The Power of Microfinance in Developing Communities

Microfinance refers to small loans, savings accounts, and other financial services provided to people who are traditionally excluded from mainstream financial institutions. The goal of microfinance is to help individuals or groups lift themselves out of poverty by creating their own economic opportunities. Microfinance can provide access to credit, savings, and insurance services that can … Read more

The Paradox of ‘Rich Dad, Poor Dad’

rich dad, poor dude

Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, filed for bankruptcy in 2012, a shocking turn for the financial guru. Despite his book’s success, legal battles and controversial advice tarnished his image. Kiyosaki’s personal wealth remains intact, raising questions about the alignment of financial advice with personal practices. His story serves as a cautionary tale on the complexities of financial success.

How to Rebuild Your Credit Score from Scratch

watch your credit score

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

The Albatross of Credit Card Debt

man feeding flying albatrosses

As the American economy continues to evolve, one constant remains: credit card debt is an ever-present weight on the financial well-being of millions. Recent statistics paint a grim picture. According to the Federal Reserve, the total credit card debt in the United States surpassed $1 trillion in 2020. The average interest rate? A staggering 16.28%, … Read more

Women and Wealth: Strategies for Financial Independence

In the bustling markets of Addis Ababa, I’ve often been inspired by the resolute women who power the economy with their determination and entrepreneurial spirit. The financial world, however, is not always as accommodating or empowering. Unique financial challenges faced by women often stand in the way of building wealth and attaining financial independence. Whether … Read more

Building Healthy Credit Habits

credit score report

In today’s fast-paced and interconnected world, credit has become an integral part of personal finance. It serves as the financial bridge that connects our present to our future, allowing us to make essential purchases like homes and cars or start a business. Yet, for something so vital, credit remains shrouded in mystery for many. Misconceptions … Read more

Aristotle’s Currency: Money as a Social Connector

aristotle thinks about money

Money: it’s a concept that transcends time, location, and culture. The understanding of money as a “substitute for need,” articulated by Aristotle, reaches far beyond the marbled streets of ancient Athens. From simple trade to global economics, the philosopher’s vision of money as a social bond offers profound insights into our modern financial lives. In … Read more

Is Debt Inherently Immoral?

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

From Credit Newbie to Score Guru

cropped view of woman showing credit score at office

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

What Gen Z Needs to Know About Credit

Gen Z creative team working on software programming in office

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

A Student Loan Guide for Gen Z

sad genz is sad

The Gen Z cohort is coming of age and stepping into the realm of higher education, and for many, this means encountering the complex world of student loans. With the total U.S. student loan debt exceeding $1.7 trillion, it’s clear that student loans are a significant part of many individuals’ financial lives. Therefore, it is … Read more