Financial Wisely

The 50/30/20 Rule splits expenses into just three categories and o rganizes spending into need, wants and goals. If you're looking for a stress-free way to manage your money, the rule is a great place to start. It's easy to remember and works for almost any income level. 50% - Needs: Half of your income should go to essentials - expenses you can't avoid. These include; Rent or mortgage Utilities (electricity, water, internet) Groceries Health Insurance and medications Transportation (car payments, gas, public transit) 30% - Wants Things that make life enjoyable, but aren't strictly necessary: Dining out Subscriptions (Netflix & Spotify) Travel and Vacations Shopping ( clothes, gadgets) Hobbies and entertainment 20% - Savings and Debt Repayment Secures your future and reduces financial stress: Emergency fund Retirement savings (401k) Paying off credit card debts or loans Investing This rule isn't one-size-fits-all, but it's a great starting point especially f...

  As for Financial Wisdom, it evolves over time as your life situation, income, and goals change. IN YOUR 20s:  Foundation and Habits: In your 20s, they are the best time to change your mindset and they all about setting the tone for your lifelong health because it's less about having it all figured out and more about establishing habits that'll serve you well later. Focus on learn, save and stay flexible and Live below your means and Invest the difference. Budgeting is everything Emergency Fund Start Budgeting early Start Investing Early Limit debt Build credit wisely Learn about money Live below your means Don't stress perfection "Start small, but start smart" IN YOUR 30s: Growth & Responsibility: In your 30s, is typically a decade of growth-career, family, and financial goals begin to crystallize. Increase your savings rate  Get serious about retirement Protect your Income Start investing with purpose Have money conversations Create or revise your will This...

  What is Financial Minimalism? T he practice of simplifying your financial life so you can focus on what truly matters, and is also a mindset and lifestyle that centers around simplifying your finances and aligning your spending with what truly matters to you.  Instead of chasing more money, more things, more status, you focus on enough. You prioritize freedom over fancy, time over things, and peace over pressure.                                 "Spend of what truly matters, cut out the rest" Key Principles: Spend Intentionally: Ask: does this purchase align with my goals or bring joy? Simplify your financial life: less chaos, less worry, more control Living below your means: not in a restrictive way, but in a freeing one. Focusing on quality, not quantity: Focus on value, not price. cutting the financial clutter:  cancel unused subscriptions. Avoid impulse buys.  know your enough: ...

For those of you are interested of making Business or you already know how to make one. Here's are recent trends that you should know of what's going on in today's world. 1. Global Stock Markets Rebound Amid Trade Negotiation Hopes Global financial markets rebounded during Tuesday trading amid hopes that some US trading partners will be able to strike trade deals to avoid the full force of US President Donald Trump’s tariff plans.  Global Stock Markets Rebound Amid Trade Negotiation Hopes 2. U.S companies maintain Ties with China Amid Geopolitical Tensions A report reveals that approximately 70% of American companies plan to maintain or expand their presence in China.  U.S companies maintain ties with China Amid Geopolitical Tensions 3. Global Chip Shortage Continues to Impact Industries The pandemic has exacerbated the global shortage of semiconductor chips, affecting the various industries, including automotive and consumer electronics.  Global Chip Shortage Continues t...

If you're interested of seeking insights into the financial landscape, We'll be exploring the emerging trends that are shaping the industry, there are interesting trends that are affecting the global economy. 1. Expansion of Digital and Central Bank Digital Currencies (CBDCs) Digital payment platforms are getting prominence, and many countries are exploring or implementing CBDCs to enhance payment efficiency and financial inclusion. It's reshaping the traditional banking system and influencing monetary policies globally.  Expansion of Digital and Central Bank Digital Currencies 2. Surge in Sustainable and ESG Investing Environmental, Social and Governance (ESG) factors are becoming central to investments strategies. Investors are increasingly seeking companies committed to sustainable practices, prompting financial institutions to offer green bonds, and ESG-focused funds.  Surge in Sustainable and ESG Investing 3. Growth of Decentralized Finance (DeFi) DeFi platforms are di...

"Don't work for money, let the money work for you"  - Robert Kiyosaki If you want to grow wealth, you need to make money working for you instead of working for money cause it will help you leveraging your income and investments to generate additional wealth. In case you need to ask, let me explain what's the meaning of it: "Let the money work for you" means of using your money to generate more wealth and achieving financial goals and taking advantages of opportunities for your money to grow. This quote come from the best-selling personal finance book of all time. "Rich Dad, Poor Dad" by Robert Kiyosaki.  This can be a great strategy for you, but with the right ones, you can make your money work harder you allowing you to achieve on building wealth over time and financial independence.  The book "Poor Dad, Rich Dad" is a fundamental shift in mindset, as Robert Kiyosaki uses the perspectives of two dads: His biological dad (poor dad) and hi...