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AMORTIZATION car loan debt loans mortgage wednesday word of the week Jul 14, 2021

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Definition


Amortization is the gradual reduction of a debt over a given period.

Why It's Important

This is how you can figure out how much you are really spending over the course of...

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INCOME make money making money money making wednesday word of the week Mar 03, 2021

Definition

What is earned from salaries or wages and other sources like bonuses, interest, dividends, housing allowance, etc.

Why It's Important

So, you may be thinking, well, duh, Tiffany.  I know what income is.  I make it every day!  But are you maximizing your income?...

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FINANCIAL LITERACY budgeting investing psychology saving wednesday word of the week Sep 09, 2020

Definition

Financial literacy is the ability to understand and apply various financial skills, including budgeting, investing, and other financial management strategies.

Why It's Important

My, oh, my!  Financial literacy is critical to master as it affects everything in your life, from...

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CAPITAL GAINS business capital capital gains investing property growth tax wednesday word of the week Aug 05, 2020

Definition
Capital gains are the profit from a sale of property or an investment

Why It's Important
When you have investments, you are not taxed until you have capital gains.  Capital gains are only triggered when you make a sale at a profit.  This is the opposite of realized loss....

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UNIFORM SECURITY ACT business investing legislation uniform security app wednesday word of the week Jul 15, 2020

Definition

The Uniform Security Act is model  legislation for securities industry regulation at the state level.  Each state may adopt the legislation in its entirety or it may adapt it (within limits) to suit its needs.

Why It's Important

The USA, as it is commonly called, protects...

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PAYDAY LOANS business blog fast loans loans payday payday loans salary loans wednesday word of the week Jul 01, 2020

Definition

A payday loan is a loan in which a lender gives the borrower a loan, typically under $500, that is due on the borrower's next payday.

Why It's Important

In my opinion, payday loans are a type of predatory lending.  They typically have high-interest rates and or fees....

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MORTGAGE debt fha invesment rates investing wednesday word of the week Jun 24, 2020

Definition

A mortgage is a legal agreement by a bank or other financial institution and a debtor.  The financial institution lends money with interest and takes ownership of the property if the debtor defaults.  This is a type of secured debt.

Why It's Important

Most people...

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KEOGH PLAN investing retirement saving money wednesday word of the week Mar 18, 2020

Definition
A Keogh plan (also called HR10 plans) is a tax-deferred retirement plan for self-employed individuals or unincorporated businesses.

Why It's Important
It's important to note that contributions to these plans are tax-deductible up to a certain amount.  There are two types of Keogh...

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GEOMETRIC MEAN saving money wednesday word of the week Mar 11, 2020

Definition
The geometric mean is the average of a set of numbers.

Why It's Important
This is not to be confused with arithmetic mean.  The arithmetic mean is what you learned in school when your teacher taught you about "mean".  As a refresher, let's look at the following set of numbers:...

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HEAD AND SHOULDERS investing wednesday word of the week Feb 26, 2020

Definition
The head and shoulders pattern in technical stock analysis is used to predict what the support level (lowest price it will potentially go before traders make it rise again) of a stock is.

Why It's Important
You probably saw this and wondered why I would be talking about a shampoo....

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FIDUCIARY investing wednesday word of the week Feb 19, 2020

Definition
A fiduciary is a person or organization that acts on behalf of another person or persons to manage assets.

Why It's Important
The term fiduciary has been thrown around a lot lately but do you really know what it is? A fiduciaries' responsibilities and duties are both ethical and legal....

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EXPANSION investing wednesday word of the week Feb 12, 2020

Definition
In economic terms, expansion is an increase in the level of economic activity.  It is a period of economic growth as measured by a rise in real GDP (Gross Domestic Product).

Why It's Important
An expansion means that the economy is doing good.  This typically coincides with the...

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