Looking for some life changing financial tips? Well, I know that all of us wants to succeed in life and we all want to achieve all our goals for us…
As a young, confident and responsible student, I've learned so many things most especially when it comes to managing my personal finances to achieving my life goals. Read more to discover the best ever money tips ever!
Budget is a written record that presents your cash inflow and outflow in a specific period of time whether weekly or monthly. A budget also helps you reduce your expenses, decide how to spend your earned income, pay off your existing loans, plan for your future and eventually increase your savings.
Passive Income is a type of income you earn without exerting or doing any work or effort. Unlike active income, you will be exerting lots of efforts and time to earn an income. In some other cases, other passive income ideas require a little amount of effort and time like starting a blog, building a mobile application, and making Youtube videos.
A blue chip stock is a very large company or business with an incredible reputation. These are well-established, well managed, and financially capable that is run and operated with so many years. Blue Chip stocks have the highest market capitalization which is generally in billions. Also, blue chip stocks are well known and popular among stock market investors since they have the full potential to grow and at the same time, investors gain more profits.
A mutual fund is an investment vehicle that pools money from different investors (individuals, groups, organizations, companies) and invests them in different securities (stocks, bonds, commodities) for the purpose of gaining profit. mutual funds are offered by companies instead of banks. Also, mutual funds is extremely a safe investment since it is regulated by the Securities and Exchange Commission (SEC).