Sometimes, it’s difficult to think of new ideas. While recycling the same old templates or ideas work, it could get rather uncomfortable and boring. It’s normal to have an art block or a writer’s block and I personally get one all the time. How do I get past it? Here’s a few tips I learned about how to brainstorm ideas.
Just as there are good deals in the world, there will also be bad ones. Not everyone knows how valuable your product or service is so they might try to pay you too little (or pay you nothing at all), and there are also those who try to take advantage of the weak and desperate.
Unfortunately, some of us are desperate to sell and some are too polite to reject other people’s terrible offers.
It doesn’t have to be that way. We shouldn’t be compelled to accept bad deals out of politeness. This article is about learning that lesson.[Read more…]
Some time ago, the Philippine Stock Exchange (PSE) announced that they will introduce “short selling” by October 2018. The ability to do short transactions has been available abroad long ago, but in the Philippines, not a lot of people know what it is.
So what is short selling or shorting anyway? While most experienced or veteran investors know that this is how you profit from a declining stock price, not a lot of beginners know how it works so we’ll discuss the basics of short selling here.
There’s one thing you need to save for before you start investing, and that is an emergency fund. Problems happen all the time and a little extra free cash saved specifically for emergencies can get us out a lot of terrible financial situations. Aside from that, it lets us pursue excellent opportunities as well.
Here are a few reasons why you need an emergency fund. (Just think about the last time you thought about these things, and what you would do if any of these ever happen.)
Just like applying for a new job or starting a new business, investing always carries risk. While you can earn lots of money from well-chosen investments, you can also choose bad ones by mistake and lose a lot. Do you prefer safety and lower volatility, or do you prefer riskier and more volatile investments that can generate more income?
Here’s a short guide on how to choose investments based on your risk tolerance.
Disclaimer: Do your research! No matter how “safe” or “good” an investment is, it’s worthless if you get scammed because you didn’t study what you’re buying!
By the way, if you don’t know what the basic investments are, we suggest that you read these articles first:
- Investing Money for Beginners: Five Common Investment Vehicles to Check Out
- What are Mutual Funds? (A Short Guide for Beginners)
- What’s the Best Investment for Beginners?