Money Looms is a personal finance site founded by Allen Foster.
Did you know that more than 50% of the world’s wealth is held by less than 1% of the world’s population? What sets these people apart? Though some of the world’s richest people have acquired their wealth through inheritances, most of today’s millionaires and billionaires are those who built their wealth from scratch, often coming from financially adverse backgrounds. Besides being great entrepreneurs and people with excellent product and service ideas, almost all of the wealthy people share one aspect in common, that aspect of course being sound financial acumen.
Too many of us never notice the ebb and flow of money in our lives. Though we might earn more than what we need, we never save and we never understand why. Even worse, most of us find ourselves in debt that we constantly struggle against. All it takes to go from a person just paying their bills to someone who slowly multiplies their net worth is often just a conscious effort and desire to understand their finances a little more deeply, with more introspect.
Money Looms is a site that primarily works to fulfill just that purpose, to arm you with personal financial knowledge, tips and advice that will allow you to make better decisions when it comes to your financial life. With growing financial intuition and fiscal discipline that you will learn to constantly use, you will slowly but surely start to notice your finances take a turn for the better. You will start to save more, earn more, make all the right investments and retire in comfort.
Just like life, managing your money is a journey, a journey that without a doubt will have its shares of ups and downs. You can never not make bad financial decisions but you can certainly limit them to a great extent, provided you have the right knowledge and information. At Money Looms, we will strive to give you advice on saving money, making money, budgeting, investments and retirement planning, advice that we hope will better your personal finances, in at least a small if not a very defining manner.