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Set aside a small sum of money every month for investing in equities when you get your salary. As Indian citizens, we are glad to live in a free country. But often, we take our freedom for granted, especially when it comes to financial freedom. Money here today might be gone tomorrow. That’s why it’s important to be financially free, especially if you’re starting your investment journey at a young age. If you are in your 20s , or even in your 30s , on your first, second or even third job, and are just embarking on your financial journey, here are some handy tips to make sure you become financially independent. Also read | How women in their first job can take control of their money Invest in equities Set aside a small sum of money every month for investing in equities when you get your salary. Maher Dhamodiwala, founder of Financial Artists, a Mumbai-based financial planning firm, says that at a young age when liabilities are low or zilch, people should … [Read more...] about Just started working? Here’s how to become financially independent

Share to Twitter Share to Linkedin People are concerned about money. More than half ( 54% ) of the United States workforce cite money issues as a larger cause of stress than their health and relationships. Finding unique wealth-building strategies is an excellent way to feel ahead of the game, and the strategies don’t even have to be complex! Here are some simple tips for staying on top of your money game. Invest Your Spare Change in Crypto Crypto is a word people all around the world are now familiar with. However, the use of cryptocurrency is still a mystery to many. Bitcoin BTC was the first cryptocurrency to be outlined in principle in 2008 and is by far the most popular, with $1.03 trillion invested in it, representing around 40% of all crypto investments. The project was described by its creator, operating under the pseudonym Satoshi Nakamoto , as “an electronic payment system based on cryptographic proof instead of trust.” IRS … [Read more...] about 3 Wealth-Building Strategies You Haven’t Thought Of Yet

Having a baby can be an exciting time, but it can also carry significant expenses, depending on what kind of insurance coverage or assistance you have. Many pregnant people can find support through Supplemental Security Income (SSI) , which is an income program for low-income people with disabilities, and Medicaid, which is an insurance program for low-income people. In fact, Medicaid paid for 42% of all births in 2020. Public benefits that assist with the costs of pregnancy and childbirth are more commonly used by those living in rural areas and by minorities. Here, we'll explain what SSI and Medicaid covers during pregnancy and childbirth and who qualifies for this assistance. Key Takeaways You only qualify for SSI during pregnancy if you qualify for SSI on the basis of a permanent disability separate from your pregnancy. SSI is only available for low-birth-weight or disabled children in the hospital or a long-term care facility, unless your household is low-income … [Read more...] about SSI and Medicaid During Pregnancy and Childbirth

Share to Twitter Share to Linkedin Upside Investing represents a revolution in investment/spending strategy. It lets you set a living standard floor that only rises as a result of investing in stocks and other risky assets. The higher your floor, the lower your upside and vice versa. The stock market is, once again, going nuts — dropping relentlessly, then bouncing back, only to plunge again, but then recovering, well, kind of, and … This is, in short, excruciating times for those counting on the market to see them through retirement. Stocks have always been a high-reward, high-risk ride. But since the Great Recession, the market seemed reliable. No longer. Today’s economic and geopolitical world is crazzzy and the stock market doesn’t like crazzzy . We now face raging inflation, round three of COVID, lingering supply-chain disruptions, on-again-off-again Chinese production, global energy and food shortages (curtesy of Vladimir the Excrement), … [Read more...] about Finally, A Safe Way To Play The Market — Upside Investing

Share to Twitter Share to Linkedin Within the span of just four weeks last month, Nepalese Finance Minister Janardan Sharma resigned from office but was then reinstated after he was absolved of an alleged corruption scandal. The upheaval began in early July, when Sharma faced a parliamentary investigation after he was accused of allowing unauthorized, last-minute changes to tax rates in the country’s budget. Sharma stepped down to allow for an internal investigation, which failed to find wrongdoing, and he was reinstated at the end of the month, according to Reuters. The saga has attracted a lot of public and media attention while another significant tax development has unfolded largely under the radar: Nepal is the latest country to implement a digital services tax. Under the new rules , foreign digital services providers with more than NPR 2 million in annual turnover (about $15,911) must register in the country and pay a 2% DST on their … [Read more...] about Shifting Goal Posts In Digital Taxation

Share to Twitter Share to Linkedin The wild party is over, and the United States is now dealing with the hangover. Americans are experiencing the adverse effects of consequential decisions made by the Federal Reserve Bank and the U.S. government. The institutions distorted the economy by printing too much money and spending trillions of dollars on various stimulus programs . To revitalize the economy in the wake of business shutdowns during the pandemic, the Fed—through quantitative easing—bought Treasury and agency mortgage-backed securities—amounting to around $8.5 trillion . The cascade of money flooding the market, in part, led to the rapid rise in inflation. Once inflation rose uncontrollably, it was clear that the jig was up. The Fed has no other choice than clamp down on the economy, which will catalyze job losses, to fight ruinous inflation. Inflation, Yet Another Tax These actions result in a lower quality of life for many people. … [Read more...] about Financial Anxiety Is Increasing As Inflation Surges, And People Are Living Paycheck To Paycheck

Globe Telecom has forged agreements to sell 5,709 of its towers to Miescor Infrastructure Development Corp. and Frontier Tower Associates Philippines for a combined P71 billion. The Ayala-led telecommunications company said on Friday that Frontier acquired 3,529 towers for P45 billion while Meralco unit Miescor got 2,180 towers for P26 billion. Globe added that it was in “advanced discussion” with a tower company for a separate sale and leaseback deal covering 1,350 towers in Visayas and Mindanao and related passive telecommunications infrastructure. The bulk or 75 percent of the proceeds from the transactions will be used to bankroll Globe’s aggressive network expansion program. The balance will be used for its debt servicing requirements next year. “We have always been looking for ways to monetize our tower assets and this record-breaking initiative marks our continued commitment to optimize our capital raising efforts and further strengthen the balance sheet,” said Rizza … [Read more...] about Globe Telecom sells 5,709 towers for P71B