It is easier for people to save than invest because savings have virtually no risk and are usually short-term unlike investing which carries some risk and should be long-term. Also, with savings, you just put money away but investing means putting money in something and that something requires thought. You want to know that whatever is invested… Continue reading When should I start investing?
Category: Finance
The Goal of Investing
Everyone feels cheated when they get to the market and the price of rice has increased without an equivalent increase in the quality or quantity of the rice. We make remarks like “Nawa oo”, “what’s the meaning of all these now”, “why is the government doing this?” and many more similar remarks. What we are… Continue reading The Goal of Investing
Investment Fraud and How To Protect Yourself
Fraud isn’t new and can be dated as far back as the 1920s. A con artist named Charles Ponzi defrauded many Americans by promising unbelievable returns from a strange scheme where he was using new investors’ money to pay off existing investors. This trick was in play for years, from when Bernie Madoff was convicted… Continue reading Investment Fraud and How To Protect Yourself
How to Talk About Money With Your Partner Without Having An Argument
It’s the season of love and we know most of us are already gearing towards the 14th. So in line with this, we will be discussing how to talk about money with your partner, and how to achieve your financial goals as a couple. For those who aren’t married yet, please marry someone who is… Continue reading How to Talk About Money With Your Partner Without Having An Argument
Don’t Make Money Your Mission
In all the talk about financial freedom, wealth building and investments it’s easy to lose sight of some important things, so we feel it’s our responsibility to remind you of this: the goal of life is not to end up with the highest net worth possible. While money is important, money is not the ultimate… Continue reading Don’t Make Money Your Mission
How the Black Tax perpetuates poverty and how to beat it
Most of us are being held back financially by something known as The Black Tax. If you don’t know what the Black tax is, let’s break it down for you. The black tax is a situation where your finances are expected to not only take care of you and your immediate family but also your… Continue reading How the Black Tax perpetuates poverty and how to beat it
How To Make The Most Of Black Friday Shopping
It’s Black Friday shopping season and as I’m sure you’ve all noticed, retail and shopping outlets have started advertising eye popping deals to entice buyers. Here at MoneyRise we want you to make smart money decisions, so we are going to share some quick tips about how to make the most of the Black Friday… Continue reading How To Make The Most Of Black Friday Shopping
Stocks 101
There’s been a lot of talk lately about buying stocks, trading stocks, investing in stocks, stock market etcetera. So you can’t be blamed if you are currently wondering, what even are stocks? Well, let us help you answer. Stocks are small units of ownership in a business that you or anyone can purchase. When you… Continue reading Stocks 101
Dollar Investment 101
Stable currencies are to investments what stew is to rice. For the best results, they absolutely have to go together. This is because your investments are supposed to be long term and if your currency is constantly being devalued, then no matter the returns you’re earning on them, your investments are probably losing, rather than… Continue reading Dollar Investment 101