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5 Reasons Why Financial Advisors Should Embrace the Virtual Practice Model Today

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As the demand for long-term leases for office space completely crumbles under the COVID-19 pandemic, so too has the need for in-person meetings, at least for now. According to VOX, the demand for coworking spaces...
Rising tide lifts all boats

The rising tide that doesn’t lift all boats

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Every day there is a major event that will move the markets. Trade wars, currency wars, oil wars, pandemics, depression levels of unemployment, conspiracy theories; you name it Are there any more surprises left? Perhaps. With complete...
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Can Any Formula Tell You How Much Money To Save?

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We are led to believe that there is a way to properly prepare for any financial disaster. But in the current (rapidly changing) economic climate, is that still true? Not too long ago I...
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Could Modern Monetary Theory Save America?

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I Become President For A Day To Apply Modern Monetary Theory (MMT) To The US Economy Politicians and academics are making dramatic claims about MMT. I apply it to the 2018 US economy and learn...
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Psychology of Poverty

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There seems to be a genuine belief that if you just work hard enough, dream big and go hard, you will escape poverty. If you’re poor, you just have the wrong mindset. It is quite...
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The Dangers of using Spending as a Reward

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“Treat Yourself.” It’s a very common phrase these days. And it can mean a variety of things. Either you should indulge because everything’s been going very badly and you deserve something positive in your...
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Are you wasting your time on Switching Costs?

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Switching costs might not be a term you are familiar with. And reading the words for the first time might not give you even a remote glimpse into their definition. Some people would think...
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The Mystery that is Compound Interest

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In my article "Why we need to teach Personal Finance" I have already alluded to the damage compound interest can do. Especially, when no one seems to understand how it works, and how quickly...
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Pay Yourself First

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Money comes in. Money goes out. Bills, debt repayment, groceries, etc. After all that, how’s your saving strategy going? Many of us dream of having lots of money someday. Some people get lucky and...
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Budgeting is Key in Obtaining the Lifestyle You What

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Finances can be rough to talk about - but the conversation is neccessary. 62% of those with a budget say it makes them feel more in control of their finances, 55% say it improves...
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How to Build a Successful Goal

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We have many desires in life. To be successful, rich, well-liked, healthy, respected, desired, attractive, and many more. For some people, achieving these goals is either easy or has been achieved already through winning the...
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Don’t pay later, pay NOW!

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The idea of buying on credit, meaning you get your product now and the bill (the pain of paying) later, is as old as time. Well, maybe not that old, but the I O...
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We Need To Start Teaching Personal Finance in Education NOW

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If there is one thing the crisis has taught us, is that no one seems to have a clue what's going in our financial system. And why would they? When were you taught about...
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How 20 Minutes a Day can Save Your Finances

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There never seems to be any time for introducing changes to your life. Especially big changes simply seem too daunting to implement. We find excuses, get back into our comfort zone. Life just passes...
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6 Steps to Make You Spend LESS

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A lot of Behavioural Science, and Behavioural Economics and Behavioural Finance are just as guilty of this. go on and on about theoretical frameworks, modelling behaviours and doing longitudinal or just big statistical analysis...
Digital

Digital Bytes Blockchain Round up – Week ending 12th October 2019

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I deeply believe that money must remain in the hands of states. I am not comfortable with the idea that a private group creates a competing currency. A private company does not have to...
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Making University Finances Easier

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This September, just like every September of every year, thousands of 18+-year-olds are being sent off by their parents in pursuit of "Higher Education endeavors" across Europe and/or generally all over the world. This September,...
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10 Rules for Easy Retirement – Avoid at Own Peril

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Ready for comfy retirement? Ain’t gonna happen! In just about 3 years I will be eligible for pension by reaching 65 years of age. Yeeeey … how great is that? … NOT. A person works a...
Fraud

Payment Risk and Fraud-Demystified

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Goal of this story Define Fraud and Payment risk and “WHO” is impacted? Payment risk and fraud — what's the difference! Fraud prevention tools and technologies Innovation happening in this space So let's begin! WHY we all should...
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The Ponzi Scheme 101: A Ponzi’s Life Cycle and Ways to Survive, Part 3

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We conclude our findings in a bid to help users better understand Ponzi schemes, so as to lower their investment risks. With reference to the research discussed in Part 1 and Part 2 1. There is...