Money Talks, but Do You Listen? Simple Answers for Smart Decisions (Part 4)
In a world where finances shape much of our lives, it’s important to educate ourselves about money—from understanding credit to avoiding scams. Noha takes a deeper dive into some essential questions and answers to help you make informed choices in this Money Talks series.
What Are ESG Investments and Why Are They Important
What it is:
ESG stands for Environmental, Social, and Governance. ESG investing focuses on companies that meet certain sustainability and ethical standards, such as minimizing environmental impact or promoting social justice.
Why it matters:
With growing concerns about climate change and social issues, many young investors are interested in putting their money in companies that align with their values. ESG investments offer an opportunity to make a positive impact while earning returns.
What Are Side Hustles, and How Can They Help My Finances
What it is:
Side hustles are part-time jobs or freelance work you do in addition to your main job. They can range from gig economy work like driving for Uber to creating an online business or providing niche services (e.g. accounting, copyrighting, marketing) on a platform
Why it matters:
Side hustles offer a way to supplement your income, pay off debt, or build savings. In today’s economy, many people are turning to side gigs as a way to increase their financial security and even pursue entrepreneurial dreams.
How Can I Build Credit Without Racking Up Debt
What it is:
Building credit is essential for securing loans and favorable interest rates. However, it’s important to build credit without falling into debt traps.
Why it matters:
You can build credit by using credit cards responsibly (e.g., paying bills on time and in full) or taking out small loans and repaying them on time. Knowing how to manage credit wisely helps you improve your financial standing without risking your future.
PRO TIP: Start simple and stay consistent!
About the Author: Noha Fazili’s personal journey, shaped by growing up in a conflict zone, has fueled her deep passion for promoting financial literacy, particularly among women. She is driven by her belief that education is the foundation for personal and collective empowerment. Noha earned her MBA at Smith School of Business at Queen’s University in Ontatio and works in Wealth Management at Royal Bank of Canada