Financial Literacy

If you want to grow your wealth over time, you need to understand the power of compound interest. It is the result of reinvesting or retaining interest that would otherwise be paid out, or of the accumulation of debts from a borrower.

Financial experts and advisors commonly discuss the 50/30/20 rule. It explains how you should apply your net income (as opposed to gross income) towards your needs, wants, and savings.

If you want to grow your wealth over time, you need to understand the power of compound interest. It is the result of reinvesting or retaining interest that would otherwise be paid out, or of the accumulation of debts from a borrower.

Financial experts and advisors commonly discuss the 50/30/20 rule. It explains how you should apply your net income (as opposed to gross income) towards your needs, wants, and savings.