Insurance has become a necessity in the past couple of years. From our natural tendency towards living dangerously to the latest global health crisis—people of all ages, genders, and backgrounds are starting to realize that having some type of insurance might be a smart idea in the long run. This does not only apply to…Continue reading5 Types of Insurance and Why You Need to Get Them
Not that we need constant reminding, but the ugly truth is—death is inevitable. Have you asked yourself how your family would move forward after your death? Maybe not so much for the carefree young adults. But for parents and breadwinners, it’s one of their unspoken worries. In financial planning basics, getting life insurance is the…Continue reading11 Types of Life Insurance Policies
Uncertainties and unfortunate events are just around the corner. Rather than get blindsided by the circumstances, it’s wise to be proactive by getting an insurance plan. What is insurance? To put it simply, insurance is a risk management tool that protects you from financial loss. But what is it really for and how does insurance…Continue readingIntroduction to Insurance
Financial planning is a broad term touching all areas and stages of your personal life as long as money is involved—from your needs to your wants. This includes different aspects such as accumulating income streams, budgeting, debt management, savings, insurance, retirement planning, investments, and estate planning and distribution. Hiring a financial planner is convenient but…Continue reading13 Basic Steps to Successful Financial Planning
Are money market accounts beneficial? Much like any other type of account, the most important thing is that you earn interest over time, which brings more money into it as a type of reward for resisting temptation and not withdrawing during a certain period of time. Money market accounts are specific types of accounts that…Continue readingHow Money Market Accounts Differ From Savings Accounts and Certificates of Deposit
Financial literacy is uncommon even in one of the richest countries in the world, considering that only 35% of American families have investments other than 401(k)—according to a 2019 survey by Pew Research Center. Most aspiring investors, who weren’t taught about money management within the household, are left with self-education through books authored by successful…Continue reading5 Must-Read Books for Investors of All Ages
Lately, the stock market has become increasingly appealing to investors of all ages and backgrounds. Though things seem quite risky here, especially compared to other market sections, there is just something that evokes the interest of the clients. The key feature that distinguishes this trading activity from others is, you can receive benefits and priorities…Continue readingDifferent Trading Strategies: Day vs Position vs Swing vs Scalping
Every time you get a loan for personal, auto, or business needs, a mortgage for your house, or even a credit card, your credit score is checked. Be it with your bank or any financing institution or credit card company, your credit score influences whether you can successfully secure financing, how much the limit would…Continue readingAll About Credit Scores
In recent years, banks have become an essential part of people’s finances. Whether you want to admit it or not, having a bank is crucial regardless of what your goal is—from simply receiving your paycheck and setting up a savings account to creating a solid retirement plan for the future. So the question imposes itself—how…Continue readingChoosing the Right Bank
If you have a few extra cash you don’t need right at this moment, then you probably should have a savings account. However, finding a bank or an equivalent financial institution to look after your money may be quite intimidating. With a lot of options available, it could also get confusing. Don’t worry, you’ve come…Continue readingHow Savings Accounts Work