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
By elmads Everyone works for money in order to sustain their live. A harsh truth about the relationship of money and work, but it is not entirely accurate. Why is that? because some people do not work for money, others work because they love what they do and are very Read more
By elmads One of the reasons why we work is to acquire money in order to sustain and add value to our life, including our family’s lives as well. That is why most of us seek employment to have a stable source of income. A path which majority of us Read more
By elmads The cash flow statement shows both the inflows and outflows of the company’s money in a given period of time. The focus here is the movement of cash in the business. This is the one of, if not the most looked into part of the financial statement by Read more