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  1. Nomad

    Investing in Stocks

    If you plan for a long term investment and if you invest in sustainable projects, you don't lose money in the stock market.
  2. Nomad

    Saving vs Investing: Which Do You Put First?

    I put saving first, without saving I don't have funds for investment. I save for a while and then invest my savings
  3. Nomad

    Do you like payments to come all at once rather than bits by bits?

    I like payments to come big, when the payment is big I can sell bigger bills and I can even save bigger amount or invetst
  4. Nomad

    Does market volatility scare you?

    No, I mostly invest for a long term goal so ultimately I will be making money. I see opportunities in market volatility.
  5. Nomad

    Why Recessions Can Be Ideal for Strategic Investing

    A lot of people are afraid of recession as it devalues money, however, a recession is also an investment opportunity. That's because during recession not just the value of money decreases even the price of assets decline. Historically speaking, many wealthy individuals that you see today...
  6. Nomad

    How Debt Repayment Contributes to Wealth Accumulation

    Eliminating debt from your life is the most important step towards financial stability. For example, if you have to settle your mortgage final payment with $100, that money becomes available as an income, which you can save or invest in assets. While investing yields long-term growth, reducing...
  7. Nomad

    Investing with Limited Funds: How to Start Small

    Well, you need money for investment, but not having a lot of money shouldn’t prevent you from investing. There are a lot of platforms that allow investments with as little as at $5. For instance, you can invest with $5 on Acorns or Stash. Those with slightly little more funds, say $20-$30 can...
  8. Nomad

    We're you being taught on how to save money?

    I learned savings from my mother. She did not work and he used to save money she received from father to manage house hold expenses.
  9. Nomad

    What's your target year to achieve financial freedom?

    I hope by the time I reach 50 I will have enough investment portfolio that brings me enough money to pay my bills
  10. Nomad

    What do you need for financial freedom?

    Financial freedom means you have enough income source and enough savings and investment so that you do not have to worry about money
  11. Nomad

    Which financial need would you say that you have completely and totally overcomed?

    I have not met any of my financial goals, I have not completely paid of debt, I do not have enough savings and I have not much investment.
  12. Nomad

    How do you work out for your financial freedom?

    I have two simple strategies, one, work hard to make more money, and two limit spending and put money into investment.
  13. Nomad

    Do you normally receive some dividends from your bank?

    Fixed deposit accounts in our country usually get 7 percent interest rate. Putting money on saving account is a common practice here.
  14. Nomad

    Life decisions that have financial implications?

    The first decision you make would be related to your education. The subject you decide for higher education will have financial implications.
  15. Nomad

    Best Ways to Pay Off Debt and Achieve Financial Freedom

    Are you struggling with debt? If that is your case, the most effective way to eliminate debt is by allocating your income toward debt repayments. If that’s not an option, selling assets can provide a quick solution. Holding onto high-interest debt when assets like stocks, gold, or property exist...
  16. Nomad

    Understanding the Power of Compounding in Wealth Building

    The goal of investing is to generate returns. These returns can either be spent or reinvested. Reinvesting leads to compounding, where earnings generate additional earnings. This cycle helps wealth grow significantly. Withdrawing profits stops the investment from expanding. Therefore, if you...
  17. Nomad

    Why Saving and Investing Are Crucial for Financial Stability

    Earning money is just one part of financial management; saving and investing are equally important. Savings help cover emergencies, retirement, home purchases, vacations, and more. Investing allows funds to grow over time, much like planting seeds that later bear fruit. However, before you start...
  18. Nomad

    Announcement Gear up for 2025 March Madness @ Forum Promotion

    Voted
  19. Nomad

    How much is the payment to display products on Facebook Marketplace?

    In our country, if you sell products from Facebook Marketplace, you don't pay anything, however, Facebook does not handle shipping for you, you will have to directly ship
  20. Nomad

    How do you see the sales for the coconut palm oil?

    Palm oil is a lucrative business in our country. Big businesses import raw palm oil from Malaysia and then process it and sells to India.
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