This article is posted under forex
It's a perfectly legitimate investment vehicle, and people do invest in them. However, since I don't trade currencies myself and it's a high-risk investment, it's reckless for me to recommend it.
Luckily, today we have a guest blogger who can tell us about the advantages of currency trading.
This article is posted under saving
While the correlation between "evil" and idleness maybe debatable, it's not far-fetched that when we've got absolutely nothing to do, we might end up being up to no good.
And that's actually very relevant in personal finance.
There's a whole lot of stuff out there designed specifically to entice you to spend money. And so when you find yourself with spare time and looking for something to do, there's a great chance you'll end up spending money.
In this case, idle time is your wallet's bane.
It's not a bad idea to have inexpensive, "default" activities to fall back on:
This article is posted under personal finance
It makes more sense than say... me celebrating my birthday party. I've had lots of it already, so it's nothing new. Plus I'm footing the bill... so, you know: "It's ok. It's not a big deal. Let's just stay in." :D
What puzzles me is the grand 1st birthday celebration. I can understand the 7th, which is usually a little more modest (compared to the first, anyway). But the first birthday... It's especially bewildering to me.
And indeed there are a lot of ways to do so. However, businesses have been quite adept at making us think we are saving money, when we aren't.
How? Here are 8 ways:
This article is posted under financial future
After again being hampered by procrastination, I've finally gotten of my butt and did some serious thinking about that taxi business.
And here's what I came up with. (file link after the break.)
It's not a business plan (though I have a draft of that too), and it only has a basic ROI (plus a little risk planning). What it is though, is a basic projection of what the finances would look like.
And after going through it, here's what I concluded: