Finance And Insurance Blog

Photo by Daniel Thomas on Unsplash Now, I don’t always talk about loans as I personally don’t really like loans. However, there are some things that are worth getting loans for like buying properties, as long as you know how to make it profitable. Nonetheless, loan is one topic that I think I should talk about considering how loans basically run in the blood of the world. Loans are a way to borrow money to finance purchases or investments that you might not be able to afford outright. There are many different types of loans available, each with its own set of advantages and disadvantages. Understanding the pros and cons of different types of loans can help you make informed decisions about borrowing money. That aside, generally loans are just bad. Then you evaluate which loan is better. This is how you can be more educated on when to get loans. One thing for sure is if it is a liability, don’t ever get a loan for it if it is just to satisfy your wants. So, in this article I will go ...

  Photo by Kevin Loesch on Unsplash This article is going to be about investing. As I am in the line of job where I meet a lot of people, I started to pick up how the younger millennials are starting to do their own investing with abundant information out there. On top of that, the Gen Z labels investing as cryptocurrency = super risky, but a lot of money, like 2 end of extremes. So, let’s talk about investing. Investing can be a great way to grow your wealth and achieve your financial goals, but for beginners, the world of investing can seem daunting and overwhelming. With so many investment options and strategies available, it can be hard to know where to start. In this beginner's guide to investing, we'll cover the basics of investing, including the different types of investments, how to get started, and strategies for building a successful investment portfolio.

  Photo by Towfiqu barbhuiya on Unsplash It is a no-brainer that saving money is a crucial part of building wealth. It is an essential step towards achieving financial freedom and creating a secure financial future. How you do it can determine the results. However, saving money can be challenging, especially when faced with unexpected expenses or the temptation to spend money on non-essential items. This is especially true when people just think that just because you might not live tomorrow, he/she can just go YOLO and spend paycheck by paycheck every month. Conceptually speaking, the idea of “saving money is important” is easily understandable and at the same time, has many layers to it. This is why professionals like us exist. Anyway, in this article, we will explore 15 tips and strategies that I can think of for saving money and building your wealth. Let’s get started! P.S. If you want to know more about money, read The Different Stages Of Money to level up. Otherwise, if y...

  Photo by Sincerely Media on Unsplash Creating a budget and sticking to it is one of the most important financial habits you can develop. A budget helps you understand where your money is going and can help you make informed decisions about spending and saving. However, creating a budget is only the first step – sticking to it can be a challenge. In this article, we’ll explore some practical tips and strategies for creating a budget and sticking to it. P.S. I have preached on budgeting almost on a daily basis to the people who have consulted me or even on my articles. But, well, let’s talk about it in detail because why not.

  Photo by micheile henderson on Unsplash Money is always an exciting topic. Everybody is interested in money one way or another. However, have you ever thought that your money goes through stages as well? Managing your money can be a challenging task, but it's a vital part of achieving financial stability and success. Whether you're just starting out or well into your career, understanding the different stages of a person's money journey can help you make informed decisions and create a financial plan that works for you. Afterall, money is an integral part of our lives, and managing it efficiently is crucial to lead a financially stable life. Speaking of its stages, there are 6 stages of money in general: Making money Saving money Investing money Multiplying money Maintaining money Enjoying money Having a bigger picture of money stages could help in your own planning. Let’s explore each of them!

  Photo by Frugal Flyer on Unsplash Generally you can get a bonus when working for a company. This bonus can be earned either end of year or any other time in the year depending on the start date and end date of your company’s fiscal year. As someone who has put in your hard work, sweat, and time, one would be excited to receive it. However, what do you do with it when you get it? Receiving a bonus from work can be an exciting financial windfall. It’s an excellent opportunity to get ahead with your finances and set yourself up for future success. If you’ve received a bonus, it’s important to use it wisely. As my reader especially, I hope you can make use of your bonus wisely. Afterall, my purpose of writing articles is to help and guide you to be better. ;) So, here are 6 ways to make use of your bonus: Pay off high-interest debt Build up emergency fund Save ahead Invest in your future Invest in yourself Home improvement Let’s get started!

Photo by Patrick Weissenberger on Unsplash Investing in the stock market can be overwhelming for many people, especially when it comes to selecting individual stocks to invest in. I was especially confused as to how many sectors there are. As you read up on some sorts of reports, very often there is a sector name written on top of the company name. This made me wonder how many total sectors there are in investment. Knowing sectors can help in terms of searching for companies that you intend to invest in. It also helps in doing research such as comparing companies of the same sectors to figure out whether the company of interest is actually doing alright or bad as compared to its peers for example. During my initial search, I couldn’t find the exact list somehow, until I chanced upon GICS. There is a classification system that helps categorize stocks into different sectors based on their business activities. This system is called the Global Industry Classification Standard (GICS), whic...