The world has been facing a significant financial problem in recent times that has been triggered by the COVID-19 pandemic. With the pandemic causing widespread shutdowns of businesses and industries, millions of people have lost their jobs, and many businesses have closed. This has resulted in a global economic recession, with many countries experiencing a […]
Do you know what taxes are? Taxes are the money that we pay to the government. The government uses this money to provide us with public services like roads, schools, and hospitals. But did you know that taxes can also be a powerful tool to help us become wealthy? In Finance Impact’s post of today, […]
Feeling passionate about business and want to start early? You are not the only one with that thought. Currently, there are many young students who are looking for business opportunities to develop themselves and contribute to society. However, to be successful in business, they need to focus on “Mind Your Own Business”. Join Finance Impact […]
As you grow up, you’ll probably hear a lot of people tell you what you should do with your life. They might tell you to go to school and get a good job, or to work hard and save your money. But one thing that’s really important is learning to mind your own business. Now, […]
Financial freedom is one of the concerns of many people, especially those who are on the path to personal finance. Today, we would like to provide some useful information about financial freedom! “Financial freedom” is the ability to own and be independent of one’s finances, helping us to live our own way without being limited […]
The middle class is a group of people who have jobs and earn enough money to pay for the things they need, like a home, food, and clothes. They are not rich, but they are not poor either. However, even though they make a good income, they often struggle to get ahead financially. This is […]
In the previous post, we came together to find out whether our home is a beneficial asset or a financial burden. Surely everyone now has a preliminary view of this issue So to avoid making our beloved home that we have spent so much effort to own and take care of, why don’t we find […]
Have you ever heard the saying, “Your home is your biggest asset”? Well, that might not be entirely true. In fact, some people believe that your house could actually be a liability. Let’s break it down. An asset is something that puts money in your pocket. It’s like a money-making machine! For example, if you […]
Do you know the difference between assets and liabilities? And have you ever heard of an income statement? These are important concepts to understand if you want to be financially savvy. First, let’s talk about assets and liabilities. An asset is something that puts money in your pocket. It’s like a money-making machine! For example, […]
Why is financial literacy important? Well, imagine if you didn’t know how to read or write. You would have a hard time communicating with others and understanding the world around you. It’s the same with money. If you don’t know how to manage your money, you might struggle to pay bills, save for the future, […]