Category Archives: Finance

How to Sleep Your Way to Riches

Some people prefer to work for their money, while some people prefer if the money works for them. It is true that you need to have some capital in order to make money work for you, but even if your capital is small, you can still start investing. It is always a good idea to know pros and cons of various methods of investing. The more you know about them, the better it will be for you and the more money you are likely to make. Here are some options you might want to consider especially if you are a beginner:

-Bonds. The best thing about savings bonds is that they are special securities that many governments of many different countries offer. You do not have to live in the US in order to be able to invest in bonds. If you invest in bonds, the government of your country is going to use that money before you want your money back many years later.

-Savings accounts. Saving accounts are an obvious choice for many beginners. Be careful though. Some banks will offer you very poor rates, so make sure to find the bank that will offer you as high interest rates as it is possible.

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Teaching Your Teens about Money

Teaching your teens about money is a very important step you will need to take. If you do not teach your teens how to manage their money wisely, they will end up spending it randomly on things they do not really need. I would like to share with you a few tips that might and will be useful to you.

-Open a savings account for your teen as early as it is possible. Teach your teenager that saving money on a savings account is fun. Your teen will enjoy watching the balance on his account grow each time he deposits some money on it.

-Decide how much money you are going to give your teen each month for his expenses. If your teen knows that he has a certain amount of money at his disposal each month, he is more likely to make better decisions money wise.

-Teach your teens the importance of setting financial goals. Do not discourage them from dreaming. If your teen wants to buy something expensive, help him calculate when he will be able to afford something he has been dreaming about.

-Give your teen the more money the older he gets. You do not have to give him a lot, but if you decide to offer him more and more each year, your teenager will have bigger confidence knowing that you trust the way he spends his money.


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Investing in the Iraqi Dinar

You might have heard that Iraq is the second largest supplier of oil in the world. It is no wonder that many people are interested in this country. Since the reserves of oils in the world are diminishing, the prices of oil go up. Many investors in the world decide to invest in Iraqi Dinar seeing it as an opportunity to earn a quick and easy buck. I would like to present you with what I think on the subject. Below you will find the list of pros and cons of investing in Iraqi Dinar.

-Since 2003, the Iraqi Dinar has already appreciated.
-The presence of US troops makes the country more and more stable.

-The Iraqi Dinar is not officially traded in the world markets. If you decide to invest in the Iraqi Dinar, you are going to do it on your own risk.
-In order to purchase the currency, you will often have to deal with brokers or Iraqi banks that you will not to trust. Very often, you will need to take a leap of faith that the bank of your choice is going to remain solvent to pay you the money.


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