Information you can browse through
Terminology
Saving – Setting aside funds with the intention of spending it later. This could be for an emergency fund, saving for a new car, etc.
Investing – Setting aside funds with the intention to grow your asset base (net worth) to secure your retirement (financial freedom).
Assets – Things that you own. These can be cash or something you can convert into cash, e.g. property, shares, etc.
Compound Interest – Interest earned on the principal amount and accumulated interest earned from previous periods.
Cash flow – The measure of actual cash flowing in and out of your life.
Liquidity – How quickly you can convert assets into cash.
FIRE – “Financial Independence, Retire Early (FIRE) is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow”. – Investopedia
Website Links
Investopedia –https://www.investopedia.com
Investing.com – https://www.investing.com
Compound Interest – http://www.moneychimp.com
Cryptocurrencies – https://coinmarketcap.com
Budgeting – https://www.22seven.com
Credit Check – https://www.transunion.co.za
Share Trading – https://www.easyequities.co.za
Books
Robert Kiyosaki – Rich Dad Poor Dad
Brian Tracy – Eat That Frog!
Warren Ingram – Become your own Financial Advisor
Anthea Gardner – Make Your Money Work For You
Comments
Warren Buffet, “If you don’t learn how to make money while you sleep, you will have to work until you die.”
Albert Einstein once described compound interest as “the eighth wonder of the world”. “He who understands it, earns it; he who doesn’t, pays it.”
Brian Tracy, “It doesn’t matter where you came from. All that matters is where you are going.”
George Bernard Shaw, “Success does not consist in never making mistakes, but in never making the same one a second time.”
Vidal Sassoon, “The only place where success comes before work is in the dictionary.”
Dalai Lama, “Happiness is not something ready-made. It comes from your own actions.”
Confucius, “It does not matter how slowly you go as long as you do not stop.”
“The man who asks a question is a fool for a minute, the man who does not ask is a fool for life.”
“The man who says he can, and the man who says he can’t are both correct.”
