When we live to our last cent, saving seems impossible. We share some strategies for reaching short-term financial goals, the most common reasons people fail to reach these goals and what to do about it.
We tend to assume investing is something rich people do. If you’re not earning much, it can be tempting to put your goals on hold until you’re more liquid. But compounding is not about money. It’s about time.
Thanks to the money-making twins you know that savings protect your money while investments grow your money. Money that you’ll need in the next few months or the next five years, goes to Savings. But you can make find ways to make Savings work a little harder.
You want to keep some of your money safe in case you need it, but you want to put some of your money to work so you can stop working. Deciding how much money should go to investing, and how much to savings, depends on one question: When do you need your money back?
At the heart of all Exchange Traded Funds are businesses operating in their different fields. They make profit and so do we.
There are only four things that can prevent you from achieving financial independence. Luckily they can all be overcome if you understand them, and they are all really easy to understand.
Financial change happens one pay cheque at a time, but there are many things we can do between pay cheques to ensure we are better at our finances from one payday to the next. Consider this your how-to guide for financial discipline.