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Showing posts with the label personal finance

Money rules.

  Money makes the world go round, but will it make you happy? Most people say that money is the root of all evil… This is not actually true. Money, in fact is the reason why we are still alive. We need money to buy food, shelter, water, education, and so on. The uses and benefits of money are endless. Owning lots of money will not make you sinful. The truth is we need money for our survival. But owning tons of money and loving money are two different things. If you are currently enjoying abundant flow of cash - good for you and you probably deserve it if you really worked hard for it. But what will you do with all the extra money is also a moral question that affluent individuals should ask themselves.   Money, like any other assets should be managed properly. It should be earned well and spent well. We should not consider our money as our master. Instead, think of it as our servant. It should not control us, our life, or even our future. Money ...

How to Survive Family Bankruptcy

Image Source: Wikipedia We all want financial stability in our family. We all wish for a stable job, stable income, and enough savings to secure our family’s future. But not all people are fortunate enough to invite financial stability in their lives. In fact, there are millions and millions of individuals who are already exhausting their credit limits of their credit cards, taking cash advances from one credit card to make monthly payments on another, getting calls from collection agents about delinquent accounts, and drawing on their savings to cover daily expenses. If you are in any of these situations you know where you are heading. Financial experts have identified many reasons why people fall in to these situations. Common causes of such are:   -Spending beyond your means.   -Poor management of money and poor financial objectives.   -Resorting to loans for every financial dilemma.   -Compulsive behavior like addiction to vices, drug...