Personal Finance refers to the management of an individual’s financial resources, such as income, expenses, savings, investments, and debt. And it’s sorely lacking today. Here is a collection of Wealth Potion articles about Personal Finance.
It’s called “Personal” Finance for a Reason I’m in Tokyo, Japan this week. Being on vacation affects our psychology around spending quite significantly. And it is what inspired this week’s article. If you’re like me, you’ve picked up personal finance beliefs from a number of sources: Today, we’re going to pause and reflect to see […]
Personalized Finance Read More »
The Trap That Prevents You From Building Wealth “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki, ‘Rich Dad, Poor Dad’ Let’s assume you work a full-time job. That’s 40 hours a week (not
Making Money vs. Keeping Money Read More »
“Save your money!” This has been the personal finance mantra that you’ve probably heard most of your life. You heard it from your parents, relatives and teachers when you were young. There’s only one problem: It no longer works. Money is Losing its Value. And if you’re not from the US, it’s likely that your
How “Save Your Money” Became “Invest Your Money” Read More »
Living in New York, London, or Tokyo is what dreams are made of. Many people see this is as one of their biggest life goals – a sign that they’ve “made it”. However, these are examples of “Very High Cost of Living” (VHCOL) cities. And while living in a VHCOL city can be rewarding, it
#013: Personal Finance Tips for Living in a VHCOL City Read More »
You’ve lost your job.Your mortgage payments have doubled.You or one of your loved ones needs emergency medical care. Maybe none of these things have actually happened to you. But with enough time, one of them will. And the way you protect yourself from these negative events, is by calculating and maintaining an emergency fund. What
#009: The 3 Levels of Emergency Funds – and How to Calculate Them Read More »
We live in strange times. If you’re reading this, you own a smartphone. You hold all of humanity’s knowledge in the palm of your hand. Meanwhile, AI technology is being developed at break-neck speed, changing the world by the day. We are launching rockets into space, we work and study from the comfort of our
#001: What is Wealth Potion? Read More »
