While most people think emergency funds are just boring piles of "dead money," research shows that folks with emergency funds experience 21% higher financial well-being, leading to better investment decisions. Here's the kicker: having just $2,000 in emergency savings delivers this massive psychological boost -
Picture this: You're building a bookshelf for your garage and accidentally construct a Home Depot. That's basically what happened to Amazon with AWS. What started as Jeff Bezos scratching his head over why his engineers were spending 70% of their time rebuilding the same boring infrastructure
Movies lie about money. Not the little white lies that make stories more interesting, but the big, destructive lies that can derail your entire financial future. From Pretty Woman's shopping spree fantasies to The Wolf of Wall Street's "greed is good" philosophy, Hollywood has
Are you ready to transform your savings habits and watch your money grow week by week? The 52-week money challenge is one of the most popular and effective savings strategies that helps thousands of people build their emergency fund, reach financial goals, and develop consistent saving habits. What is the
Are you tired of setting vague financial resolutions that never stick? The secret to achieving lasting financial success isn't just about budgeting - it's about connecting your money goals to what truly matters to you. That's exactly what the Wealthy Parrot Finance Goals &
Are you tired of feeling like your wallet has holes in it? Do you find yourself wondering where your money went at the end of each month? The truth is, most overspending isn't about math - it's about psychology. Understanding the psychology behind your spending habits
Hey there, savvy investors! Pop quiz time: What's Disney's biggest money-maker? If you said "movies," congratulations - you just fell into the same trap as 99% of people. Plot twist: Disney's theatrical films contributed less than 10% of their whopping $91.4
Sequel of the movie "Thor: love and thunder", "Love and ledger" talks about how Thor learns to manage his finances and tax returns across multiple planets. Good luck managing interplanetary tax treaties! Although that could definitely-maybe be an interesting plot, I'll talk about something
Hello! There is a chance that if you a reading this, you missed the first part of the article. Don't worry, you can read it here. After covering the cognitive biases that influence us when spending and (not) saving, we'll cover other triggers, because yes.. unfortunately
Do you ever feel like your wallet has a leak? You know, you mean to stash cash away for that dream vacation or, you know, not eating cat food in retirement, but somehow... poof! It vanishes faster than free donuts in the office breakroom. It's like knowing vegetables
When countries get into diplomatic spats these days, they're more likely to reach for their wallets than their weapons. Welcome to the world of economic sanctions, where the power of the purse has become the preferred tool of international pressure. Grab a coffee, and let's unpack
The traditional 9-to-5 isn’t dead, but it’s no longer the only path to financial power. In 2025, side hustles aren’t just about extra cash - they're strategic moves for flexibility, autonomy, and high-ROI income streams. According to a survey from Lendingtree.com, nearly 40% of
Personal Finance
Picture this: you own a slice of a successful company, and instead of just sitting on your ownership certificate hoping the price goes up someday, the company regularly deposits cash into your account as a "thank you" for being an investor. That's essentially what dividends are
Personal Finance
Managing your finances just got easier! I am excited to launch the Wealthy Parrot Cash Flow Planner, a simple yet powerful tool designed to help you track your income, expenses, and overall financial health with ease. Whether you're budgeting for personal use, managing business cash flow, or planning
Jumble
Imagine this: it’s 1886 in a small Atlanta pharmacy. A curious pharmacist stirs up a syrupy concoction, mixes it with fizzy water, and unknowingly sets the foundation for one of the world’s most valuable brands. Fast-forward to today, Coca-Cola is more than just a soda; it’s a
Personal Finance
When you hear the word demon, you probably picture a mischievous creature stirring up chaos. But what if I told you there’s a financial “demon” that thrives on market volatility and can help you grow wealth without needing markets to soar? Enter Shannon's Demon, an investment strategy
Personal Finance
Hello everyone and happy New Year! Now that 2024 is officially over, it's time to take a look at how major asset classes have performed. Compared to last year's version, I made a couple improvements: * I have now added a legend with the index used to
Hello investors! I hope you are enjoying the holiday seasons and are getting ready for a great 2025. Many of you have asked me what book they could read over the next days to improve their knowledge on personal financial and investments topics. To help you all out I added
Personal Finance
As we dive into 2025, the investment world is buzzing with both challenges and opportunities. Economic shifts, tech breakthroughs, and global tensions are shaping a year that promises to keep us on our toes. The forecast? Moderate growth, but don’t expect it to be smooth sailing. The U.S.
Personal Finance
There is a high chance you heard the name Ramit Sethi before, as he's not just an author of a couple books (like the one part of this review), but he's the host of "I will teach you to be rich" podcast and host
Personal Finance
I'm thrilled to announce the release of my new book, Kakeibo - Transform Your Finances the Japanese Way. Whether you're a seasoned financial planner or just beginning your journey toward financial freedom, this book provides practical insights drawn from the Japanese art of mindful spending, with
Personal Finance
Only if you are Star Wars fan you might get why I chose this cover image. If you are not, let me spoil it for you: clones! Or in this case replication (strategies). In this article I'll walk you through the main ETF replication strategies. But first let&
Personal Finance
The other day for first time I heard the term “Islamic Finance” and I got curious about it. I dug a bit about the topic, also thanks to the book “Understanding Islamic Finance” by Muhammad Ayub (which I used for some of the content in this post). and now I
Jumble
Gross Domestic Product, or GDP, is a term we often hear thrown around in economic news. But what exactly does it mean? Simply put, GDP is the total value of all final goods and services produced within a country's borders over a specific period, usually a year. It&