Have you ever been on a food detox? For instance, a juice diet will require discipline and a limit of food intake to fruits and water for a few days to cleanse your body of toxins. A financial cleanse works the same way. If a food detox eliminates the bad stuff such as sugar, fat, …
Continue reading "FINANCIAL CLEANSING: A STEP-BY-STEP GUIDE"
Dostadning is a Swedish word that means decluttering that begins as people age. Death is inevitable and many families fail to prepare for this eventuality which could lead to financial and emotional implications due to the loss of the breadwinner. Organizing our financial lives serves as protection for the survivors. The purpose of this article …
I assume you are familiar with borrowing money from family members, friends, cooperative societies, banks, etc. In borrowing these funds, you either promise your friends with words of mouth or a collateral in the case of a bank. This is similar to how a bond works. A bond is an instrument used by governments or …
Ever heard the term financial statements or FS (as accounting professionals like to call it)? What does it really mean? Let’s find out! Financial statements refer to a set of structured, summary-level reports about an organization's financial results, financial position, and cash flows prepared at the end of its financial reporting period with comparative amounts for the preceding period …
This series – Avoiding the rat race - is a very important and significant topic in personal finance. Hence, it is necessary that keen attention is placed on the several areas covered as understanding them will set you up for an amazing journey to financial freedom. It is important for me to state that personally, …
Continue reading "Avoiding the Rat Race Part 3: Multiple Streams of Income"
So, it’s the end of the month and you just got your pay check. You are excited, finally you have some money in the bank. That feeling lasts for five minutes then you realize that you have to pay your rent, you need to fix your car, you have to hang out with your friends …
The history of cryptocurrencies is also the history of the Bitcoin, the world’s first decentralized cryptocurrency. It was introduced in 2008 by an anonymous developer name Satoshi Nakamoto. The name Satoshi Nakamoto however is believed to be a fictitious name for a group of developers who worked on the genesis block. Satoshi Nakamoto is the …
Broadstreet Financial Review 
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