The Financial Side of Real Estate: Calculating ROI and Cash Flow for Investment Properties Many investors turn to real estate for building wealth. It is a popular strategy for securing financial stability. To achieve success in real estate investment means going beyond identifying the best real estate markets. It requires a thorough understanding of the financial aspects involved, particularly the...
Determining the Ideal Rent Budget: Factors to Consider Deciding on the appropriate amount to spend on rent depends on various factors and personal lifestyle preferences. While there are no hard and fast rules, some general guidelines can help you make an informed decision. With high mortgage interest rates and construction costs in Zambia, it's no surprise that over 60 per cent of urban dwellers opt for...
What is an Exchange Rate and What Does It Mean? The exchange rate is defined as “the value of one nation's currency versus the currency of another nation or economic zone.” For example, the value of US $1 is the equivalent of K13.29* (Zambian Kwacha). Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have significant impact on your living expenses and...
Money Management Strategies For Those Working Overseas Managing your finances while living abroad can be challenging. Overseas workers often find their personal wealth suspended across borders, with bank accounts in different countries and income in different currencies. Taxes, transaction fees, currency conversions, and restrictions around opening a bank account are common headaches an overseas worker...