Posts Tagged ‘financial literacy’
Good Debt Versus Bad Debt
Can debt ever be a good thing? The term “debt” implies a significant burden, which it certainly can be. But the truth is, some forms of debt can contribute to your financial well-being. So what’s the difference between good debt and bad debt, and how can you tell when debt you’ve acquired is doing more…
Read More5 Finance Related Podcasts Worth a Download
Listen and Learn: Financial Podcasts One common trait among the highly successful is their endless drive to improve and learn. Take a page from their book during your downtime this holiday season by feeding your curiosity and keeping your mind engaged. Make space on your digital device for some of these popular finance-focused podcasts: National…
Read MoreWhat Would You Do with $1 Million?
This is a scenario everyone has played out in their head hundreds of times. What would I do if I suddenly came into $1 million? Most of us already have a plan, to either get out of debt, or to buy a new car or a new house. But, assuming those things were already taken care of,…
Read MoreOrderly Savings
Depending upon your circumstances and everyone’s is different, the order that you prioritize for investing may vary. However, in general most people should prioritize investing for the short-term and then the long-term. Short-term investing, which I prefer to call savings, is most commonly for an emergency fund. An emergency fund is basically a small accumulation…
Read MoreUnderstanding Investment Risk
When it comes to investment risk, two facts are true for everyone! Everyone takes investment risk, but risk doesn’t necessarily mean additional return. You might be saying to yourself either, “I don’t take investment risk,” or “I like risk, it means more return.” Well, I’m sorry to say it, but if you are either person,…
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