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Welcome to MyFiLi
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How to Use Compound Interest to Build Future Wealth
When I first started investing, I learned that compound interest is often called the “eighth wonder of the world”. It’s a powerful force that can greatly accelerate your wealth…
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How to Start Investing in the U.S. Stock Market as a Beginner
Before becoming serious about investing I would often hear about the companies “going public”, junk bonds and stock market crashes. I also heard it was risky so I didn’t…
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How to Choose Between a Checking and Savings Account
I have some strong opinions on bank accounts. When I was a young 19 year old with $50 in my checking account, I would be charged $15 every month…
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How to Use Credit Cards Responsibly
Credit cards are common in today’s financial landscape, offering convenience and purchasing power. However, they’re often viewed with apprehension, labeled as a path to debt and financial ruin. The…
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The Top 10 Budgeting Tools and Apps
In today’s fast-paced world, managing your finances can feel overwhelming. Fortunately, a plethora of budgeting tools and apps are available to help you track spending, save money, and achieve…
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Why Investing Early Is Like Planting a Money Tree!
Imagine planting a tiny seed and watching it grow into a magnificent tree laden with fruit. That’s essentially what starting to invest early does for your financial future. It’s…
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The Current Climate of Interest Rates
As we move into March 2025, the U.S. economy continues to navigate a complex landscape of fluctuating interest rates. Understanding how these rates impact various industries is crucial for…
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How to Read and Understand Your Bank Statements
Introduction Bank statements are essential documents that provide a detailed record of all financial transactions within your bank account over a specific period, typically a month. Understanding your bank…
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How to Set and Achieve Your Financial Goals
Introduction Setting financial goals is an essential part of achieving financial success. However, many people make the mistake of setting goals that are too vague or too far in…
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How to Create an Emergency Fund
Introduction An emergency fund is a crucial component of financial stability. It provides a safety net to help you weather unexpected expenses, such as medical bills, car repairs, or…
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How to Manage and Reduce Financial Stress?
Introduction Financial stress is a common issue that can have a significant impact on our mental and emotional well-being. It can lead to feelings of anxiety, depression, and overwhelm,…
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The Gig Economy: Financial Implications
The gig economy, characterized by short-term, flexible jobs and freelance work, has gained significant momentum in recent years. It offers individuals the freedom to work on their own terms…
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How to Create a Budget That Works for You
Budgeting, often perceived as a daunting task, is a cornerstone of financial stability. It’s a proactive approach to managing your money, helping you achieve your financial goals, and reduce…
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How to Use Credit Cards for Secure Online Shopping
Credit cards often get a bad rap, associated with debt and overspending. However, when used responsibly, they can be a powerful tool for secure shopping and financial management. This…
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How to Rent an Apartment in the USA: A Guide for Beginners
Renting an apartment or house can be a significant financial commitment. With rising housing costs in many areas, it’s essential to understand the rental market and find the best…