Practicing Frugal Wealth The Art of Frugal Wealth The idea of frugal wealth challenges the traditional definition of what it means to be affluent. Frugal wealth is about leading a financially comfortable life without needless ostentation instead of associating wealth with luxury and indulgence. It’s a way of thinking that places a higher value on […]
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10 Common Financial Mistakes If you want to be good with your money, there are some mistakes you need to avoid at all costs. These ten money mistakes can set you back financially, from spending too much on unnecessary things to not saving enough for retirement. But don’t worry; I’m here to help you avoid
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Money and currency are terms often used interchangeably but refer to different concepts. Money is a medium of exchange, a unit of account, and a store of value. It facilitates transactions between parties and can take various forms, such as coins, paper bills, and even electronic transfers. On the other hand, currency is a specific
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During times of inflation most physical asset classes go up in value. Overall the rich most benefit from inflation as they tend to own the highest share of assets as a financial class of people. Many times the rich also use debt for leverage and inflation also depreciates the monetary value of that legacy debt.
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Money is anything that is accepted as a medium of exchange for goods and services. Money is fungible and divisible and allows for an exact exchange of value between two parties in trade. Money stores value and can be used to save current value for future exchange or pay off debts from previous purchases. Money
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There are seven financial sins that will keep you broke. Taken to excess they can even make you poor. Broke is a state of mind while poor is a condition of poverty. Broke is being deeply in debt but still getting a $8 coffee while being poor is not being able to buy groceries when
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