The Money Talk
Blog about money? You bet!
T.I.F.F. = Teaching and Inspiring Financial Freedom
Financial independence is the goal so let's dive in
Speaking of... what is financial literacy anyway? This is an excellent place to start!
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...
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