By elmads Introduction Net worth = Assets – Liabilities. It is a snapshot of our financial situation at this point in time, It also states how we are doing financially and what is our total wealth. The significance of knowing our net worth can help us identify areas where we spend Read more
By elmads Introduction Have you ever wondered what would it feel like to have a business and a company? But then you realised you do not know how to start it, let alone run one. It is just overwhelming to learn all of the stuff about managing a business, to Read more
14th January, 2021 by elmads Finding ways to increase our income stream is always a daunting task, despite this, people are still willing to take measure to learn and master the ways how to do it in order to achieve a secured and joyful life. One method most of us undertake Read more
12th January, 2021 by elmads Have you ever applied for a credit card or a loan in the bank before? Where you accepted or rejected? Congratulations if you were approved, but if not, you might need to check how you manage your money or find a stable work that will grant you regular Read more
09th January, 2021 by elmads One of the reason for investing our hard-earned money is to gain additional wealth from our initial capital to achieve our own required return. The problem that arises is that how will we know if the investment we take will be enough to attain our required Read more
08th January, 2021 by elmads ✍️ Edited: 03rd September 2023 Introduction All that we need is interrelated with money, such as transportation, food, and shelter. Even when we start a small business, we still need money. The problem that arises is: how do we finance ourselves to venture into this kind Read more
01st January, 2021 by elmads Investing has been gaining popularity in this day and age, we keep on hearing and seeing posts on various social media platforms about this. In particular, people posting on how large their money grew in just a day or a week, how quickly they got Read more
28th December, 2020 by elmads When I was young, I always kept on hearing the word “interest”, mostly from my parents and relatives when they talk about banks and finances. I remember that I was very confused about how it works because I heard two conflicting narratives, either they receive interest Read more
25th December, 2020 by elmads INTRODUCTION As investing has been gaining popularity, the number of individuals investing a part of their salary to various financial products, such as stocks, bonds and real estate are increasing as well. Yet, there are still somehow, confusion between these investment asset categories. “Where does Read more
11th December, 2020 by elmads WEALTH ACCUMULATION The 3rd and 4th steps are under the Wealth Accumulation phase, this is the exciting, yet overwhelming part of financial planning for most people. In here we will be learning how to make our money work for us through passive income by investing, and how Read more