Saving

by elmads Introduction Our personal financial free cash flow is the amount of money that can be used for saving, investing, and leisure purposes. The narrative changes if a person allocates his or her free cash flow to generate more money in the future, because that compounds the reinvested capital Read more…

by elmads Introduction Budgeting our hard-earned money can be a challenging task, especially for those who are new to the practice. The transition to a spending plan-conscious lifestyle may take time, similar to the commitment required for exercising and maintaining a healthy diet. The level of success we can achieve Read more…

by elmads Introduction A recession is defined as two consecutive quarters of negative economic growth. A lot of things can cause this, such as supply and demand shocks like during the 1970s (oil crisis) and the 2020 Pandemic (global economic shutdown), financial overleverage and panics (the US panic of 1907 Read more…

by elmads Introduction Have you met or know anyone who is a part of the FIRE movement? I haven’t, but by reading about it, I personally perceive that the individuals who follow the FIRE principles have one common trait, and that is frugality. FIRE is an acronym for Financial Independence Read more…

“Reports are more of a medium of self-discipline than a way to communicate information. Writing the report is important; reading it often is not.” -Andrew S. Grove Introduction I’ve disciplined myself to always take accountability and responsibility on handling my finances. Accumulating the knowledge, honing the skills, applying the two Read more…

by elmads “So many people spend their HEALTH gaining WEALTH, and then have to spend their WEALTH to regain their HEALTH”. -A.J Reb Materi Introduction This sums up the unhealthy pursuit of monetary wealth. An ironic and indeed tragic case that a person could ever experience. Individuals achieving sizeable amounts Read more…