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Jan 8, 2025 | 
thetrentonline.com | Adam Smith
When I was 27, I found myself sitting in the dimly lit corner of my rented flat, staring at a pile of unopened bills. I had a decent job and lived modestly, yet my financial situation always felt precarious. It wasn’t until I made the difficult decision to confront my money habits head-on that I realised the power of financial literacy. Fast forward to today, I’m financially secure, have built investments that align with my values, and no longer lose sleep over unexpected expenses.
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Dec 7, 2024 | 
econlib.org | Giorgio Castiglia |Adam Smith |David Henderson |Kevin Corcoran
Two main reasons for studying economics are often given in textbooks and classes. First, it helps us understand the social world we live in and, secondly, it informs better public policy decisions. An example comes from Adam Smith in The Wealth of Nations. By understanding what makes a nation wealthy compared to others, we might be able to develop a roadmap for other nations to reach prosperity too. A less often discussed motivation for learning economics is for better personal decision-making.
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Dec 7, 2024 | 
thetrentonline.com | Adam Smith
Cryptocurrency has become a global phenomenon, yet it remains misunderstood by many. While some view it as a revolutionary financial innovation, others see it as a speculative bubble or a tool for illicit activities. To separate fact from fiction, this article debunks seven common myths about cryptocurrency, supported by evidence and expert analysis. 1.
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Dec 6, 2024 | 
thetrentonline.com | Adam Smith
Retirement planning is one of the most important financial tasks in life, yet it’s often misunderstood or delayed. Many people approach retirement saving with assumptions that can lead to costly mistakes. Knowing the hard truths about saving for retirement can help you make smarter, more informed decisions. Here are 12 robust realities that everyone should consider when planning for their golden years. 1. It’s Never Too Early to BeginTime is your greatest ally when it comes to saving for retirement.
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Dec 4, 2024 | 
thetrentonline.com | Adam Smith
Starting your investment journey may seem daunting, especially if you believe you need thousands of dollars to make any meaningful progress. However, the truth is that you can begin with as little as $100. Investing is less about the amount you start with and more about building good habits, leveraging compounding, and taking advantage of accessible tools. Here are eight practical and impactful ways to start investing your first $100.
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Dec 2, 2024 | 
thetrentonline.com | Adam Smith
When it comes to building wealth, the debate between stocks and real estate is a perennial one. Both options have the potential to generate substantial returns, but they come with their own sets of risks, rewards, and strategies. Understanding these differences is essential for making an informed investment decision. Below are seven hard truths that every investor needs to consider before deciding between stocks and real estate. One of the biggest advantages of stocks is their liquidity.
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Dec 2, 2024 | 
econlib.org | Byron Carson |James M. Buchanan |Adam Smith |David Ricardo
A Liberty Classic Book Review of Cost and Choice: An Inquiry in Economic Theory, by James M. Buchanan. In less than one hundred pages, James Buchanan excoriates economists—classical and modern—for their unrecognized confusions about cost. More than an insular academic debate, Cost and Choice: An Inquiry in Economic Theory develops a biting set of logical tools people—economists, philosophers, students, and laymen—can use to better understand human behavior in private and public settings.
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Nov 29, 2024 | 
thetrentonline.com | Adam Smith
Recent trends in global personal finance highlight the growing importance of effective wealth management strategies. A rising number of individuals are achieving financial milestones, such as becoming millionaires, thanks to investments in real estate and other assets. However, many still face challenges in diversifying their wealth and building sustainable financial stability. The knowledge gap is in the area of wealth mastery.
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Nov 14, 2024 | 
thetrentonline.com | Adam Smith
Reaching your 40s with a solid financial foundation can make a world of difference in achieving long-term goals and enjoying financial peace of mind. Making smart money moves before hitting this milestone can set you up for future stability, growth, and flexibility. Here are seven essential financial actions to take before 40 to ensure you’re on track for a prosperous future. 1.
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Nov 9, 2024 | 
thetrentonline.com | Adam Smith
Buying your first home is an exciting milestone, but it can also feel overwhelming with all the details to consider. These 20 drops of wisdom will help guide you through the process, empowering you to make informed, confident decisions as you take this big step. Before you start house hunting, determine a realistic budget that includes down payment, monthly payments, and maintenance costs. Staying within your budget will keep your finances healthy.
