There are people out there that lose billions of dollars in only one quarter of the financial year and just write it off. This may seem like a major disaster, but it is actually part of their daily lives. The daily lives of these people consist of making or losing money. Here are 8 of the world’s richest people who have lost a lot of money so far this year. Jeff Bezos Ranking at number one in the Forbes richest person in the world list, Jeff lost over $18 billion in the first months. He did make more than $24 billion before...

They are recognized as the richest men in the world, and together they earn more than half of the world’s population collectively earns. It is said that half of the world’s population is worth financially less than a handful of billionaires in the world. That means that they are worth more than 4 billion people that live on planet earth. Carlos Slim Helu Helu is the richest man in all of Mexico and is worth more than most of his fellow countrymen put together. Carlos is worth more than 47 billion dollars and has a substantial amount of investments in the telecom...

Income protection insurance is designed to help you if you aren't able to work due to illness or disability. If you are unable to work, income protection insurance replaces a portion of your income. This allows you to maintain your lifestyle as you recover and helps you pay those bills that you have incurred. People commonly refer to this type of payment protection as disability or sickness insurance. For a plan to begin paying out, you must have an illness, injury or have suffered an accident.  Income protection insurance can cover you for short as well as long periods. However, if...

Business ideas for women no longer have to involve make-up and Tupperware. Sometimes your personal, simple idea to fix a problem can be a major moneymaker. Ellen Latham came up with a simple fitness plan idea or Koel Thomae who came up with a simple yogurt, both ideas were hugely successful. Those women have been featured in Forbes and today they are running multimillion-dollar companies. There are hundreds of others out there that have made their personal passion a business. This is a great inspiration for women who are thinking about branching out on their own. A business requires patience, passion,...

Apps that pay you to use them make that decision to download or not a whole lot easier. But you've got to know if they're actually worth it and what it takes to get paid. We are going to look into whether it is really as simple as using the apps to get those dollars. Have you ever thought about how long you spend on your mobile phone? Look around you, almost everyone has their eyes glued to there phone screens wherever they are.  According to research, people spend approximately 3 hours and 15 minutes on their phones every day. In...

If your finances seem to be spiraling out of control, it is prime time to hire a financial planner. Having financial expertise in your back pocket is always a great idea, but sometimes that can depend on what your situation is. To hire or not to hire a financial planner can often depend on your financial ability to do so amongst other weighing-in points. A financial planner costs money, and hiring one is not something that can be taken lightly. Some financial planners will charge you by the hour, while others will charge you according to how much work you...

Even in a crisis, life must go on, and the current pandemic we are facing is no different than others from the past.  It is important not to overlook the predictions that were made and what followed during the previous crises the world faced. To be on the safe side, we should expect worse than those economists are predicting so we can be more prepared. Stock Prices This is a very serious problem that is currently occurring during the global pandemic. People are selling off their stock because of fear of a market meltdown, and that will force the prices down. As soon as...

Credit reporting services let you check your credit score once a year for free, but Credit Karma lets you do it as many times as you want. Your credit score determines whether you qualify for a variety of things like credit cards, loans, and rental agreements. For many people, checking that score once a year just isn't enough, there is a lot that can go wrong in a year. Close to 20% of Americans have reported mistakes on their credit reports. These mistakes could end up downgrading your credit score and reducing your ability to access financial tools. The credit...

With the worldwide spread of the pandemic, the world has been placed indoors where everyone is encouraged to self-quarantine, and because of this, it seems hard to remain financially stable. Everyone is on notice preparing for the financial impact of the coronavirus. It is safe to acknowledge that things are not likely to be fine. This is because most companies have closed down and even sent their employees home. Others have downsized, as they are only providing a few services and not operating at full capacity. So, to ensure that you do not run out of money, and make things worse...

Money is full of germs and can also carry viruses like the coronavirus which is why you should go cashless. We know money exchanges many hands, and some of those hands might not be so clean. But now with the worldwide coronavirus pandemic, the risks to your health after handling money are greater. The Chinese government has destroyed tens of thousands in cash to curb the spread of the coronavirus disease.  That is just one of the serious actions China has taken since the disease was discovered in the country's Wuhan province. While new infections are going down in China,...

