using OPM. When you take a mortgage to purchase your...
Why Estate Planning Is Super Important!
What Is Estate Planning? Estate Planning is the process of determining the distribution of your assets upon your death. But proper estate planning also covers the management of your personal affairs in the event of your incapacitation. Only a few people think about...
Managing Your Taxes To Increase Your Cash Flow
Benjamin Franklin said the two things that are most certain in life are death and paying taxes. Everyone must die one day, and everyone who earns money must pay taxes. You don’t have to be a tax expert to know how to reduce the amount of taxes you pay to keep more...
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 Dollar-Cost Averaging Beats Timing The Stock Market?
What Is Dollar-Cost Averaging? Dollar Cost Averaging is a strategy that is used to systematically purchase an amount of stocks or shares of securities products, such as a mutual fund or a portfolio fund, to offset investment risk in a market that is fluctuating. Put...