The Power of Formulas: Influencing Our Lives

There are a few formulas that have tremendous influence in your life. V=IR. That is the formula known as Ohm’s Law. One of the basic formulas of electricity. It is powerful. It doesn’t matter whether you know it. It does not matter if you believe it in or not. It serves if you follow the … Continue reading The Power of Formulas: Influencing Our Lives

Spend first, then save and be ruined.

Hubble Snaps Close-Up of Celebrity Comet NEOWISE

Here is a list of people you might know who have lost massive amount of money. Johhny Depp Nicolas Cage Burt Reynolds Toni Braxton Sharon Stone Mike Tyson Cyndi Lauper Kim Basinger Floyd Mayweather Michael Jackson Some of them recovered. Some didn’t. It makes one wonder, how this happened. What went wrong? To answer that, … Continue reading Spend first, then save and be ruined.

The Power of Persistence: Why Finishing What You Started Is Essential for Success

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In the pursuit of our goals and aspirations, we often encounter obstacles, setbacks, and moments of doubt. It's during these challenging times that the attitude to finish what we started becomes not just a virtue, but a necessity for achieving success. Whether it's completing a project, pursuing a dream, or overcoming adversity, the power of … Continue reading The Power of Persistence: Why Finishing What You Started Is Essential for Success

The Ten Mistakes  Most People Make When It Comes to Managing Their Finances.

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Not saving enough for emergencies or retirement. Living beyond their means and accumulating too much debt. Not having a budget or financial plan. Not investing for the long-term. Chasing high-risk investments without fully understanding the potential consequences. Not diversifying their portfolio. Not protecting their assets with insurance. Not regularly reviewing and adjusting their financial plan. … Continue reading The Ten Mistakes  Most People Make When It Comes to Managing Their Finances.

Simple Interest

There are several ways in which interest is calculated and paid. The simplest of the methods used is called simple interest. The formula for this is \[S=P\times \mathit{r}\times \mathit{t}\:\Longrightarrow {Formula}\:\mathit{1}\] where \[S = Simple\: Interest\] \[P = Principle\: /Present\: Value\] \[\mathit{ r}\ = Interest\: rate\] \[\mathit{t}\ = period\] Let us consider an example of an investment … Continue reading Simple Interest