The Money Talk

Definition

The federal funds rate is set by the Federal Reserve and guides the interest rates used by financial institutions. As of Today, it is 0.25%

Why It's Important

When you hear that...

I am so excited! I was blessed enough to get a full scholarship to FinCon this year. Not familiar with what FinCon is? You can read about it here: https://finconexpo.com. I have been wanting...

Definition

APR, also known as Annualized Percentage Rate, is the annual rate charged for borrowing or earned through investment.

Why It's Important

APR is typically used when you are borrowing...

Definition

Certificates of deposit, also called CDs, are savings vehicles that have a fixed maturity date and a fixed interest rate

Why It's Important

CDs generally have higher interest rates than a...

Definition

A cancellation of debt may occur if the creditor can't collect, or gives up on collecting, an amount you were obligated to pay.

Why It's Important

You may be thinking "Oh, this is awesome!...

Definition

A government entity that operates under the U.S. Department of Housing and Urban Development

Why It's Important

The Federal Housing Administration has been making FHA loans available since...

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...

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...

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...

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...

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...

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...