Financial Goals
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How to Achieve Financial Independence
Stage 4 on the financial wellness roadmap is financial independence. From financial security to being financially independent, your ability to grow assets and create incomes streams frees you from the need to work for money whether for a period of time or for the rest of your life. What is Financial Independence? Financial independence means having enough income to pay your living expenses indefinitely…
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How to Achieve Financial Capability
Stage 2 on the financial wellness roadmap is financial capability. From financial literacy to being financially capable, your ability to use financial products and access tools effectively means you’re onto becoming financially capable. It’s an important stage for economic prosperity. What is Financial Capability? Financial capability is being knowledgeable and capable of making better decisions with your money. You’re knowledgeable…
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How to Achieve Financial Security
Stage 3 on the financial wellness roadmap is financial security. From financial capability to becoming financially secure, the third stage is about peace of mind to meet the financial needs of life and unforeseen circumstances. What is Financial Security? Financial security means enough income to cover your monthly expenses and debt obligations. Being financially secure gives you the power and…
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What is the FIRE Movement? (Financial Independence Retire Early)
If you’re interested and learning about financial education, you’ve probably heard about the idea of retiring early or obtaining financial independence. The goal to retire as early as possible gave birth to a whole movement named FIRE. According to a New York Times article, the movement has a great comeback due to the pandemic. Why is it called the FIRE…
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Your Simple Path to Financial Independence
From financial security to become financially independent. Welcome to Stage 4 on the Financial Wellness Roadmap. Your path to financial independence includes when you have the security of assets and income streams to cover your living expenses for a period of time (or the rest of your life) without having to depend on a paycheck. Stage 4: Financial Independence Financial…
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Stop Doing This: the Risk of Generalizing Your Financial Situation
Don’t take the risk of generalizing your financial situation. Your life and other variables play a role in the best solution for your financial situation. Your fingerprints … your voice … your eyes … these are all things unique to you. So are your hopes, dreams, and goals. If this is the case, why would you follow financial advice that…
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The Uplifting Signs of Financial Stability You Need to Know
You probably have an idea of what financial stability feels like, and in your mind, you haven’t reached this point. Interestingly, many people have their own idea or definition of what it means to be financially stable. One might feel stability as long as bills can be paid. Others might not feel financially stable until they’ve paid off debts or…
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5 Most Important Steps to Achieve Financial Freedom
Financial freedom sounds like heaven, one that is only possible with patience and determination following the right steps, amongst other things. You can say you’ve achieved financial freedom when you have enough money for all your living expenses and for the things you like. Then work becomes only optional, because you have enough money. It might sound like a dream…
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Best Curated Money Articles For You
A daily updated curated list of the best personal finance and money-related articles we found elsewhere that we think you should read. Editor note: Our goal is to share the best money and financial-related articles written by experts, bloggers, and journalists. If you’ve written any articles we should know about, send a message with your article and one key highlight.…
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Commitment List Instead of Resolutions
Making a commitment list will help you achieve many of your resolutions. It’s that time of year when the talk of resolutions is at its highest. I’ve made resolutions. I’m sure you’ve made them too. The New Year seems is the most popular time to make resolutions, but many people commit to changes in their lives throughout the year. Today…
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