Money Bible Verses: On Investing

Many people invest. Some of them get returns, some get losses. But other people don’t even care to invest, and most of them fall into debts and poverty. In the financial realm, investing can be a good move for any person who wants to achieve financial freedom. Psychologically, it can also strengthen a person’s behavior [...]

The secret formula to get out of debt

What is the real secret formula to get out of debt? Actually there is no secret formula to be free from your creditors. There are just some basic financial formulas. But because most people often forget the basic things, those formulas were putted into oblivion. They are ignored and become secrets to people who subsequently [...]

How to earn more profit: 5 ways to succeed

So how can we earn more profit? How can we achieve more income to cover our costs and expenses? Earning more net profit is not impossible. However, you must bear in mind that it cannot be done overnight. It takes a lot of knowing yourself and knowing your surroundings. Placing ourselves from financial security lies [...]

What is a statement of comprehensive income (income statement)?

The statement of comprehensive income illustrates the financial performance and results of operations of a particular company or entity for a period of time. It is one of the five basic components of a complete set of financial statements, the other four being the statement of financial position, statement of cash flows, statement of changes [...]

What is a Mutual Fund? Risks and Advantages

What is a mutual fund? From the words “mutual” and “fund”, a mutual fund is a collective investment system that pools funds or money collected from several investors to invest it in stocks, bonds, real-estate, short-term money, market instruments and or other types of securities. A fund manager trades the pooled fund in a regular [...]