While investing in debt funds is less risky than equity, investors should still be wary of the two main types of risk that can affect returns – interest rate and credit risk. Interest rate risk is the possibility that rising rates will reduce the fund’s value, and credit risk is the risk that the issuer of the bond may default on payments. The majority of the assets held by gilt funds are invested in government securities, which essentially reduces the credit risk to nil. Here, we’ll take you through all you need to know about these funds – from gilt…

According to my Rich Habits study, one of the reasons the wealthy accumulated so much wealth was due to the fact that they worked more hours than those who were not rich. Here’s some of the data: 44% of the wealthy worked 11 hours more each week than the non-rich. 86% of the wealthy who had full time jobs, worked 50 hours or more each week, whereas 57% of the non-rich who had full-time jobs worked less than 50 hours each week. 88% of the wealthy took fewer sick days than the non-rich. 79% of the wealthy, on top of…

I spent many years studying the rich and the poor in my Rich Habits Study and found that there were twelve problems almost everyone has to contend with in life: Health Problems Financial Problems Family Problems Neighbor Problems Home Repair Problems Car Problems Addiction Problems Job Problems Relationship Problems Death or Disability Problems Time Management Problems Weather Problems Each of these problems creates stress, worry and unhappiness for anyone affected by them. When I analyzed my study data, I discovered that, out of all of these modern day problems, the rich really only struggle with five: Family Problems Health Problems…

If you’re starting a small business, or own a business but have run into some money trouble, you might be tempted to take out a merchant cash advance (MCA). Sure, these are a quick way to get funding in an emergency, but they’re a terrible idea for business owners. I would never recommend going into debt, especially through an MCA lender, to finance a business—no matter what kind of sticky situation you might find yourself in. But first, what is a merchant cash advance? Merchant cash advances, otherwise known as business payday loans, are a type of immediate lender financing.…

No one enjoys buying life insurance, let alone researching which company to buy it from. But with the Internet, finding the best life insurance company (especially one that enables you to apply quickly online) is easier than ever. Like every other financial product, the life insurance industry has gone digital. You can now buy life insurance online, completing the entire process without speaking to an individual. As a former financial planner that sold life insurance the “old-fashioned way,” I’m impressed and amazed at how technology keeps pushing the envelope on efficiency. But as the industry makes its way online, there…

Image by Aaron Burden Turning 50 is a milestone. It’s not quite “senior,” but it’s far enough along in adulthood that retirement suddenly feels closer than ever. For many, it’s the decade when reality sets in and the window for making impactful financial decisions starts to narrow. But rather than panicking, this is the perfect time to take clear, strategic steps to set the stage for a retirement that’s not just financially secure but dignified. Retiring with dignity means more than having enough money to survive. It’s about maintaining independence, preserving quality of life, and avoiding the trap of relying…

Image Source: Pexels Unfortunately, many scams target older adults because scammers know that they are more likely to have more money and are easy targets. According to the FBI Internet Crime Complaint Center, roughly $3.4 billion in total fraud losses were reported by Americans over age 60 in 2023, up 11% from 2022. The average loss per case was nearly $34,000. Don’t fall for these 10 common senior scams. 1. Government Impersonation Especially around tax season, seniors should be aware of government impersonation scams. The IRS will never ask for personal information over the phone or by text. Seniors should…

Image by Priscilla Du Preez Few relationship questions spark more debate than this one: Is it ever okay to date a best friend’s ex? For some, the answer is a clear-cut “no”—a matter of loyalty and unspoken rules. For others, relationships are complex, and love doesn’t always follow a socially approved script. But where does that leave the people caught in the middle of this emotional minefield? While every friendship and romantic history is different, one thing remains consistent: navigating this situation takes care, honesty, and a deep understanding of emotional consequences. According to relationship experts and psychologists, the key…

Image by Albero Furniture Bratislava Shopping for furniture can feel like a relaxed and leisurely experience…until someone treats the showroom like a playground or a personal living room. While most shoppers are respectful, furniture store employees quietly deal with recurring behaviors that make their jobs harder, the displays messier, and the shopping environment less enjoyable for everyone else. Behind every perfectly staged living room set or thoughtfully arranged bedroom display is a team of workers who spend hours making the store feel like home. But that illusion quickly breaks down when customers forget they’re in a retail space, not their…

Image by Viktor Bystrov In an era of rising prices, shrinking paychecks, and record-breaking corporate profits, “retail blackouts” have become the latest tool in the consumer protest playbook. On social media, waves of users are calling for collective no-buy days, swearing off big-box stores, fast fashion, or even online marketplaces for set periods of time. The message is loud: consumers are fed up, and they’re trying to hit companies where it hurts. But while the intention behind these blackouts is clear—sending a message to corporations through withheld spending—the actual impact remains up for debate. Are retail blackouts genuinely disrupting the…