The World's Best Book Summaries
What was the 1997 Financial Crisis? Which countries were affected? The 1997 Financial Crisis that hit many Asian countries significantly affected their economies given the momentum, extent, and vitality under which the meltdown occurred. The crisis greatly affected various nations including South Korea and other Asian Tigers. In this article, you’ll learn how the 1997 Financial Crisis started, and what happened in its aftermath.
Are you looking for a complete beginner-friendly introduction to investing? Why do money gurus recommend starting to invest while young—ideally, in your twenties? Investing is the best way to grow your money into more money, and starting early is crucial to maximizing that growth. However, so many young people miss out on lucrative returns by not investing. In this article, we’ll go through the basics of investing: the benefits of starting young, the types of asset classes you could invest into, and the difference between investing into actively managed mutual funds and passively managed index funds.
How should married couples handle their money? Should you keep a joint bank account? Completely merge your finances? How can you bring these issues to the table in a constructive and non-intrusive way? How much you choose to talk about money with your family is up to you. But if you have a serious romantic partner, conversations about money will be impossible to avoid. In this article, you’ll find advice for three common sticking points when it comes to marriage and money: talking about money with your partner, paying for a wedding, and prenuptial agreements.
Do you avoid using your credit card out of fear of overspending? What are some things you can do to minimize credit card liability? Once you have a credit card you’re happy with, you need to learn how to use it responsibly. Otherwise, it’s all too easy to forfeit the benefits and wind up saddled with debts and fees. Here are six tips on how to use a credit card responsibly.
How did South Africa become a neoliberal economy? How has neoliberalism affected post-apartheid South Africa? Post-apartheid South Africa was tricked into embracing neoliberalism. The ANC didn’t see the trap until it was far too late. With their energy focused on winning Parliament, they accepted neoliberal economic compromises that would make realizing their goals impossible. In this article, you’ll learn about the arrival of neoliberalism in South Africa,
Do you have to be rich to invest? How much money do you need to get started? According to financial educator Ramit Sethi, investing isn’t just for the wealthy—even minimum-wage earners can start investing if they get to grips with their finances. In his book I Will Teach You to Be Rich, Sethi provides a six-step investing roadmap to help you get started on your investing journey, no matter your current income. Keep reading for Ramit Sethi’s six-step process for getting started with investing.
Are you a responsible spender? Or do you often find yourself wondering where your money actually goes? Does your credit card bill often come as a surprise? Most people are guilty of having no idea where their money goes or how much they’re spending on different things. As a result, they’re constantly feeling guilty about spending money because they don’t actually know how much money they have to spend, so each purchase could mean a nasty surprise on that month’s credit card bill. In this article, you’ll learn about mindful spending and how you can spend even more than you
What is Naomi Klein’s The Shock Doctrine about? How does Klein define “disaster capitalism”? The Shock Doctrine, by Naomi Klein, is a study of the history of economic shock therapy, which is a method of (supposedly) boosting a country’s economy through rapid deregulation, privatization, and severe cuts to government spending. It also examines how economic shock therapy gave rise to what Klein calls the disaster capitalism complex: a privatized system of destruction and reconstruction that funnels billions of dollars into corporate pockets. Below is a brief overview of the key takeaways.
Are you looking for The Psychology of Selling book quotes? What are some of the most noteworthy passages worth revisiting? In his book The Psychology of Selling, Brian Tracy explains how you can become successful at sales by understanding the psychology behind top salespeople. He walks you through basic and advanced selling techniques, demonstrating how you can dramatically increase your sales success by improving your skills just a little bit on a consistent basis. Below is a selection of quotes from The Psychology of Selling by Brian Tracy.
What kind of account is a Roth IRA? What is the difference between a Roth IRA and a 401(k) retirement accounts? A Roth IRA is an individual retirement account that allows you to deposit and grow your after-tax earnings tax-free. Unlike a 401(k), you don’t need an employer to sponsor it (and there’s no employer match option). Roth IRAs also allow you to invest however you want rather than making you choose between a few pre-selected funds like a 401(k). In this article, we’ll explain how to start a Roth IRA so you can begin saving for retirement.