Grit Daily Personal Finance
High-Interest Checking Accounts: Pros, Cons, and Should You Consider One?
The pandemic has drawn investors, customers, and borrowers into banks as interest rates dropped to near zero. In the last two years, the economy has regained its footing as businesses continued to recover and rebound. Consumption and production rose amid improved labor market conditions. Housing demand skyrocketed as properties became more promising investments. However, all […]
How to Stop Worrying About Money and Start Thriving
Money is a major source of stress for many of us. This shouldn’t come as a surprise. Without money, we can feel anxious and insecure, since we do not have the means to meet our basic needs. In fact, according to a Capital One and Decision Lab survey, more than three in four (77%) Americans […]
TikTok Personal Financial Advice Not to Take
TikTok, widely popular for its short videos, remains the fastest-growing social media application. It has snowballed since its introduction in 2016, amassing 3 billion downloads and penetrating a third of all social media users in four years. By comparison, Facebook and Instagram took nearly a decade to achieve a similar user base. Anyone who goes […]
15 Hobbies That Can Boost Your Income
Research shows that hobbies can be psychologically beneficial and improve our well-being. In addition to allowing you to relax and de-stress, hobbies can also provide you with an additional income stream. In fact, you really can’t go wrong with a hobby if you’re looking for a side hustle. To that end, here are 15 hobbies […]
Asset Allocation in an Online World: Building a Diversified Portfolio
Portfolio diversification remains the cornerstone of sound investing. Today’s tech-driven and hyperconnected world provides approaches beyond traditional asset allocation. In the digital age, new tools and platforms offer investors unprecedented opportunities. Through greater access and information availability, investing has opened up to all ages and markets as it never has before. Exclusivity in finance is […]
58 Millionaire Mindset Quotes to Transform Your Finances
In order to achieve financial success, you need to have a positive mindset. For example, the more positive you are about your ability to become a millionaire, the more likely you are to succeed. However, if you have limiting beliefs about money, you may sabotage your efforts. The good news? It is possible to change […]
How to Leverage Your Small Business for a Comfortable Retirement
Retirement often feels like a far-off dream for busy entrepreneurs. You’re so focused on the day-to-day demands of running a business that planning for your eventual exit seems like a luxury you can’t afford. But ignoring retirement planning is a risky gamble that could leave you financially unprepared when you decide to transition out of […]
Ten Reasons Delaying Retirement Can Be a Good Decision
People view retirement as the ultimate reward for decades of hard work. Many look forward to the day they can say goodbye to the monotony of the daily punch clock and finally kick back to enjoy the precious golden years. However, those who study retirement closely will find no one-size-fits-all strategy on how and when […]
How IRAs Can Maximise Your Retirement Savings
Want to enjoy your retirement without worrying about your finances? Now is a wonderful moment to start learning how to set up an IRA if you’ve been putting it off. Similar to employer retirement plans like 401(k)s, IRAs provide a different method to save for retirement. Additionally, just like 401(k)s, IRAs offer tax benefits to […]
10 Useful Tips to Achieve Financial Discipline
Confused about where your money goes? Why aren’t you saving as much as you’d want? Why your credit card debt isn’t dissipating. If so, you might be overspending on buying clothes, going to expensive restaurants, or not monitoring where your investments are going. Unless you don’t have financial discipline, you won’t be able to achieve […]