Blog - page 9

Advantages and Drawbacks of Dollar Cost Averaging

Darryl Bachmeier Jul 22, 2020 Finance

Some of you have heard of dollar cost averaging. It sounds interesting and it looks promising. If you are considering using it, keep in mind that first, you need to know all about the pros and cons of this strategy. There is no need to add you need to know what it is as well. Without further ado, let’s begin. What is dollar cost averaging? Dollar cost averaging is an investment strategy that has been with us for a long period of time. It means that you, an investor will invest lower amounts of money on a regular basis into stocks or something with the price that changes regularly. We used the stock exchange as the best and actually the most common example where we can see dollar cost averaging. So you can either invest $10000 at once, or you can invest the same amount but in regular investments of...

Active versus Passive Investing

Darryl Bachmeier Jul 20, 2020 Finance

Financial literacy can help you maximize your income potential. It elevates your goal setting from survival to savings. And one of the core lessons you have to learn is investing. Investing gives your cash more power by beating inflation. It also prepares you for the future – the time when your priorities shift and you want to take a rest from work. In the same way, your investments can help you get through life’s uncertainties like disability, sickness, crisis, or loss of income. Some people can also use the profits from their investments to fund future projects or have something to pass on to their children. Regardless of the purpose, investing is a wise decision today that can help you tomorrow. Though, not everyone’s equipped with knowledge on how to start one. Financial literacy has many confusing aspects since it is dealing with calculated risks and predictions. It takes time...

Cheap Countries to Retire In

Darryl Bachmeier Jul 19, 2020 Finance

Departures are always hard to handle, but the ones which you expect for good are even difficult to handle. What is the fear behind it? It’s an idea to live a smooth, comfortable yet luxurious life while remaining within the assigned budget. It is not easy to live both stylish yet cheap living without having to worry about breaking the set boundaries of a bank account. The article highlights things which need to be considered once looking for a country to live a retired life. First and the foremost thing to be considered in determining the amount of money you have in hand. The money which you have to live within one month and how much saving you intend to make at the end of the month. There are some countries where the cost of living is cheap but these may not be your preferred choices to live after retirement....

Money Jar system - A life saviour for All

Darryl Bachmeier Jul 18, 2020 Finance

Life is a roller coaster and no none knows what comes next. Urgency, pressing requirements, and emergencies keep coming every now and day. No matter what the situation is, the requirement of money is always at the back end. If you are not saving oriented, then such a situation can put enormous pressure on you. On the other hand, if you think you need some guidance on how to save money then you have reached the right spot. The article discusses 6 main points on money jar system, which if adopted can help any person during the dire need of money without having to worry about anything else. Concept behind Money Jar System This system is very effective and easy to be managed by everyone. Same has even worked for several people in different wats. It is simple as dividing your jar into six main categories for fulfilling specific requirements/...

Taking Responsibility for your Life

Darryl Bachmeier Jul 17, 2020 Life

There is no doubt that you have been admonished to take responsibility for your life a number of times from various sources. Life itself can be so stressful at times that it leaves one confused and in search of the next right step to take. It can be easy to turn the blame on others and the circumstances surrounding your life whenever you hit rock bottom. The question is how long will this go on. At some point you will have to take the bull by the horn and become responsible for yourself. Choosing to step up to the game and take responsibility for yourself is one of the most important things you can do for your life. It puts you in full control of your future, at a position where everything that happens to you does so because of something else you did, not due to another random cause....

Supporting Your Partner

Darryl Bachmeier Jul 16, 2020 Social

People enter relationships in search of a number of mutual benefits. One of such is the support that comes from having someone to lean on when we face challenges. This support isn’t one that comes occasionally. It should be something that is readily available at any time of any day. This support is needed especially when one’s partner is going through a major change or transition in their life, such as during the start of a new business or the loss of a family member. If one party in the relationship refuses to bring their own quota to the table, the other may begin to feel detached and unwanted, leading to a toxic relationship. The support from partners can come in different forms, such as financial, emotional or spiritual support. The most important among these is the emotional support, because it serves as a basis for all the others. For...

Managing your Boundaries - How to Manage the People around You

Darryl Bachmeier Jul 16, 2020 Social

It is said that the people around you have the power to make or mere your life. Yes, that’s just the fact; the type of people you allow in your life is in a perfect position to make you fly and reach your highest peak, and on the contrary, they can also draw you down to your lowest. This is why you must take your boundaries seriously – protect them with your life if need be because there lies both your present and future. But before we proceed to talk about the way you manage your boundaries, you should ask yourself, what and where is my boundary? It is simple, your boundary is ‘you,’ and you are your boundary! Your boundary is your convenience, your space, your everything; in other words, call your boundary your life. So, the kind of people you allow in there must be reviewed because if...

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