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The Impact of Philanthropy by the Ultra-Wealthy

Written by Bloom Investment Counsel, Inc. on August 21, 2024. Posted in Philanthropy. No Comments on The Impact of Philanthropy by the Ultra-Wealthy

Philanthropy, the act of giving resources to improve the well-being of others, plays a pivotal role in society. It represents a commitment to social responsibility and community betterment, often associated with individuals of substantial wealth. These ultra-wealthy individuals have significant influence due to their financial resources, enabling them to make substantial impacts on societal issues ranging from healthcare and education to environmental conservation and beyond.

The Pitfalls of Herd Mentality in Investing

Written by Bloom Investment Counsel, Inc. on August 19, 2024. Posted in Investing. No Comments on The Pitfalls of Herd Mentality in Investing

While investment decisions should be driven by careful analysis and research, they are sometimes driven by the psychological phenomenon known as “herd mentality”. This behavioural pattern, where individuals follow the actions of a larger group without necessarily evaluating the rationale behind those actions, can lead to significant negative consequences.

The Challenges of Retirement Planning for Women

Written by Bloom Investment Counsel, Inc. on August 14, 2024. Posted in Retirement. No Comments on The Challenges of Retirement Planning for Women

Retirement planning is an essential part of financial well-being, crucial for ensuring a comfortable and secure future. It involves strategic decisions and disciplined savings to sustain a desired lifestyle beyond one’s working years.

However, the approach to retirement planning can vary significantly between genders. As we delve into the intricacies of women and retirement, it becomes evident that factors such as lifespan, earning disparities, and societal roles significantly influence their retirement experiences.

The Importance of Knowing Your Cash Flow

Written by Bloom Investment Counsel, Inc. on August 12, 2024. Posted in Wealth Planning. No Comments on The Importance of Knowing Your Cash Flow

Cash flow, the movement of money in and out of accounts, is a crucial concept for individuals. You may generally have income that exceeds your outgoings, but understanding your cash flow helps you manage your personal finances effectively. This article explores why knowing your cash flow is essential and its pivotal role in making informed financial decisions for long-term success.

Mastering Student Budgeting: A Guide to Financial Freedom

Written by Bloom Investment Counsel, Inc. on August 7, 2024. Posted in Financial Literacy. No Comments on Mastering Student Budgeting: A Guide to Financial Freedom

Being a student comes with responsibilities beyond academic achievement. One crucial aspect that frequently gets overlooked is managing finances effectively. Whether you’re going into your first year of university or college and are adjusting to newfound independence, or a seasoned upper-year student, understanding how to budget can significantly impact your overall well-being.