Lily Kensington
The sharing economy is a model of consumption that involves the sharing of resources or assets between individuals, rather than owning them outright. This can include everything from ride-sharing services like Uber and Lyft to home-sharing platforms like Airbnb. The idea behind the sharing economy is to offer an alternative to traditional consumerism, which is … Read more
Gambling addiction is a serious issue that affects not only the individual suffering from it but also has profound consequences on their families. The ripple effect of gambling addiction can cause emotional, financial, and relationship stress within a family unit, impacting everyone’s wellbeing. We will these aspects and provide some insights into how to tackle … Read more
From the bustling street markets of Bangladesh to the vibrant farming communities in Uganda, people around the world are harnessing the power of collective financial resilience to transform their lives. They are participants in an empowering movement known as microfinance, which is redefining economic landscapes, stimulating entrepreneurship, and fostering shared prosperity. At the intersection of … Read more
In the complicated world of finance, understanding the psychological factors that influence investor behavior has become a lucrative skillset. Behavioral Finance, a field that melds the study of psychology with financial decision-making, sheds light on the complexities of investor behavior beyond the traditional models of finance. With the advent of social media, a vast, untapped … Read more
Navigating the precarious tightrope of financial security is a journey fraught with challenges, particularly for those teetering on the edge of the benefits cliff. This metaphorical cliff represents the point where a slight increase in income results in the disproportionate loss of public assistance, often leaving individuals and families worse off than before. It’s a … Read more
Lily Kensington dives into the challenges climate change poses to retirement planning, offering insights and strategies to secure your financial future in a warming world.
Capture the essence of building a strong financial foundation in marriage, emphasizing teamwork, growth, and mutual support.
Gain insights into effective retirement planning strategies tailored for single parents, ensuring a secure and comfortable future for you and your children.
The dawn of automation and technological advancements has ushered in an age where labor is increasingly delegated to machines, creating a new class labeled as “non-essential workers.” This societal shift, though promising a utopia of leisure and personal fulfillment, has equally delivered a perplexing conundrum. The question echoes, loud and clear: What happens when work, … Read more
When it comes to managing finances, individuals with bipolar disorder face unique challenges. Bipolar disorder, characterized by alternating periods of elevated mood (mania) and depression, can significantly impact a person’s ability to make sound financial decisions. During manic phases, an individual might be prone to impulsive spending, taking on debts, or making high-risk investments. On … Read more
In the digital age, AI is transforming business and creativity. Seven lucrative ways to make money with AI include AI-powered content creation, AI-driven art, AI-powered video storytelling, digital design solutions, AI-driven web design, AI in audio content, and AI-crafted online courses. Embracing AI’s potential for profit requires differentiation and commitment to quality.
In the tapestry of the American Dream, homeownership has always been a central thread, woven deeply into the societal fabric. It’s a symbol of success, stability, and a piece of the proverbial ‘pie.’ But as times evolve, so do perspectives. The once-unquestioned aspiration for owning a home now faces scrutiny, not just for its financial … Read more
Behavioral economics is like the vibrant underpainting of a traditional economic canvas. It adds depth and color to the otherwise black-and-white world of traditional economics, painting a more holistic and realistic picture of how we make financial decisions. Simply put, behavioral economics is the study of psychology as it relates to the economic decision-making processes … Read more
Credit: a five-letter word that carries immense weight in our financial lives. A good credit score opens doors to opportunities – from securing a mortgage to getting a favorable loan rate. But what happens when your credit score is less than ideal? Whether it’s due to past financial mistakes, unexpected hardships, or simply a lack … Read more
In our journey through life, one of the most complex and often uncharted territories is that of financial communication with our loved ones. Money, an entity so deeply intertwined with our emotions, dreams, and fears, often becomes a source of tension in relationships. But why is talking about finances so fraught with difficulty? It’s not … Read more
When I first met Aaron*, a client of mine, he was at his wit’s end. His relationship with his wife, Rebecca*, had hit rocky waters, and most of their disputes were about money. Aaron, a conservative spender, believed in saving for a rainy day and meticulously budgeting every dollar. Rebecca, on the other hand, was … Read more
Money, for many, is not just a physical entity but an emotional construct, woven with dreams, aspirations, and, quite often, fears. In the landscape of personal finance, investment becomes a peak often admired from afar but seldom scaled. The paradox here is profound: people yearn for the growth that investment can bring, yet they remain … Read more
As a member of Generation X, the “sandwich generation,” I can attest to the unique financial challenges we face. We are often balancing the costs of raising children, supporting aging parents, and planning for our own retirement. Our financial responsibilities seem to pull us in multiple directions, making financial wellness feel like an elusive goal. … Read more
As a mother, I have come to realise that one of the most important life lessons we can impart on our children is financial literacy. Picture this: if we consider life as a complex puzzle, then understanding money is like having the corner pieces. They’re not the whole picture, but they give you a place … Read more
As I sit here today, a certified financial psychologist, author, and advocate for financial wellness, I can’t help but reflect on the winding road that brought me here. It’s a journey punctuated by highs and lows, moments of despair, and flickers of hope. But there’s one aspect of this journey that profoundly shaped who I … Read more