Credibility Is Important
Credibility is important not only to the individuals, but to the corporations and to the country as well. US’s credit ratings are given an AAA because of the confidence that it will be able to repay its debt. People buy…
Category Financial Literacy
Getting Out Of The Bottom Class – Part II
In part 1 of this 2 part-series we talked about scrimping every single cent we can in order to maximise our savings. However, just that alone will not get us out of the bottom class. To get out, we need…
Getting Out Of The Bottom Class – Part I
In every society there is always the bottom class. The family so poor they cannot afford anything decent and the kid who often goes hungry. I have seen people climb up from that situation by themselves as an individual, but…
Education, Housing And Medical
In life there are a few big ticket items we have to pay for should we want to live a decent life. Education to ensure we are knowledgeable and skilled for better employability and higher salaries. Housing, so that we…
Holding Power
Holding power is the ability to hold on to your investments without selling them, and it can greatly impact your investments. Holding power is affected by a few things – amount of borrowed money (leverage) you put in it, how…
The Scam Of Borrowing
In one of my previous articles, I cautioned readers to be wary of lending money to others. Today I am going to talk about the scam which your borrower may trick you into when borrowing and repaying your money. I…
How To Save On Taxes
Taxes, something which all of us have to pay one way or another. From the Goods and Service Tax (GST) or Value-Added Tax (VAT), from personal income tax to corporate tax, how much we pay depends on how much we…
The Flow Of Money
Covid struck the world in December 2019, and from 2020 onwards the whole world sank into a pandemic in which millions died. But instead of fighting the pandemic properly, political agents around the world made use of it to their…
Buy Resources, Not Products
Since ancient times, humans have continually waged war against each other. Numerous attempts have been made to unify the world, although in our modern day context, the world back then probably meant a country (China) or a continent (Europe). Wars…
The Real Cost Of Inflation
One of my favourite PC games was the Massive Multiplayer Online Role Playing Game (MMORPG, or MMO in short) called Perfect World. It is an MMO from China. As with other MMOs, there was a lot of grinding to be…
Stupidity Tax
Stupidity tax is the cost incurred due to one’s ignorance. Ignorance is not bliss. It cost something. Sometimes it is people’s lives, sometimes it is people’s future, and often times in a less serious case it is the extra money…
The Dreams They Sell You
In 1957, Dr. Curt Richter from John Hopkins did an experiment with rats. By placing a few rats in a bucket or jar of water with no way out, he watched how long the rats would last before drowning. Do…