Retirement is the withdrawal from one's occupation or stead or from one's active operative life. So many young people are not interesting or even preoccupied with saving for retirement nowadays, considering the fact that is really going to affect them in a negative way in the long run.
However,dealing with retirement savings at a young age might not be too easy, it needs a dedicated and a disciplined future considering mindset. it's still something everyone needs to handle as soon as possible.
5 Reasons why you need to plan for your retirement
Here are four good reasons why you need to save for retirement;
You wouldn't want to be a burden on your children.
The compound effect of investing in that account over time can earn you a more co...
To invest is to set aside money in the prospect of some benefit in the future. In finance, an investment is a monetary asset acquired with an idea that the asset will definitely provide an increased income in the future. The benefit from an investment is called a return.
We all know the significance of investment, but a lot of us have chosen to lay low rather than investing early in our professional lives.
We stay more focused on getting new gadget, appliances, buying the latest Smartphone etc.
More so, the most fundamental reality is that people really don’t understand that, the smallest of investments can make a very massive impact on your finances in the long run.
The Need To Invest
Investing early does not only builds a ...
First of all there are many appreciations about Malta. Because some consider it a tax haven, others to launder money, among many other things. But all that is not entirely true.
Malta despite being an archipelago of islands located in the Mediterranean Sea and one of the smallest countries in Europe, has one of the most stable economies.
Malta's economy is heavily industrialized and modernized. It is not only a tourist destination par excellence, but a good place to invest.
Malta has the best foreign investment incentives on the European continent. This country has clear and precise legislation on companies. And best of all, they accept documents in English, which is great, documents for business constitution and accounting.
Malta also has advanced online systems to make tax r...
A global recession is a temporary economic decline in the trade and industrial activity that affects many countries around the world.
It is a period of global economic slowdown or down turn of economic output which is generally identified by the fall in the GDP in the successive quarters.
Many companies, enterprises and entrepreneurs due to the corona virus Covid 19' pandemic are now suspending all economic operations .
However, currently (April 2020) the economic growth is decelerating in many countries.
The Global Economy
The current estimates has shown that in 2020, the global economic will perhaps slow down its increase in several percent compared to the previous year.
More so, the effect of the Covid 19' pand...
Christmas times are considered as a period in the year, in which we usually spend more money than the rest of thr months.
These expenses are consequences that are usually due to the excesses we live on those dates, which are:
Large banquets between family and friends. Extraordinary parties. New clothes for both adults and children. Gifts for the little ones in the house, ranging from toys to electronic devices. Gift exchanges between adults. Christmas ornaments such as the tree, the manger and the lights. Assistance to parks and shopping centers for Christmas bazaars. Donations to the needy. And if you live in North America from the month of November, the festivities of Thanksgiving and the popular Black Friday (where they put all the merchandise on offer) begin.
Today I am going to talk to you about a fundamental tool to take more advantage of your money and have a reserve fund for any investment or any unforeseen event that may arise. It is the Pre-Savings tool
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