Psychology of Money

The “Psychology of Money” section offers practical tips, tools, and strategies for improving financial well-being based on evidence-based research and real-world examples.

Financial management

Reinvesting: A Simple Strategy to Achieve Investment Success Through Compound Interest

Reinvesting income into investments is a key strategy for maximizing your wealth over time. By using the income earned from an investment to purchase additional shares or units of the same investment, you can take advantage of compound interest and increase…

Financial management

How to create a personal reserve fund and learn how to regularly save money

There is nothing difficult in creating a personal reserve fund in case of an emergency. The emergency fund consists of money set aside for life’s unforeseen circumstances, such as if your car breaks down, you get fired or quarantined. This money can…