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ANNUITY Jun 05, 2019

Definition

Annuity is a fixed sum of money paid to an individual each year

Why It's Important

Annuities can be an effective retirement income strategy.  They are created and sold by financial institutions.  But, how do they work?  Let me explain.  The financial...

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REALIZED LOSS May 29, 2019

Definition

A realized loss is the loss that is recognized when assets are sold for a price lower than the original purchase price.

Why It's Important

Losses suck!  Ok, that wasn't politically correct but they really do.  No one wants to lose money in the stock market but sometimes you...

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TICKER SYMBOLS Apr 24, 2019

Definition

Also called stock symbols, ticker symbols are abbreviations that identify publicly traded shares on the stock market 


Why It's Important

Ticker symbols are how you can find what stock or mutual fund you would like to invest in.  When you use brokerage firms, like TD...

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DEPRECIATION Apr 10, 2019

Definition

Depreciation is when an asset loses its value over time.  It has various methods and treatments according to the companies' policy.


Why It's Important

Cars are an asset that depreciates rather quickly.  That is why they say once you drive off the lot, it has already lost some of...

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DON'T BLOW YOUR TAX MONEY! MONEY MOVES TO MAKE NOW BEFORE IT'S ALL GONE Mar 31, 2019

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I have been getting questions lately on what people should do with their tax money, so I wanted to compile a list of some of my favorite tax money moves:

PAY OFF DEBT
OMG!  This is my personal favorite way to use my tax money because that is currently where I am in my money journey....

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EPS Mar 27, 2019

Definition

EPS stands for earnings per share.  This is how much of the company's profit they are sharing with stockholders on a per share basis.


Why It's Important

EPS holds a lot of weight when investors are evaluating stocks.  I think an example will better illustrate why:

Let's say we...

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EBITDA Mar 20, 2019

Definition

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. 


Why It's Important

This is one measure you can use to determine a firm's financial performance.  What does this have to do with personal finance?  Well, if you are evaluating investments you...

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TAX DEDUCTIONS Mar 13, 2019

Definition

A tax deduction lowers a taxpayer's tax liability by reducing the amount of taxable income.



Why It's Important

You have probably heard a lot about tax deductions and tax credits during tax season, so I wanted to debunk what they are.  I covered tax credits so now it's all about...

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TAX CREDIT Mar 06, 2019

Definition

A tax credit is an amount of money that taxpayers can subtract from what they owe the government


Why It's Important

You have probably heard a lot about tax deductions and tax credits during tax season, so I wanted to debunk what they are.  I will cover deductions next week.  Tax...

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DEBT CONSOLIDATION Feb 27, 2019

Definition

Debt consolidation is when you take several debts and get a loan to pay them off, therefore, providing you with one monthly payment instead of multiple payments


Why It's Important

I will probably do an article soon on debt consolidation and credit card balance transfers since they kind of...

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BANKRUPTCY Feb 20, 2019

Definition

Bankruptcy is a legal preceding that involves a person (or business) that is unable to repay their outstanding debts

Why It's Important

Declaring bankruptcy gives the filer a chance at regaining financial traction after a hard fall.  Depending on the type filed, some or all of the...

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HOW I SAVED MORE THAN $1000 LAST YEAR AT THE GROCERY STORE saving saving money Feb 08, 2019

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OK, so I felt like this was a timely post in light of the government shutdown and the possibility of families not receiving food assistance in the coming months.  If you aren't aware of all the changes, you can read about it here.  I want to keep this post focused on how families...

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