Got a bit of a pickle here, mate. So, my folks, both pushing 60, run their own business – no employee retirement scheme or anything like that. They pull in about 300K annually, but no clue how much of that’s pure profit. There’s a pension from the 80s with around 20 grand in it, and … Read more
In the ever-evolving digital world, where our financial transactions have significantly migrated online, the threat of falling victim to financial scams is very real. Online scams are becoming increasingly sophisticated, often appearing legitimate to the untrained eye. This article aims to arm you with the knowledge and tools needed to protect your financial resources from … Read more
It’s crucial to maintain an effective, supportive and engaging work environment, which includes caring for the mental health of your team members. Here’s how you can take steps to prioritize and encourage mental health in your workplace: The findings of the 2022 SmartDollar Employee Benefits Study reveal the significant impact mental health has on employees’ … Read more
Poker and personal finance may seem like strange bedfellows at first glance. After all, one invokes images of risk-taking and high-stakes drama, while the other is often associated with careful planning, savings, and long-term stability. But dig a little deeper, and you’ll find some surprisingly potent parallels. Just as in a game of poker, managing … Read more
For many student loan borrowers, income-driven repayment (IDR) plans are often seen as a lifeline, providing a lower student loan payment with the promise of loan forgiveness after 20 or 25 years. These plans, backed by the Department of Education, present an attractive proposition for those burdened with hefty student loan debt. However, a deeper … Read more
Remember, understanding the difference between financial fact and fiction is a key step towards financial literacy and independence. Arm yourself with the right knowledge and pave your way to financial success.
From the ancient writings of our theologians to the modern world, the concept of debt and the moral quandaries it ignites continue to influence economic philosophies. LSE scholar, David Graeber, highlighted a medieval perspective of debt in a riveting discussion with Disenz on “harmful jobs, odious debt, and fascists who believe in global warming”. The … Read more
In an increasingly complex legal landscape, many individuals find themselves needing legal advice or representation. To meet this need, some employers offer legal insurance as part of their benefits packages. But is legal insurance really worth the expense? This article will delve into what legal insurance covers, its limitations, and the factors you should consider … Read more
Remember those classic 90s movies where a group of misfits band together to take down the big bad bully? They were never the same kind of people, yet they found common ground, forged alliances, and inevitably kicked some serious butt. Unionizing your workplace might not be as glamorous as Hollywood makes it out to be, … Read more
When I first stepped foot into my own apartment—no parents, no roommates—there was an undeniable thrill. It was an eclectic mix of freedom, anticipation, and, admittedly, a decent dose of fear. While it was exhilarating to make decisions on my own, from what to cook for dinner to what color to paint the walls, I … Read more
The first time I encountered the concept of risk and reward was not in an investing book or during a finance class. Instead, it was during a daring rescue mission in Space Invaders, where I had to decide whether to go for the high-score alien (high risk, high reward) or play it safe and clear … Read more
Our actions, small as they may seem, can ripple out and make a difference. A drop of coffee can spread in the cup; likewise, our collective efforts can spread and impact society at large. It’s a bit like making coffee: start with a single bean, apply some heat, and before you know it, you’ve created something robust, warm, and powerful.
As the first generation to grow up with the Internet at their fingertips, Gen Z’s interaction with money is, unsurprisingly, closely intertwined with their digital lives. A significant part of this digital life revolves around social media, which has evolved into a powerful force that shapes their perceptions, influences their decisions, and inevitably impacts their … Read more
The Timeless Tale of Students Begging Parents for Cash Oh, the tales we hear of university students surviving on ramen noodles and dreams of graduation. From the sounds of it, you’d think it’s a modern-day crisis, born from our economic climate, a symptom of skyrocketing tuition fees and stagnant wages. Well, dear readers, buckle up … Read more
Navigating the maze of personal finance can often feel daunting, especially when it comes to understanding and managing credit. Yet, it’s a critical aspect of financial health that holds the potential to open or close doors, quite literally. Let me tell you a story. A close friend of mine, let’s call him Jake, was a … Read more
Hello there, financial explorers! Sofi Abdurahman here, ready to whisk you away on an exciting journey through time and money – all the way from the ancient salt bars of Ethiopia to the digital frontiers of Bitcoin. Are you buckled up? Good! In the vast landscape of finance, nothing has been quite as revolutionary or … Read more
Step aside, Indiana Jones! There’s a new explorer in town, and it’s got a knack for ancient languages. In an unprecedented breakthrough, a team of archaeologists and computer scientists have empowered an AI to decode and translate cuneiform tablets—the ancient clay tablets that hold the secrets of Mesopotamian civilization. Yes, you heard that right! AI … Read more
In today’s uncertain times, financial security has never been more critical. Whether it’s an unexpected car repair, a sudden job loss, or a medical emergency, life has a way of throwing curveballs that can wreak havoc on our finances. One way to mitigate these risks and weather financial storms is by creating an emergency fund. … Read more
Did you know that the word ‘mortgage’ comes from the Old French term for ‘dead pledge’? Sounds ominous, doesn’t it? Don’t worry – your house isn’t haunted, but there’s a fascinating historical and linguistic journey behind the name. A friend recently celebrated refinancing her mortgage. Amidst the excitement, she asked a question that stopped me … Read more
In an increasingly digital age, credit has become a cornerstone of financial independence. Yet, its intricacies often remain a mystery to many – especially the younger generation, Gen Z, who are at the beginning of their financial journey. As they step into adulthood, understanding credit, its management, and its implications on future financial opportunities becomes … Read more