Why Is the US Dollar So Omnipotent?

While there are thought to be more than 170 standalone currencies dotted across the globe, just a select few comprise the world’s major currency pairings. The US dollar (USD) is by far and away the most dominant international currency, with the greenback on one side of approximately 88% of all forex trades. But why is the USD considered to be the world’s currency, and what are the benefits of investing in this asset? Why is the Dollar Known as the World’s Currency? In addition t...

Many people are woefully uninformed when it comes to finances. The more you know about a subject, the easier it is to make good decisions. Unfortunately, since many people don’t understand much about personal finance, they end up making poor decisions. And these poor decisions have some nasty consequences. Many people don’t have money set aside for an emergency. Others have debt that they likely will never pay off. And others are one missed paycheck away from losing everything. All of...

Nobody likes to think about death, but if you embrace the fact that you're going to die instead of running away from it, you're far more likely to make better decisions in the present. This is because once you've accepted that you only have one life, you'll be able to make the decisions that matter most, rather than feeling like you need to keep up with Joneses. Perhaps nowhere is this as apparent than in the world of personal finance, where the decisions that you make now can make ...

When the expenses of daily life seem overwhelming and your bills are piling up, it can be difficult to know what to do. Perhaps you have been working hard and maintaining a steady income, but your existing debts are a continual burden due to large interest payments. These circumstances can take a negative toll on both your physical and financial well-being. If you are in such a situation, there are many options available to relieve some of this burden. Whether you consult with a personal...

Let’s face it – at one time or the other during our lifetime; we will be hard-pressed for money. Whether it is to pay the rent of the house you live in, pay the medical bills for grandma’s knee surgery, or to see yourself graduated with a degree – we will be in need of money that we do not have. These situations can get pretty overwhelming, pretty quick, and we will most often be left confused with what to do. Situations that leave us financially challenged can get very stressful At f...

Today we have an article written by Jim Wang, the author of one of the first financial blogs I started reading many years ago (which he later sold for 7 figures). He now shares his knowledge at wallethacks.com. -- When I was younger, I thought that if you wanted to invest money it had to be in the stock market. As I got older, I learned that there are hundreds of options. The stock market is one of the most popular but sometimes you don't want that volatility. You may want to put yo...

When it comes to managing their finances, Australians aren’t exactly the best. In fact, according to OECD Data, household debt to income in Australia rose from 104% to 212% between 1995 and 2015. To break the debt cycle, you need to have a better understanding of what your income and expenses are to start managing your money more responsibly. Once you have a better idea of your financial position and obligations, it makes it easier to manage essential payments like rent or mortgage, bil...

Everything You Need to Be Considering For homeowners, a mortgage is an unfortunate fact of life. Whether you got a great deal on a property or not, the debt you take on still negatively impacts your financial situation. However, there are some upsides to shouldering a mortgage – primarily when it comes to your taxes. In some cases, any interest that you pay on your mortgage is tax deductible if you correctly itemize it on a tax return. Of course, this isn’t true for every situation, and ...

Traveling and accumulating money is easier to do now than ever before. There are currently over 54 million freelancers working in the United States alone. By the year 2020, freelances should make up 43% of the workforce. Freelancers work where they want and generally set their own schedules. This is an ideal scenario for those of us who are interested in traveling. There are many ways you can still accumulate wealth while traveling. Thanks to the growing number of remote jobs...

While credit plays an important role in our lives, it’s still surprising how little some people know about it. Many myths are still floating around about credit that might seem to make sense at first but could end up ruining your credit instead. By understanding how credit works, you won’t only be able to maintain or improve your credit, but you can also increase your chances of getting financing in the future. Here are some of the most common myths and misconceptions about credit and the t...

Money 101

Why Is the US Dollar So Omnipotent?

What Is Financial Literacy And Why You Need To Learn It

Preparing Financially for the End of Your Life

Dealing With Debt – How To Effectively Manage Debt Repayments

When Are Personal Loans A Good Idea?

5 Low-Risk Investment Vehicles For Worry-Free Savings

5 Ways you can Effectively Manage your Money

Is Mortgage Interest Tax Deductible?

Can You Really Travel While Accumulating Wealth?

6 Credit Myths that should be Dispelled Right Now