Updated: July 21, 2021 by FinPins
You don’t need a PhD. in finance to navigate through the complex money and personal finance matters in life. You can learn and get good quality finance education on FinPins to make informed decision and secure your financial future. Let’s start taking a few steps in the right direction of financial enlightenment.
Beginner’s Guide to Personal Finance
10 Steps to Manage Money Better
FinPins: 4 Pins to Keep on Your Personal Finance Board
Why the name FinPins?
Successful leaders always have their goals defined and have their eyes fixated on the goals. They prioritize and constantly remind themselves of the goals. Many of them use simple yet powerful methods such as writing the goals down in a pocket diary, on a whiteboard, or on sticky notes. When it comes to important items, I write them on pieces of paper and pin them on a board. For a successful financial life, here are the four pins I have on my board.
Tracking the flow of money coming and money going out on a monthly basis is a great habit. Analyzing and controlling the cash flow through proper budgeting is an even better habit!
Pin 2. Investment
Making regular investments can build great wealth over time. A diversified portfolio with multiple assets built on a strong foundation can give financial security for years to come. You can start with stocks, bonds and ETFs then level up your game to stock options, if you feel confident about it.
We don’t want anything bad happen to us, nonetheless we should have risk mitigation plans in place to cut down the severity of a bad event. Having the right insurance coverage helps us achieve that.
Every drop counts when it comes to preparing for financial independence and retirement. The earlier we strategize and start contributing, the more time the nest gets to grow.
Updated: July 21, 2021 by FinPins At some point in your life, the thought must have run through your mind – ‘let’s open a cafe or a sports bar.’ What’s better than having…
Updated: July 21, 2021 by FinPins The Endless Loop of Paycheck to Paycheck Lifestyle The general paycheck to paycheck lifestyle looks something like this – you work a job, i.e. contribute your t…
Updated: July 21, 2021 by FinPins A hot topic in the finance world in recent months, SPAC stands for Special Purpose Acquisition Company. But, what is a SPAC? Let’s break it down. An intuitive w…
Updated: July 21, 2021 by FinPins Here’s a quick take on how the consumer vs investor mindset would have played out for a Starbucks (or any coffee shop) consumer vs an investor. The same logic c…
Updated: July 21, 2021 by FinPins If you follow the news at all, you might be wondering ‘What is an NFT or non-fungible token?’ and what is all the fuss about? NFTs or Non-fungible Tokens …
Updated: July 21, 2021 by FinPins It can be immensely rewarding if you use credit card responsibly. On the other hand, it can extremely haunting if do not use credit card in the right manner. 7 Habits…
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