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,...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
We want more independence as we grow from children into teenagers. Some of us start looking for part-time work as a way to increase income. Straddling between life as a child and as an adult, we then need to learn the different ways to earn money as a teenager. Not learning this in school, this is often an art as we trial and error to figure it out. Here are some ideas:
1) Getting A Job
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
I recently interviewed two mothers who had contrasting views on the idea of paying their children to do household chores. Both were right in their views – the one who refused to pay wanted her children to learn to help out with housework as a form of contributing to the family without the expectation of being rewarded financially. On the other hand, the other wanted her children to...Read More
We did a recent survey where surprisingly all parents unanimously shared a view that successful parenting is having their children grow up healthy and respectful. Interestingly, academic success was not a priority. Although, it was mentioned in passing as a means to ensuring that the child grew up to have enough. With the resounding mention given to respect, we thought we will flash this out...Read More