That’s a Yotta cash: The risk-free, lottery-based savings account

Saving cash is an important part of your financial planning. While “cash is trash” and similar headlines are spreading, having cash set aside is important for an emergency or making a big purchase soon. The reason why “cash is trash” has been going around is for two reasons: (1) interest rates on borrowing money is near record lows, and (2) the return on investing in … Continue reading That’s a Yotta cash: The risk-free, lottery-based savings account

The cliché of ‘Believe and you can achieve’

Clichés are expressions that become so overused that they lose their original meaning so much so that they can become a mockery of the original, meaningful idea. However, these clichés often carry truth to them, but we ignore that truth because of how many times you hear it. I felt like this about “believe and you can achieve,” until I Read Napoleon Hill’s “Think and … Continue reading The cliché of ‘Believe and you can achieve’

Finance 102 – Budgets: How to master your personal finances

You Need a Budget – “Failing to Plan is Planning to Fail“ Everyone needs a budget, regardless of their income. Some common myths are: (1) only those people barely making ends meet needs a budget; (2) budgets are restricting; or (3) I’ve tried budgeting and it does not work for me. However, these are myths. (1) Wealthy people budget. More importantly, budgeting helped them get … Continue reading Finance 102 – Budgets: How to master your personal finances