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Worldwide core financial fundamentals
Our worldwide core financial fundamentals content
Regardless of your age or location in the world, the core fundamentals to successfully managing your finances remain the same.
Moneyquids’ primary focus is UK young adults, but our financial knowledge is relevant for folks of all ages and locations. So, wherever you happen to reside on our globe, check out the links below to access our worldwide core financial fundamentals content:
Compound interest
As universally applicable as Einstein’s theory of relativity, so is compound interest, aptly named the ‘Eighth Wonder of the World ‘ by Einstein himself. Compound interest facilitated Warren Buffet and the late Charlie Munger to accumulate their vast wealth.
Investing
Investing for the long-term and reinvesting investment income, allows your money to benefit from the magic of compounding interest. Over time your investments will grow exponentially. You do need to do your homework before investing as share prices can go up and down, so there is risk involved.
Other articles:
Universal core financial principles:
- Live within your means
- Budget
- Save
- Invest for your future
- Avoid debt
Following the above steps will put you on track to effectively manage your finances. These steps are worldwide core financial fundamentals that will help you achieve long-term financial stability.
Check out our blog:
We have numerous articles that are universally relevant, covering various financial topics. Some of the articles may contain a small element of UK specific content but the core financial fundamentals are universally applicable. Simply click on the worldwide category within the blog to access the relevant articles.