Posts

Showing posts with the label Building financial literacy

P2P Lending: Why It’s Easy and Why It’s Difficult

Image
Note: This post was updated on our website  👉  CARLIACONSULTING.COM   or find the complete post at 👉 P2P LENDING: WHY IT´S EASY AND WHY IT´S DIFFICULT   Introduction Peer-to-Peer (P2P) lending has emerged as one of the most attractive options for individuals seeking to diversify their investment portfolios and achieve financial freedom. By leveraging the power of technology, P2P platforms connect borrowers directly with investors, eliminating the need for traditional financial intermediaries. This method offers a promising avenue for passive income, making it accessible for small-scale investors starting with as little as 10 euros. However, like any investment, P2P lending comes with its own set of challenges and risks. This article,  P2P Lending: Why It’s Easy and Why It’s Difficult , aims to explore the benefits and pitfalls of P2P lending, providing a comprehensive overview for potential investors.   The Allure of P2P Lending Accessible Entry Poin...

Tiny Economists: Building Financial Skills in Kids

Image
Financial education is crucial for children as it provides them with the tools and knowledge necessary to make informed decisions about their money in the future. Let's review what we studied in school as children: the year of some king's or military leader's conquest in the 16th century, Latin, the periodic table of chemical elements, and so on. I am a firm believer that knowledge doesn't take up space and that it's wonderful to know a little bit about everything, even if it's just to answer questions on TV quiz shows. In more "modern" schools, they even teach children to cook or iron as something useful for their lives. But how many schools do we know that teach children what compound interest is?, how a savings account works vs a current account?, the difference between a debit card and a credit card, or how a loan is amortized? Sooner or later, we are all, absolutely all, going to have to know and use these products. Teaching children about the va...