While investing in debt funds is less risky than equity, investors should still be wary of the two main types of risk that can affect returns – interest rate and credit risk. Interest rate risk is the possibility that rising rates will reduce the fund’s value, and credit risk is…
Finance
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The Wealthy Just Work Harder Than Everyone Else
According to my Rich Habits study, one of the reasons the wealthy accumulated so much wealth was due to the fact that they worked more hours than those who were not rich. Here’s some of the data: 44% of the wealthy worked 11 hours more each week than the non-rich.…
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Wealthy People Have 58% Fewer Problems
I spent many years studying the rich and the poor in my Rich Habits Study and found that there were twelve problems almost everyone has to contend with in life: Health Problems Financial Problems Family Problems Neighbor Problems Home Repair Problems Car Problems Addiction Problems Job Problems Relationship Problems Death…
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George Kamel: Don’t Put Your Small Business in a Hole (The Shady Side of MCAs)
If you’re starting a small business, or own a business but have run into some money trouble, you might be tempted to take out a merchant cash advance (MCA). Sure, these are a quick way to get funding in an emergency, but they’re a terrible idea for business owners. I…
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The 10 Best Online Life Insurance Companies 2021
No one enjoys buying life insurance, let alone researching which company to buy it from. But with the Internet, finding the best life insurance company (especially one that enables you to apply quickly online) is easier than ever. Like every other financial product, the life insurance industry has gone digital.…
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7 Things You Can Do At 50 To Ensure You Can Retire With Dignity
Image by Aaron Burden Turning 50 is a milestone. It’s not quite “senior,” but it’s far enough along in adulthood that retirement suddenly feels closer than ever. For many, it’s the decade when reality sets in and the window for making impactful financial decisions starts to narrow. But rather than…
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10 Scams Specifically Target Seniors
Image Source: Pexels Unfortunately, many scams target older adults because scammers know that they are more likely to have more money and are easy targets. According to the FBI Internet Crime Complaint Center, roughly $3.4 billion in total fraud losses were reported by Americans over age 60 in 2023, up…
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Is It Okay to Date Your Best Friend’s Ex? Here’s What Experts Think
Image by Priscilla Du Preez Few relationship questions spark more debate than this one: Is it ever okay to date a best friend’s ex? For some, the answer is a clear-cut “no”—a matter of loyalty and unspoken rules. For others, relationships are complex, and love doesn’t always follow a socially…
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Furniture Store Employees Hate When You Do These 5 Things On The Showroom Floor
Image by Albero Furniture Bratislava Shopping for furniture can feel like a relaxed and leisurely experience…until someone treats the showroom like a playground or a personal living room. While most shoppers are respectful, furniture store employees quietly deal with recurring behaviors that make their jobs harder, the displays messier, and…
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What Are They Trying to Prove and Do We Believe Them
Image by Viktor Bystrov In an era of rising prices, shrinking paychecks, and record-breaking corporate profits, “retail blackouts” have become the latest tool in the consumer protest playbook. On social media, waves of users are calling for collective no-buy days, swearing off big-box stores, fast fashion, or even online marketplaces…