Every journey begins with a single step. Have you heard of that saying? You’ve probably heard of it and although it might sound cliche, it is extremely insightful. If you don’t have at least $1000 put away you have not taken your first…
The most basic question that one can probably ask regarding all things finance, economics, and money is “What is money?” We all know that a US Dollar Bill or a Euro is considered money, but most people have never really given thought to…What is investing? You know the word, but do you really know what it means? Are you investing or are you speculating? Knowing what investing really means and what constitutes investing (as opposed to speculation) might help you better wade through the many…
We all know (or should know) that having an emergency fund is crucial to successful financial planning. Having a rainy day fund is one of the first things people should do when controlling their finances.
An emergency fund, although part of your overall…
Many people think that saving money and investing it is hard. They feel that saving is on the opposite spectrum of fun and involves scrimping, denying yourself, and harsh self-discipline. Saving does apply self-discipline and can be challenging at times (especially for those…
The Law of Demand can be represented by the following graph – a downward sloping line with Price (P) and Quantity (Q) on the axes.
The Law of Demand states that Ceteris Paribus,…
Gold and silver might be good ways to diversify your portfolio and guard against risk and uncertainty (strategic portfolio risk management and mitigation). Still, you must be corrected if you make precious metals a significant part of your portfolio in most cases.
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