Financial planning is essential; whether you are a student struggling with student loans or the CEO of a high-profile company. Financial planning covers an extensive array of money topics including budgeting, everyday expenditure, debt, saving, retirement, and insurance among others. Here’s what you need to know about Financial Planning 101: Budgeting: This is one of the most vital basics of personal finance. At the very fundamental level of personal finance, you're dealing with a budget; you make money to spend that amount. Of course, not everyone makes a detailed weekly or monthly budget. Sometimes it is just the amount that needs to be spent for the week scribbled on a scrap of paper and stuck to the fridge. Creating a budget will make you realize how much
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Money is a resource that is non-exhaustible. And everyone wants to save up money, whether it is to spend in the future or invest in something that would give them sizeable returns. Although saving isn’t a habit that is generally practiced, especially by the younger generation, knowing the ins and outs of financial literacy are essential for a comfortable future. So the sooner you start saving the better. Whatever the amount of your income is, save a part of it every time you get your paycheck. In fact, if you spend everything of what you earn, then you are poorer than the person who earns a lesser amount than you. With what you can afford Living and sustaining your lifestyle with what you can afford is important. Often
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Technology is the one of the powerful tools that is ruling the world right now. The world is witnessing a lot of technologies right now. Few technologies are useful and are accepted by everyone and there are a few technologies that have faced initial rejection but are termed as landmark developments in the history of technological innovations. These technologies have changed the lives of the people in the world. Yes we are talking about cryptocurrency or Bitcoins which have been designed to change the way we conduct our businesses. Transactional global currency Currently, Bitcoin which is a cryptocurrency has increasingly gained lot fame as a transactional global currency. Since the currency is decentralized, it is very different from the conventional currencies that people are using since time
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Since childhood, we are taught that only hard work gets us ahead in life. But that’s not the complete truth. For getting rich, only hard work won’t suffice. In order to ensure future wealth, one must equally work ‘Smart’ too. Apart from this, there are many other things that you are doing wrong which is pulling you far from your financial goal. Moreover, most of the people think that being rich is a privilege that is granted only to lucky people. There is no truth in the previous sentence, as everyone has the right to become rich if he/she starts thinking big. Here are few signals that will help you steer clear from the financial disasters and ensure you become rich in future: Signal 1 – Focusing more
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