Saagar Gupta | Blog
This blog/website is only made available for educational purposes. It is designed to give visitors general information and a general understanding of select financial topics. It is not intended to provide specific financial or investment advice. Conduct your own due diligence or consult a licensed financial advisor/broker before making any and all financial/investment decisions.
Making money and maintaining financial independence is a touchy subject, but it is a skill that can be learned. It is a significant source of stress for many individuals all over the world because many people do not want to share their secrets. Some individuals have become self-made millionaires because of raw talent, and some manage because of sheer luck. Some of the tips are discussed below.
Millennials face a more challenging financial situation than previous generations. Wage growth has been sluggish, owning a home has become more expensive, and many millennials are weighed down by student debt. But there are steps that millennials can take to maximize their money. Here is a guide to budgeting as a millennial.
When it comes to obtaining financial independence and having the possibility of retiring early, it’s necessary to build up a hefty level of savings. This is harder than it sounds because it requires frugality and discipline. For many Americans, it is a challenge to make the necessary sacrifices. For others, it’s merely unattainable at their level of income.
Financial independence is empowering because it gives people the freedom to make their own choices in their lives. Without financial liberty, a person can only go as far as their monetary constraints. There are, however, good habits to employ that will help achieve long-term financial independence.
Bankruptcy is a situation that all people try to avoid. One reason is the fear of never being approved for financing again, such as with mortgages or auto loans. While it may be true that it takes a long time to bounce back, it’s far from impossible. If you have declared bankruptcy and are looking to regain your financial footing, you will need a plan to build your financial situation back up.
Even though money management is an important part of life, it’s common for teenagers to enter adulthood without ever learning how to set a budget for themselves. Even children who receive allowances or work after school jobs can be unaware of ways to procure long-term financial health. In an ideal world, there would be classes starting at a young age teaching financial literacy, but these services aren’t always available, leaving the task to the parents to have these much-needed conversations. Here are a few lessons that every adult should have a firm grasp on regarding money matters.
When you have an unpredictable income, everything about your finances can feel unstable. When you read advice about handling your finances, most of it won’t feel applicable to you because you don’t have the same income to budget month to month. It’s easy to feel alone and confused.
There are plenty of ways to save money, especially nowadays with all of our modern technology. Some people, however, are still drawn closely to the old-school methods. They may feel safe keeping cash in envelopes or feel comfortable going in-person to a...
There are currently over half a million podcasts to choose from nowadays and they cover topics about every conceivable subject matter. In addition to books, TED Talks, and blogs about how you too can make it rich, many financial experts have also joined the podcast revolution in order to provide guidance for everyone who’s waiting to become the next millionaire.
In order to build financial stability in life, college students will need to learn topics that extend beyond the foundational requirements of their major. Being smart with money is at the top of that list, and college is the perfect time to instill good behaviors and avoid falling into debt.