Hidden Wealth

 In today's society, a single source of income may not always be sufficient to support our lives. With rising living costs and economic uncertainties, having a side hustle has become a need rather than a luxury. A side hustle is any form of activity or company that one does outside of their primary job, either to generate extra money or to follow a passion. It might be as easy as selling products online or offering freelancing services, or as sophisticated as launching a new company. Side jobs can provide not just financial benefits, but also personal fulfillment, skill development, and networking opportunities. A side hustle can not only supplement one's income but also provide a sense of stability and freedom in today's fast-paced and competitive society. Various factors have made having a side hustle important;  1.  Financial security. One of the most common reasons people starts a side business is to improve their financial security. With growing living costs and stag...

 Financial literacy and wealth are two terms commonly used in the world of personal finance. The relationship between the two may seem simple, but there is actually a lot of statistical evidence that financial literacy and wealth are closely related. This blog explores the statistical relationship between financial literacy and wealth and how they coexist.  What Is Financial Literacy? Before delving into the relationship between financial literacy and wealth, it is important to understand what financial literacy is. Financial literacy refers to the knowledge and skills necessary to make informed financial decisions. This includes understanding basic financial concepts such as budgeting, savings, investments, and debt management.  Why Financial Literacy Is Important? Financial literacy is important. Because financial literacy empowers individuals to make informed financial decisions that can significantly impact their financial well-being. When individuals have a solid und...

Living in America can be expensive, and it can be difficult to get by, particularly if you don't understand how the financial system works. To survive financially in America, you may do a lot of things, though. We'll go over some of the crucial actions you can take to increase your financial security and prosper in America in this article. 1.  Create a budget: Making a budget is one of the most important things you can do financially to survive in America. You can better manage your finances and stop overspending if you have a budget. Start by making a list of all of your sources of income and outgoing costs, such as rent, groceries, utilities, and other monthly payments. Next, rank your expenses and allocate money as necessary. Make careful to save money in case of emergencies or unforeseen costs. 2. Build an emergency fund: Building an emergency fund is another crucial step to surviving financially in America. A savings account called an emergency fund can be used to cover un...

  Almost every element of our lives, including our financial situation, has been significantly impacted by the COVID-19 pandemic. The epidemic has disrupted the global economy, leaving many people struggling to make ends meet due to job losses, business closures, market volatility, and economic uncertainty. We'll look at three of COVID-19's most significant impacts on our wealth in this blog. Here are the negative effects COVID-19 left us with; Reduced Income and Job Losses As a result of business closures or operational reductions in reaction to lockdowns and social segregation measures, the pandemic has led to significant employment losses and income decreases. Around the world, millions of people have lost their jobs, and many more have had their hours or income reduced. The effect on household incomes has been enormous, making it difficult for many people to cover basic living expenses. The pandemic has led to increasing debt, financial insecurity, and decreased income. Man...