What is money? It seems to be a simple question, isn’t it? Any schoolboy will tell you that money is the pieces of paper that are issued by government and can be accepted as payment for whatever products you what to buy. A student of an economic faculty knows that money is a specific commodity, a universal equivalent of exchange that serves as goods common denominator of value. That is also true.

Read More »

Whether we are financially safe or not is defined by whether we follow the Law of Money! Apparently, there are only four simple laws that rule over all wealth and are strictly followed by financially successful people, stock exchange companies and financial institutions.

Read More »

The majority of people strive for financial welfare on various reasons. However the way to material wealth is far from being simple. Even the high income does not guarantee the continual growth of your bank account. So, let us discuss the reasons of why money slips your fingers.

Read More »

Right marketing campaign is the key of successful sales. Creating proper PR campaign will make people to buy the product. A high quality of product will be in demand among the customers who value the quality of product and make their decisions on the basis of product values. But there are customers who take their buying decision on the basis of advertisements. These customers are very easy to be persuaded to buy since a beautiful picture and right slogan are all that is needed for taking a decision. The latter usually fall victims with cunning and clever advertisement agents.

Read More »

Budgeting is a true salvation for personal finances. Many people are comfortable enough without taking control over personal expenses. Getting into debts from time to time is not an issue for them even being short of money to cover their basic needs before the salary day comes. “People have been living like that for generations and there is nothing bad if we follow the same pattern”, they think. The more advanced people have long ago realized the importance the budgeting has in our lives.

Read More »

Credit cards are inherently evil. Those who gives advises on personal budgeting and financing believe so. There are certainly a lot of convincing arguments against credit cards. Monthly interest rates on credits are just to name a few. If you buy items using your credit card you will eventually pay more than this item costs. Another issue is careless spending. Credit cards give a real sense of buying power to card holders who hastily believe that they may afford themselves a lot. As a result they buy many things that could be dispensed with and shall be eventually repaid. After all, they are dragged into debt for a long time. Self-delusion and permissiveness deaden the feelings of reality. Disillusion comes when you receive the bill for paying off the balance on your credit card. And there is no way back.

Read More »