Finance

  It’s very difficult to achieve financial prosperity without puting the concept of opportunity cost to use in your spending. It’s normal to have many wants competing for your money, which may not be enough to get all of them for you.  So, to get the best out of your spending, you must understand the value attached to the best alternative foregone.  This is opportunity cost.   Understanding ande applying the concept of opportunity of cost to your personal finance, are going to help you achieve the following seven personal financial goals; 1.Spending  Within Budgetary Provision: A good budget should be a financial plan that accommodates absolutely necessary expected spending within expected income.  Obviously, a good budget is not possible in the absence of opportunity cost as you wouldn’t be to put in the budget, only things which enhance personal financial health.   So after the budget has been set up with the help of opportunity cost, ...

First, what according to 5 great investors, "The key to successful investment is?" 1.“If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos 2.  . "An nvestment in knowledge pays the best interest." - Benjamin Franklin. 3.  "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett. 4.  How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen. 5.  You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." - Peter Lynch " The success template is already there. It is with those who are a success. If you are close to one learn from close quarters,  but if you are not close to one and  you can't figure out a way to have a...