Money management skills encompass a set of abilities and practices that enable individuals to effectively handle their finances. These skills include budgeting, saving and investing, debt management, setting financial goals, tracking expenses, comparison shopping, financial literacy, risk management, long-term planning, and regular review. Budgeting involves planning and tracking income and expenses, while saving and investing… Continue reading What Are the Money Management Skills?
Category: Economy
Fiat Money vs Assets Like Gold and the Pros and Cons
Almost everyone wants to have lots of money, but they still don’t know what money is. Have you ever heard about fiat money or fiat currency? There are some secrets behind this that the banks don’t want you to know. Read the words below carefully.
What Is the “Empire State Manufacturing Index”?
The “Empire State Manufacturing Index”, also known as “New York Manufacturing Index” is a regional economic indicator that measures the general business conditions in the manufacturing sector of New York State. It is compiled by the Federal Reserve Bank of New York and is based on a monthly survey of manufacturers in the state.
What Is “Prelim UoM Consumer Sentiment”?
“Prelim UoM Consumer Sentiment” refers to the preliminary report of the University of Michigan Consumer Sentiment Index, which is a widely recognized indicator of the general mood or attitude of consumers in the United States towards the economy. The index is based on a survey of approximately 500 households, which are asked about their current… Continue reading What Is “Prelim UoM Consumer Sentiment”?
Have You Ever Been Diagnosed With the Dutch Disease?
Although the Dutch Disease doesn’t create pandemics, it is not a rare disease either. If you look around carefully, you will see that it has already happened in many people and is ongoing in some others. What about you? Have you ever got this fatal disease? What should you do to avoid it, or not… Continue reading Have You Ever Been Diagnosed With the Dutch Disease?
What Are Real Assets? How Can You Get Real Assets and Avoid Fake Ones?
Crypto billionaires lost $110 billion in the past year. While some crooks (here) were saying that bitcoin would reach $100,000 and some of them were saying it would even reach $1 million, the crypto market crashed last year and has never been able to recover so far. Many crypto exchange platforms and MLM schemes stole… Continue reading What Are Real Assets? How Can You Get Real Assets and Avoid Fake Ones?
The Direction of the Economy and the Responsibility It Has Created for Us
Yesterday, the Federal Reserve increased the interest rate again, from 4.75% to 5.00%. Increasing the interest rate is the fastest and strongest remedy to control and decrease inflation. During the past several months, the United States has been increasing the interest rate constantly to lower the inflation. They have been trying to lower the inflation… Continue reading The Direction of the Economy and the Responsibility It Has Created for Us