Staying healthy during a time of pandemic means ration practices that will get you through the long haul. Rationing is the process of controlling the use of items so your stocks don't get depleted quickly. The coronavirus pandemic has caused people to worry about food and necessities. Most people are clearly unprepared for what is happening. From China to Australia to America and the UK, people are shopping till they drop. Most supermarkets have started limiting each person is allowed to buy.  Currently, people are stockpiling and panic buying products they think are essential like toilet paper, milk, and bread. It...

There might be a pandemic sweeping the world, but you still need to maintain employment and get paid. COVID-19, commonly just called the Coronavirus, has hit the world hard and fast. The World Health Organization (WHO) has officially declared the spread of this virus a pandemic and that has governments around the world scrambling. Tens of thousands of people have been infected while several thousand have died. In an effort to contain the spread and reduce casualties serious measures are being put into place. Numerous countries have shut down restaurants, fitness centers, places of worship as well as set curfews and...

The terms, credit freeze and credit lock are often used interchangeably, although they are slightly different in terms of how you implement them. You have probably come across these two words while dealing with your credit report, and have wondered what they mean. They both are security measures used to protect your credit report from access by scammers and fraudsters. A few years ago, Americans woke up to discover that Equifax, one of the largest credit bureaus in the world, had experienced a major security breach. Hackers had accessed sensitive client information, including social security numbers. This breach made thousands...

Defaulting on a loan sucks and what's even worse is the debt collector that comes along with it. Being in default of a loan can happen to anyone, even people who are financially responsible. You may forget to pay a bill, or you may have a dispute with a lender on the exact amount you owe them. It is even possible to receive a collection notice for a debt you don’t even owe due to administrative mix-ups or stolen identities. Regardless of the circumstances, the debt collector does not care, their goal is to collect money from you. You can...

If you've taken out a federal student loan, be prepared for a call from the Great Lakes Student Loan Company when your loan is due. Great Lakes is a loan servicer for student loans and their work is to handle some of the loans issued by the government. That work includes receiving payments, updating student records and approving students for deferments and forbearance. Great Lakes Student Loan Company was incorporated in 1967 and has worked with numerous clients throughout the years. They do not charge students for their services as their clients are the government and educational institutions. Additionally, the...

Mr. Rebates claims to give you cashback for buying everyday things and it seems too good to be true. That's why a lot of people have been questioning its legitimacy and how it actually works. Mr. Rebates is actually a pure cashback site that gives its clients the chance to earn money while they shop online. You must, however, shop through their site and make use of the links they have included on their pages. The links include popular sites and stores like Best Buy, Amazon, eBay and more. In order to get the benefits of this site, you will...

College education doesn't come cheap, but loans like the Parent Plus loan are designed to help parents pay, but if you are denied the loan there are options.  A Parent Plus loan is a federal student loan that is issued to parents directly. Loan approval and amounts are dependent on parental credit history. The Parent Plus loan usually has fairly flexible repayment terms compared to other loans, and parents also have the option of adding additional money to cover any tuition costs that the loan does not cover. Parents must receive approval for the loan before any disbursements are made. For...

Age does matter when it comes to salary and that means the highest salaries are usually given to a particular age group. As an adult, your financial situation is constantly evolving, the same as your personal life and happiness. Just like your state of mind, your finances will fluctuate according to a number of variables. To analyze which are your best financial years, we have compiled an analysis of what to expect in terms of salary for your most important years. When you are younger, you probably think that you will make more money when you are older. Of course,...

When the average American wakes up and heads out to work, he or she is working for all of America by way of taxes. Despite American’s efforts to pay as little tax as is humanly possible, there is a limit to just how much you can reduce your tax liability. According to research conducted on the income of almost 130,000 people, the average American pays around $10,489 each year in taxes. This includes both federal as well as state income taxes such as vehicle taxes, personal property taxes, and other small taxes. Of this amount, $8,367 is the total amount of...

If you have recently become self-employed, you'll be happy to know there are many deductions self-employed people can claim. If you are filing your taxes for the first time as a self-employed person, then you are likely to come across the word “tax deduction,” and wonder what it means. A tax deduction is a term that is a term used during tax season and it refers to an amount of money that the IRS allows you to subtract from your income so as to reduce the total taxable amount. The lower the taxable amount, the less the amount of tax...