Quizzes are now becoming a lot more popular nowadays. In facebook, there are so many quiz applications from a quiz on your personality, moods, hairstyle, songs, movies, etc. Upon browsing Salve’s Money Smarts, I recently took up the Money Personality Test that I found. And the results are quite accurate as for me with regards to my personality on money. The results said that I am a “Micromanager”. What does it mean? Read the description below: Micromanagers love planning,

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Are you a frequent shopper in grocery and supermarkets? Do you want to save money while shopping in supermarkets buying the goods that you need from foods to other grocery items? With the current global financial crisis, we really need to do a lot of saving. We need to save our paychecks. We need to budget our money. And the latest money saving tips I will give is on how to save your money while doing your regular shopping in a supermarket.   These are some of the thrifty tips that could

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It’s not how much you earn but how much you are saving. No matter how high the amount you are earning, if you couldn’t just save, then your future will be dim. The ultimate goal is earn more and spend less. Don’t give in to the cultural temptation to buy more and more things you don’t need! In my earlier posts, I made an article on how to save more money by saving your monthly paychecks. Now, I’ll share some ways to spend less money in shopping. You can cut back on unnecessary

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In my last article on credit cards, indeed credit cards can be friends and allies in achieving financial freedom if you know how to use them properly. But without discipline, it can be your worst move to avail them as they can literally be a ‘blackhole’ that can drain your finances. Being in a good credit standing, I have received a lot of offers from credit card companies. Usually, I will be interrupted at work by credit card telemarketers and they will offer me various credit

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As the saying goes, “the early bird catches the worm”, one of the things that I learned in the journey towards financial freedom is to start early to retire early. The earlier we started saving money, the earlier we started our financial education, the earlier we started to invest, we can be guaranteed that we can also retire earlier. Why not? Retiring early is one of the best options of a lot of people. Who wants to work for the rest of their lives? Who wants to be bothered by

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I remembered before that I chatted with a foreign exchange (forex) trader when I was thinking to try foreign exchange trading online as one of investing. And I asked him: “What Makes Currency Rise or Fall?” In our discussion through Yahoo Messenger, he stated that currency trading is more stable than the stock market. He said that ‘currency trading is a balancing act between a particular currency against a basket of other currencies.’   If one currency fall, then

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I have been involved in stock trading for quite some time now. Due to the question of one of my avid readers named dlanor from Saudi Arabia, here I am now sharing some stock trading tips that readers can use to trade stocks. But before anything else, for the beginners in the stock market, you might want to read my article on how stock market works to familiarize yourself on the stock market.   Once you already got familiarized with the stock market and started doing stock trading, here are

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One of my earlier post, I said that Time is Money, which proves that we need to invest to fight inflation.  I attended a seminar where I learned about the relationship of money and time management. It suffices to say that when you have money, you can manage your time effectively. In our discussion, there are 4 types of persons with respect to money and time management. These are people with:   No Money and No Time. Oh, these are the worst people I guess. These are people who don’t

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Life is like a game of chances. You can win or you can lose. Everyday, we are faced with challenges, which can either lead us to become a winner or a loser. Learning financial literacy is essential to increase your chances of winning the game of life. Consequently, it is best to play the cash flow game to gauge how well did you grasp the concepts in winning the game of money. Recently, I watched another video again of Robert Kiyosaki as now he talks about the so-called Game of Money where he

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Bernard Madoff, the latest scandal in Wall Street pegged as the largest ponzi scheme, is the featured article on the spotlight! I was watching Bloomberg News last night when his case was being heard at the court hearing. The speaker relentlessly told that it was the fault of Securities and Exchange Commission’s lack of regulation that led to the largest ponzi scheme worth about $50 Billion.   But how did it go? Being a former Chairman of the NASDAQ stock exchange, Bernard Madoff had a

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I just finished reading the ebook “The Millionaire Next Door” written by Thomas J. Stanley and Willam D. Danko where they conducted a research case study and surveyed American Millionaires. Who becomes wealthy? What do they do? How did they become millionaires? Or you can ask yourself, “Can I ever become one of them?” In their case study, usually the wealthy and millionaires are businessmen who have lived in the same town for all their adult life. They have married once and

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It has been 2 months now since I first updated my portfolio of investments last November 2008. I’ve been recently updating myself with regards to the Stimulus Plan being implemented by the US Government to combat the effects of one of the worst financial crisis of all time and to bring the whole economy back to its “normal” operations. The Government plans to “pump prime” the economy to boost consumer confidence so that businesses will benefit from it. The plan

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As I continue my financial education, yesterday I first played the Cashflow 101 E-Game. I never played the actual cashflow game yet but thanks to a college friend who gave me a copy of the cashflow 101 e-game. I can definitely say that it’s one of the best games to play when you want to increase your financial literacy. Basically, there are two tracks of the game: The Rat Race and The Fast Track. The rate race is simply for the average person while the fast track is for rich

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I’ve been spending my time lately really educating myself on financial literacy. I admit my job has been so boring and not challenging so instead of killing myself to boredom, I’ve been using my additional time efficiently and effectively by adding additional knowledge on my financial education. In addition to my article, “what’s makes rich gets richer?” I’ve recently watched a video of Robert G. Allen, the author of the best selling books Nothing Down and Creating Wealth as he

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