Financial Literacy - What is Finance?

  Credit Cards Simplified !  Introduction Imagine having an a never-ending treasure with you. A type of device that would allow you to fulfil all of your materialistic wants with which you can buy things even if you don't have cash in hand! What a wonderful invention it would be right? What is I told you that such a device already exists and it is known as a credit card. A simple swipe or tap with this card can immediately help you acquire anything money can buy; be it gadgets, trendy clothes or sneakers.  Interesting Fact: Jonathan Werner , A Canadian investor and billionaire, once bought a $65m skyscraper with his credit card!! Credit Card in lament's language is a card which helps a consumer buy things instantly, the payment for which can be done later.  When a Credit Card is swiped, the banks basically make payment on behalf of the credit card holder, who clears off his dues at month end. One can take more than a month to pay off their credit card dues as well, ...

  TOP 5 MONEY MYTHS  DEBUNKED "Myths are a waste of time. They prevent progression" This striking quote by Barbra Streisand describes the current situation of the majority of people.  Here are five common money myths that have been preventing progression among people for a long time.  Saving makes you rich   A common misconception several people believe in is that saving alone has the power to make them rich. Although the practice helps one balance their household budget and prevents them from mindless spending, thinking that it will be enough to live without working is not true. Investing in the stock market is like gambling Unlike gambling, the stock market doesn't depend on luck and chance to win money. Instead, it serves as a platform for investors to make money by buying and selling stocks. With adequate research and analysis, one can decide to buy a particular company's stocks and lower the risk of losing money. Gambling does not allow for such decision-m...