Advices from Babylon for Those with Financial Problems

If you are having financial problems or want to have an idea about finance, the first book you should read is The Richest Man in Babylon. Below you can find some summary of the recommendations given in the book. So let's start. You must secure your source of income for your future. Look at the old [...]

Why Financial Security Is More Important Than The Employment Security

Take Risk Low risk high return investments can be made. All you have to do is learn how to do it. Remember, when it comes to investing, knowledge always eliminates risk. Learning is not difficult at all. It is no different from learning to ride a bike. You may fall at the beginning, but after [...]

The Difference Between A Good Investor And A Bad Investor

Many people invest in mutual funds. When I ask someone, who is investing in mutual funds, he answers: “But I am also investing. I have a portfolio of mutual funds. I also have bonds and stocks. Isn't this all investment?”. Yes, saving is also an investment. Buying mutual funds, stocks or bonds is also an [...]

Why Accounting Knowledge Is Needed

In 1923, a group of great leaders and wealthiest businessmen held a meeting at the Edgewater Beach Hotel in Chicago. Head of the largest steel company Charles Schwab, president of the world's largest utility company Samuel Insull, president of the world's largest gas distribution company Howard Hopson, chairman of the board of International Match Company [...]