personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Section 68 Of Income Tax Act-Unexplained Black Money?
Section 68 of Income Tax Act-Unexplained Cash Credit Section 68 of Income Tax Act 1961, states that if any sum is found credited in the books of accounts of an assessee maintained for any previous year, and the assessee could not provide any explanation about the source and nature thereof,
By Arthik Disha5 years ago in Trader
Bad Credit Home Loan Refinance Loan
Usually, the lending institutions who offer a bad credit home loan refinance loan charge a very high rate of interest than the routine loans. It does not assist at all to get a bad credit mortgage re-finance loan but the debtors do not have any other choice left for the pressure of the circumstances.
By Dave Henderson5 years ago in Trader
5 Tips to Manage Your Finances as a Freelancer
If there’s anything that the year 2020 has taught us, it’s that things can take an unpredictable turn. As freelancers, we often live with this fear on a day to day basis: what if my work dries up, what if there’s a disaster that puts me out of work, and, more recently, what if there’s a global pandemic that means I can’t leave the house for months on end?
By Sophia Carey5 years ago in Trader
What is Debt and Types of Debt?
The question “what is debt” might not seem too hard to answer; however, everyone has a different idea of what it means. For instance, do you consider your student loan debt? Someone else might consider student loans a financial investment that they have no problem paying off over the next ten years. Another person would think of it as just another obligation they have to deal with. A mortgage might be included in someone’s calculation of credit owed or they may consider it a way of life. Owning a home rather than renting means there is an investment. A mortgage is often a necessity for most homeowners because they do not have the income to pay for a house in full at the outset.
By Jacob Tracey5 years ago in Trader
What Is Nostro Account-Vostro And Loro Account
What Is Nostro Account- Vostro And Loro Account ⇒Nostro Vostro Loro Account To facilitate ease of doing international trades & businesses banks generally maintain three types of current accounts for the quick transfer of funds in different currencies namely ‘Nostro’, ‘Vostro’ and ‘Loro’.
By Arthik Disha5 years ago in Trader
On the Pursuit of Poverty
I thought the title had a nice ring to it, albeit nonsensical. Do you remember all those times of playing Monopoly, trying to roll the dice so as to miss integral properties, missing the free parking, and the “Go directly to jail: do not pass go; do not collect $200”? Me neither. Who plays Monopoly to lose? I’m not sure if this is relevant, but ‘monopoly’ is an oxymoron: “single-many.” Or is it? “[Only] one has many.”
By Holly Katie5 years ago in Trader
How Good Financial Habits Affect Your Life
we often talk about the right financial habits that will dramatically affect your financial well-being. Why habits, and not some miracle knowledge or investment? The fact is that we take our work in our school very seriously and are not used to scattering empty words and promises.
By Piyush Patel5 years ago in Trader
3 Ways You Can Take Control Of Your Finances
Money is an ever important part of your life. You always need money, but it seems like there’s never enough for the life you want. The problem is often assumed to be a result of a lower salary than people would like, but proper management of your personal finances can help you rise above that mentality. Here’s what you need to know.
By Lewis Robinson5 years ago in Trader
Mastering your finance
During my life my finance and life were out of control because of debts and spending. I have been through a divorce and many jobs during the last 23 years. I have learned not to put all my eggs in one basket like having one job, because if the company makes you redundant you will lose your job, so it is a good idea to have 2 or more streams of income. I always overcome any difficult challenges in my life and finance, I have a strong mindset and a positive attitude. For example, when I have lost a job, I do not get depressed and worried. In fact, I found a new job within a week. It is also vital to manage better my finance, reduce my outgoing and increase my income. I have created an online course entitled “Mastering your finance” which is a 10 videos course which covers different subjects: mindset, goal settings, compound effect, budget, other people money, reduce your utility bills and increase your income. Since I have started to implement my online course, I have already seen a massive improvement of my finance, a reduction of my outgoings and increase of my income. In 2020 I have cleared off already some loans and credit cards without working more hours. I feel I am in control of my finance. One of the reduction of my going is utility bills (e.g gas, electricity, mobile phones, landline, internet, insurance) and I manage to turn these liabilities to an asset, because I can show people how to start earning money from these bills resulting in increasing of your income. The most important part of this course is budgeting better your current income making sure you have more money coming in than coming out from your bank account. Knowing how you spend your money every month can help you to put in place stricter budget eliminating all the purchases which are no necessary and shopping to cheaper supermarket. This is helpful if you have many direct debits making sure you earn enough money to cover all your outgoings. If you owe debts like credit cards or loans, my online course can help you to reduce them with simple strategies to pay them off.
By Paolo Debernardi5 years ago in Trader
Invest Like A Multi-Millionaire
Most people would do just about anything for a million dollars. Sure, a cool million isn’t what it used to be, but it is still a life changing sum of money that, if invested wisely, could reap a significant chunk of passive annual income spanning generations. The problem is, that human beings are impulsive creatures, and in this fast-paced world of cool consumerism, money has become an incredibly difficult thing for people to hold onto. In a culture where 70% of lottery winners end up going broke within 3 years, it’s apparent that many Americans struggle to cultivate a healthy relationship with money. Even if the average American was able to hold onto a significant portion of their salary, and modified their spending habits to consistently save money year after year, simply saving that money in a personal savings account would fall well short of the steps needed to ensure one’s needs were met throughout their retirement. A 2018 study found that 29% of baby boomers aged 65 to 72 were still working. According to a recent Transamerica survey, the median savings balance among baby boomers is a mere $144,000. It goes without saying, that even with an anticipated monthly Social Security payout of $1,300, $144,000 falls well short of providing any semblance of a comfortable retirement, given that the standard rule of thumb for determining a conservative retirement nest egg is to withdraw 4% annually over an estimated 20-year timeframe. I’m too lazy to do the math, but 4% of $144,000 might secure you four sold walls at a self-storage facility in Palm Springs. On a side note, I have seriously considered living in a storage locker for a brief period of time in my mid-twenties. I don’t understand why storage companies will not even consider the idea given this country’s current housing crisis.
By Colin Ortstadt5 years ago in Trader
