Financial Education

One of the main reasons behind savings, investing, and debt problems faced by many consumers is a lack of financial education. According to Robert Kiyosaki,Financial independence is available to those who learn about it and work for it.” To make responsible financial decisions, manage money effectively, and gain financial freedom, we should be equipped with the appropriate knowledge and skills and continuously put them into practice.

It’s essential to be educated in areas that affect your financial future the most.

Articles to Improve Financial Literacy

Financial Concepts

In this tutorial, we explore some of the basic financial concepts you should understand to start managing your personal finances effectively. Knowing such fundamental principles as compound interest, time value of money and discount rate will help you achieve financial independence.

Psychological Concepts

We often make irrational financial decisions that can ruin our finances. Several cognitive and emotional factors within our brains have an influence on how we make choices. Marketing companies realize this and exploit our reactions to make us spend money. The purpose of this tutorial is to help you identify any possible irrational behavior (e.g., sunk cost fallacy, loss aversion), find out how to avoid or beat it, and build consistency and discipline with your finances. Get useful practical tips on how to implement better financial habits.

Car Buying Guide

For many of us, buying a car is one of the most important purchases in our lives. It has an enormous influence on our possibility to save, invest, and retire early. With this tutorial, you will be able to:

  • understand what you should concentrate on when buying a car
  • find out what comprises the actual cost of a car
  • explore your car purchase options
  • learn how to save money on your next car