2020 is shaping up to be a year that shows the power of financial independence. As teenagers, we crave independence. This means we also need to become financially independent from our parents. When we do not depend solely on others for livelihood, we have more control in our lives. This gives us a greater say in how we respond to our environment.
COVID-19 has forced countries into isolation...Read More
Chances are we all have more than one bank account. As the world switches increasingly to being cashless, bank accounts become more important. They are now the new substitute to our traditional wallets.
Depending on your preference, you may have one or many accounts. Choosing suitable accounts is similar to buying wallets that meets your needs. It is important to know what you want and need....Read More
Learning how to trade is increasingly popular as a way of making money. If you have not read our article on the overview of investments and trading, you might wish to look at that first to get the context of today’s discussion.
Today, we are going to look at the benefits and risks of investing versus trading.
At the core of trading/ investing, people earn through this term called...Read More
There are so many lessons that I learn as a business owner.Daily, I am challenged to learn and constantly apply myself in different areas.
It’s been a crazy second quarter of the year as we took part in the City of Canning’s business program, networking with other business owners and being facilitated in all areas of business. The time commitment was intensive, but the sessions...Read More
Building financial resilience is becoming increasingly important. 2020 is turning out to be a year that none of us had expected. There is a lot of uncertainty around when all these will end and go back to ‘normal’. It has also been challenging for individuals to figure out a new way of living. Studies have shown how COVID-19 has impacted our finances.
As spending patterns change, this has...Read More
As I write this, half of 2020 has gone and most of us spent the first half of the year dealing with the curve-ball of figuring out how to deal with the pandemic.
Now that countries are slowly opening back up, we are all trying to determine how to get our lives back to ‘normal’. During this period, some of us got more present to how lives can be reset. Others, like me, have formed...Read More
Many teenagers and young adults are now exploring trading as another way to earn money. It’s thus imperative that they know how to trade and what it is. It was heartbreaking to read the news of Alexander E. Kearns’s suicide! Imagine feeling you had to take your life because of $730,000 in debts. Worst, this was a temporary balance before settlement. Subsequent revelations...Read More
As our children grow into teenagers, they desire more independence. Some start looking for part-time work as a way to expand their income. This is a great opportunity for parents to coach and guide children into how to earn money more effectively.
1) Getting A Job
Most of us earn income by getting a job. From young, children may have learnt to exchange effort for money by being paid to...Read More
Teaching kids about money is challenging. We often learn how to teach the value of money by observing our parents, through collective wisdom on social media and having conversations with our children when opportunities arise. This means that children do not get a holistic and complete view about how to manage money. Their learning is limited by what they are exposed to. After talking to...Read More
