by Ingrid Clayton | Oct 17, 2021 | Financial Literacy
Many of us have heard the saying, “Time is money”. But most of us just accepted it and have never really reflected on the meaning of the statement and its truthfulness. The statement “Time is money” can be explained using multiple scenarios in different contexts, but...
by Ingrid Clayton | Sep 19, 2021 | Financial Literacy
What Is Dollar-Cost Averaging? Dollar Cost Averaging is a strategy that is used to systematically purchase an amount of stocks or shares of securities products, such as a mutual fund or a portfolio fund, to offset investment risk in a market that is fluctuating. Put...
by Ingrid Clayton | Sep 5, 2021 | Financial Literacy
What Does “Bank on Yourself ” Mean? In the book Bank On Yourself by Pamela Yellen, she explains the “Bank On Yourself” concept as buying a whole life insurance policy on yourself, funding the insurance cash value using paid up additions (overfunding the cash value),...
by Ingrid Clayton | Aug 15, 2021 | Financial Literacy
One of the biggest contributing factors to the financial issues many face today is debt. People from all income brackets tend to have too much debt, so most of their income goes towards debt servicing instead of towards a higher quality lifestyle. Many six-figure...
by Ingrid Clayton | Aug 8, 2021 | Financial Education
Throughout your lifetime, you may face a variety of personal financial issues. Issues like debt, unemployment, illness, and other unexpected life events can affect you rather harshly. However, if you can set aside time to create a financial plan, usually there are...
by Ingrid Clayton | Jul 4, 2021 | Financial Education
What does it mean to lease a car? Leasing a car is similar to renting to own a home, the lessee doesn’t own the car and has no equity in it despite the monthly payments. As with renting to own a home, your car lease payment will remain the same for the duration of...
by Ingrid Clayton | Jun 20, 2021 | Financial Education
Buying Your First Home? If you’re planning on purchasing your first home in the near future, you may have already asked yourself this question. Do I want to buy a resale home or a brand new one? Whether it’s a resale or a new home, there are some things that you...
by Ingrid Clayton | Jun 13, 2021 | Uncategorized
“Go to school and work hard to get good grades so that when you graduate you’ll get a good job and be successful and hence be able to take care of yourself and your family.” Were you told that when you were growing up? And did you believe that success was...
by xlxdigital | Jun 6, 2021 | Financial Education
What Is An Asset? An asset is something that has monetary value. Put simply, an asset is anything that puts money in your pocket. Examples of assets are: money in the bank, stocks, bonds, and rental properties. What is Liability? A liability is a claim on your...
by Ingrid Clayton | May 30, 2021 | Financial Education
What is Inflation? I do like Investopedia’s definition of inflation: It is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average...
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