The third world is ruling the world at least in the top 5 of the world's richest man category. It's official. According to Forbes, America doesn't have the world's richest man. Mexican telecom tycoon Carlos Slim edges out Microsoft founder Bill Gates to...

If you always carry that mentality of not allotting enough margin just because you have your parents as insurance policy, then you're not really financially independent. Sure, family will almost always be supportive but you must take the appropriate steps...

It's the new year (Happy New Year!) and we're glad to be back (from a brief break for the holidays). Anyway, we'll be trying out something different on this blog. We started it out with a daily dose of financial news and personal finance tips. This...

Looks like everyone on the government's pay czar salary cap ruling is hankering to get out of the government's clutches. Just last Monday, it was Citigroup that announced that it will be paying the government back. Now it's General Motor's turn....

A cash flow statement is prepared according to the guidelines set by the International Accounting Standard 7 (IAS 7). This shows the effects of change in the values in the statement of financial performance and statement of financial position. It...