Sometimes we become overly focused on the general idea of something and forget about the little details that could “make or break” it. This applies absolutely to our finances. It’s undoubtedly tempting to continuously improve our financial standing – either by adding...
Financial Planning
Different types of life insurance and how they protect you
The basic reason for having life insurance is the promise that your loved ones will be protected financially in the event of your premature death. There are many types of life insurance, and all of them can protect your family or loved ones, but they differ in a...
Digital Will vs. Traditional Will
Why do we need a Will? The primary reason people around the globe prepare wills is to protect their digital and financial assets by specifying how their inheritance will be distributed. Testators can specify as beneficiaries their loved ones, as well as other people,...
3 important steps in your financial planning
Many people these days do not see the value of financial planning and the impact it might have on their life. Everybody has some financial goals, some dreams about the future, such as having a nice big house with an enormous garden and a swimming pool or driving a...
5 important things you need to know about life insurance
Life is a mystery. Many unexpected events, both good and bad, can occur at any time of our lives. Unfortunately, we cannot predict those events, we can only prepare for the worst and hope for the best. Life insurance is a contract between a person and a life...
How to develop financial maturity
Many of our skills and qualities do not come at birth but must be nurtured and developed. At school, we are often taught math, literature, good presentation skills, and so on. When we finish our education and step into our careers, the environment and the colleagues...
How to Win at Retirement Savings
Why retirement savings? Many people dream of retiring with peace of mind, financial independence, or at least a level of financial security and freedom. This is not just some random or selfish goal. Usually, when people reach a certain age, their income levels start...
From what age should you start financial planning?
What exactly is financial planning? You’ve probably heard the term "financial planning" a lot, but do you know what it means? It has two key aspects – one related to companies and other legal entities and the other applicable to individuals. Financial planning is...
5 unusual signs that you are financially independent
We’ve all seen the myriad of articles that proclaim more or less that you are financially independent if you have income by which you can sustain your quality of life even if you stop working. In other words, if you have enough passive income that doesn’t depend on...
The #1 financial planning risk you might be overlooking
Financial planning In personal finance, almost everyone understands financial planning as an overall plan for how to achieve certain financial goals. The plan might include using various financial tools such as investing in stock markets, buying company stocks through...