Building wealth can take decades. But, sometimes preserving that wealth for your children and grandchildren can be also even more difficult. Many wealthy families focus more on wealth creation, by investing, business growth, real estate and building a large investment portfolio. However, often not enough time is devoted to preparing the next generation to manage … Read more
Many people believe the simple formula for saving more money is to earn more, spend less, or invest better. However, the problem isn’t always your income. The real issue lies in those small financial leaks that quietly drain your money month after month without you even noticing. Let’s see with an example of Allison and … Read more
There is a huge possibility that any two families have a net worth of $1 million dollars, but yet their financial lives could be completely different. One family might own a huge house, expensive cars, boat and luxury items. From outside they may appear wealthy. While another family might lives in small house, drive an … Read more
Many people believe that more income means automatically a better financial life. If any person earning rises from $50,000 to $100,000, then to $150,000, and eventually to $300,000, then naturally it seem like as their financial stress should disappear. But in real life, it isn’t always happens. A person earning six times more income might … Read more
Money is also one of the most important part of a relationship, but most of the couple avoid talking openly about it. They discuss about the holidays, career, house and future plans, but the important financial topics remain undiscussed. A couple may have a good income, yet if there is a lack of clear financial … Read more
Many people thinks a Health Savings Account (HSA) to be just a simple healthcare account, but it can be use to pay prescription medicines, doctor visits, dental expenses and other qualified medical expenses. But in reality, HSA isn’t just only an account for paying medical bills. If it is used properly, then HSA can also … Read more
Many people assumes that to improve their financial life is to earn more money. That’s why many people do second job, start doing side hustle, work for delivery apps, or put in extra hours after office work. But earning more money is just a part of financial success. If your spending keeps rising along with … Read more
The society think that if someone is earning good salary, then automatically they are financially successful. By seeing the six-figure income, luxury car, expensive home, international vacations and premium memberships might lead to anyone think that he has a lot of money. But the high income doesn’t always means financial security. A person might earn … Read more
Most of the people see their wealth in term of net worth, investments, stocks, property and retirement savings, but the financial health is a another important part that people often overlook as cash and liquidity. Imagine two people having a net worth of $300,000 wealth. On paper, both have the same financial situation but one … Read more
Making money in stock market is not that tough as people think. The only problem is to maintain the discipline. Most of the investor lose not because they lack knowledge, but because they keep chasing the big next thing like one day AI, next day Crypto and third day EVs. To follow each and every … Read more