Good income is necessary but not sufficient for becoming WEALTHY. Its what you do and how much you save and invest from your income that can make you wealthy. Saving money helps navigate tricky situations, meet financial obligations, and build wealth. Saving money is vital. It provides financial security and freedom and secures you in […]
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Expense must be budgeted to fit in with the leftover after taking out 20-25% of income from income. A common budgeting strategy is the 50/30/20 rule. The 50-20-30 rule is a money management technique that divides your paycheck into three categories: 50% for the essentials, 20% for savings and 30% for everything else. 50% for […]
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Only savings is not sufficient for becoming wealthy. Savings must be made to grow at decent rate in a compounding way to create snowball effect. Compound interest makes your money grow faster because interest is calculated on the accumulated interest over time as well as on your original principal. Compounding can create a snowball effect, […]
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Starting to invest early in life gives you an upper edge in comparison to those who start late. One of the main reasons behind this is a term known as compound interest. Essentially, compound interest is the interest earned on interest. By continuously reinvesting your earnings and not taking out your investments, you are exponentially […]
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Investment, unlike popular belief that bigger amount is needed, can be started with smaller amount. Starting to invest with a small amount of money isn’t an issue. However, it’s important to know how much you can afford to invest, as you don’t want to harm your personal finances in the process. Investors at Blackwell have […]
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In investment, bigger amounts will generate higher returns than smaller amounts because of its ability to buy multiple assets. The investor will have the resources to be able to park their funds into different asset classes. These asset classes could include, investing into the Stock Market, Real Estate, Precious Metals and Bonds. The investor would […]
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You can create Financial Freedom (replacing your active income with passive income) for yourself when your invested money works efficiently to generate adequate income for you. Passive income can be a great way to help you generate cash flow. Some methods to create a passive income source include Rental Income which is one of the […]
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Financial Freedom can be achieved by disciplined & consistent saving and investing over a longer period of time. Saving provides financial security for life’s uncertainties and increases feelings of security and peace of mind. Once an adequate emergency fund is established, savings can also provide the tools for higher-yielding investments such as stocks, bonds, and […]
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Purpose of financial freedom is to buy back your TIME from the world so that you are free to spend your time for your choicest activities (spending quality time with family and friends, pursuing your hobbies etc.). Saving up money and investing for your retirement, or spending it on building a passive income source are […]
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Lifespan is plastic. Delays in starting savings and investment may make it difficult for you to attain financial freedom. By investing at an early stage of life, you learn a pattern of financial independence and discipline. An early investment teaches the real difference between investments and saving. Never think young age is a barrier to making an […]
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We think of financial freedom as the ability to make decisions without fear of not being able to support oneself financially. You’ll almost always need a plan to attain to true financial freedom. And it’s here that we often get trapped. We are so engrossed in day-to-day life that financial independence appears to be a […]
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That is entirely dependent on your risk tolerance, financial needs, and the time frame in which you need to access the funds. Investing has the potential to yield substantially higher returns than savings accounts, but it does so at the expense of risk, especially over shorter time periods. If you’re putting money aside for a […]
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