Imagine the economy is a car tyre… Too much deflation in the economy and the tyre goes flat. This stops the car from driving properly and could even cause a crash. Nobody wants an economic crash! Too much inflation and the economy grows so quickly that it bursts – with a great big BANG! Again …
Why governments are obsessed with managing inflation Read More »
Deflation is the economic opposite of inflation. So what exactly is deflation and how does it impact us? What is deflation? Deflation is when the prices of goods and services fall and the value of the currency goes up. This means as consumers we get more for our money. In anyone’s book, getting more for …
Deflation: What is it, what causes it and how does it impact us? Read More »
It seems like everyone is talking about inflation these days, but what actually is inflation and how does it impact us? What is inflation? Inflation is when the price of goods and services go up, while the value of our money goes down. This means we are getting less for our money, which explains why …
Inflation: What is it, what causes it and how does it impact us? Read More »
This sketchnote uses a child’s toy to explain how the stock market works. We see this behaviour daily in our house and I’m sure you’ll recognise it instantly… Stage 1 First child goes to the toy box (or anywhere within a general 3 metre radius of the toybox for that matter 🙄) and takes out …
The stock market explained through a child’s toy Read More »
At first glance they might not seem important, but a combination of good money goals and money habits is a fundamental foundation for achieving financial independence. So what’s the difference between financial goals and habits – and why are they both so important? Money goals Examples of money goals include paying off your credit card …
