Understanding the Concept of a Housing Bubble Understanding the Concept of a Housing Bubble (image credits: wikimedia) A housing bubble is a situation where house prices increase rapidly to levels that are unsustainable, often driven by speculation. It’s like a balloon that keeps inflating—everyone knows it can’t keep going forever, but predicting when it will ...
Bitcoin’s Meteoric Rise Bitcoin’s Meteoric Rise (image credits: pixabay) In 2009, Bitcoin was just a curious experiment in digital currency, trading for mere cents. Few could have predicted its future impact on the financial world. Early adopters who had the foresight, or perhaps just the luck, to invest in Bitcoin when it was still an ...
Five Stages of a Bubble Five Stages of a Bubble (image credits: unsplash) Economic bubbles typically progress through five distinct stages: displacement, boom, euphoria, profit-taking, and panic. It all begins with displacement, where a new paradigm or innovation captures the imagination of investors. This could be anything from a technological breakthrough to a regulatory change. ...
The Number of Digital Nomads Is Exploding The Number of Digital Nomads Is Exploding (image credits: unsplash) In recent years, the world has witnessed a remarkable surge in the number of digital nomads, now surpassing 35 million globally. This burgeoning community of remote workers has grown rapidly, fueled by advances in technology and changing work ...
Set Up Direct Deposit for Income Set Up Direct Deposit for Income (image credits: pexels) The first step to financial automation is making sure your income reaches you efficiently. By setting up direct deposit, your paycheck is automatically funneled into your bank account. This method eliminates the need to deposit checks manually, saving you time ...
Unseen Maintenance Expenses Unseen Maintenance Expenses (image credits: wikimedia) When you buy a home, you’re not just purchasing four walls and a roof; you’re also taking on the responsibility of maintaining it. Unlike renting, where a landlord typically handles repairs, as a homeowner, you bear the burden of unexpected maintenance costs. From a leaky roof ...
When you hear about generational wealth, it might seem like an unattainable dream, something only the ultra-rich can achieve. But the truth is, many families strive to build and preserve wealth to pass down to future generations. However, the path to maintaining this wealth isn’t always straightforward. In fact, the majority of families face struggles ...
BRICS Is Expanding Its Influence BRICS Is Expanding Its Influence (image credits: pixabay) Originally formed by five major emerging economies—Brazil, Russia, India, China, and South Africa—BRICS is now expanding its reach. In 2024, the group welcomed Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia into its fold. This expansion is not just symbolic; ...
Bank Maintenance Fees Bank Maintenance Fees (image credits: pexels) Bank maintenance fees are often a silent drain on your bank account. These are monthly charges that some banks impose if you don’t meet specific requirements, like maintaining a minimum balance. Imagine your money being slowly sipped away just because you didn’t keep an extra $500 ...
Top 10 Alternative Investments Compared to Your Savings Book Savings accounts have long been the go-to option for those looking to store their money safely. But with traditional savings accounts offering modest interest rates—often averaging around 0.42%—many are exploring alternative investment options that promise higher returns. In this article, we delve into ten such alternatives, ...
Jack Smith, B.Sc. Economics
Jack Smith, B.Sc. Economics
Jack Smith, B.Sc. Economics