The Allure of Instant Wealth The Allure of Instant Wealth (image credits: unsplash) Many people fantasize about winning the lottery, dreaming of a life filled with luxury, freedom, and endless possibilities. However, the reality of sudden wealth is not as glamorous as it seems. According to a report by the National Endowment for Financial Education, ...
Create a Detailed Budget Create a Detailed Budget (image credits: pixabay) Creating a detailed budget is like laying the blueprint for your financial house. According to a 2023 report by the National Endowment for Financial Education, only 32% of Americans keep a detailed budget, which is surprising given its importance. By tracking every penny you ...
Understand Your Financial Situation Understand Your Financial Situation (image credits: wikimedia) Before stepping into the rental property market, it is crucial to have a clear picture of your financial status. It’s like setting sail without knowing the weather conditions; you need to be prepared. A good place to start is by checking your credit score, ...
Understanding Market Cycles Understanding Market Cycles (image credits: pixabay) To build a stock portfolio that can survive any market crash, understanding market cycles is fundamental. Markets naturally go through periods of growth and decline, much like the changing seasons. The National Bureau of Economic Research notes that expansions typically last around 58 months, while contractions ...
Understanding Social Class Understanding Social Class (image credits: unsplash) Social class is more than just a label; it’s a framework that influences various aspects of our lives, including our financial perspectives. At its core, social class is a hierarchy based on economic status, education, and occupation. The Pew Research Center categorizes social class into three ...
The Rise of the Tiny Home Movement The Rise of the Tiny Home Movement (image credits: pexels) Tiny homes, often under 400 square feet, have been gaining popularity as more people seek to downsize and simplify their lives. The movement started as a counter-culture trend but has now transitioned into a mainstream lifestyle choice. This ...
Living Below Their Means Living Below Their Means (image credits: wikimedia) Millionaires are often associated with lavish lifestyles, but many of them actually live below their means. This doesn’t mean they don’t enjoy life, but rather they make conscious choices about their spending. For instance, Warren Buffet, a billionaire, still resides in the house he ...
Flexibility in a Changing Market Flexibility in a Changing Market (image credits: pexels) In 2025, the real estate market is anticipated to be more volatile than ever. The economic shifts have led to unpredictable property values, making it challenging for potential homeowners to predict the future worth of their investments. Renting provides the kind of ...
The Historical Dominance of the US Dollar The Historical Dominance of the US Dollar (image credits: unsplash) The US dollar, often referred to as the “greenback,” has long been the cornerstone of global finance. Since the end of World War II, the dollar has held its place as the world’s primary reserve currency. Countries around ...
Understanding the Basics of Index Funds Understanding the Basics of Index Funds (image credits: wikimedia) Index funds may sound complex, but they are quite straightforward. Imagine a basket that holds various fruits, each representing a different stock. Instead of buying each fruit individually, you purchase the entire basket. This is what an index fund does; ...
Chris Divay, B.Sc. Finance
Matthias Binder, M.Sc. Financial Engineering
Axel Wellington, B.Sc. Economic Policy