Tag: Income

What style of investing is right for me?

Last week we looked at the two ways you can earn money through investing: income and growth.

But how do you know which style is right for you?

It’s important that your investment strategy is aligned with your purpose. We all have different goals, and this means that a one-size-fits-all approach to investing simply won’t work for you.

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Can we end poverty?

Yes, and no. Now we know what it means to be poor, we can talk about what it would take to end poverty.

You may remember that ‘absolute’ poverty is defined ‘in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter’. Meanwhile, ‘relative’ poverty is defined ‘relative to others in a country; for example, below 60% of the median income of people in that country.’

One of these can be eradicated, but the other is a different story…

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Are the wealthy rich because they’re smart?

Are rich people rich because they’re smart?

Or to put it another way, are you not rich because you’re not smart enough?

According to a study conducted by the Joseph Rowntree Foundation, 69% of people believe ‘there is enough opportunity for virtually everyone to get on in their life if they really want to’. In other words, if you’re poor, it’s your fault.

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