By Elmads Budgeting was originally used in England as a means of controlling government expenditures. Since then, budgeting has been practiced not just by the governments, but also companies in order to manage and improve their financial allocation. This is all for the purpose of good money management and to Read more…
By elmads Investing is absolutely risky, as our invested capital can fluctuate at time to time, not to mention the potential economic recession which could make our portfolio returns be at the negative territory for a couple of years. That is just the risk of volatility and the economy. There Read more…
By elmads This is a simple and general narrative of the stock market based on the perspective of a business owner and an investor. A story to understand the relationship of a business and investor, how they help each other into achieving their own goals. I hope you’ll enjoy it. Read more…
By elmads The almighty Pyramid Scheme, it made people who came in early rich and the top levels richer, while they left the bottom pawns into their own financial demise. Pyramid just like what I have discussed in my previous blog titled “The Popular Scams”, are structured literally as a Read more…
By elmads Work, Sleep, Receive our Salary, Live, and repeat. This is how the majority of the world population live most of their lives, in a simple work-life loop. The sense of happiness, and fulfilment depends on how we see our lives in the loop, some are very contented, while Read more…
By elmads In the past, bankruptcies mean that debtors will be slaves of their creditors. It was during the ancient civilization like the Romans and Egyptian, where slavery was used as a debt repayment method. It was also known as debt bondage. It was indeed an unfortunate time, because people Read more…
By elmads Do you remember these companies, Kodak, Blockbuster, Enron, General Motors, Chrysler, Toys R Us, and Thomas Cook? I guess some of you do remember it, while some doesn’t. These are companies that went into bankruptcy. Some of you might be asking “If that is the case then why Read more…
By elmads Introduction I have been a proponent of not taking on debt, because debt has been one of the root of all financial problems for most people over a long period of time. Don’t get me wrong, I am not blind nor deaf to the fact that there are Read more…
By elmads Debt has been called the modern day slavery, but I beg to differ. It is both chaos and peace. It can make the rich poor and the poor rich. It hasn’t have the control on people, but people always have the control on it. This is why Debt Read more…
By elmads Humanity has been in this world for almost 200,000 thousand years. Our ways of living have evolved since then, but our basic survival needs have always been the same, which is the need for shelter, food and clothing. Today, it is through the trust of money, as medium Read more…