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...
by Ingrid Clayton | Apr 25, 2021 | Financial Education
What is a Credit Card? A credit card is a card that is issued by a financial institution, such as a bank or a credit union, that enables the cardholder to borrow funds from the institution, then pay the money back, with interest, based on the terms the institution...
by Ingrid Clayton | Apr 11, 2021 | Financial Education
Build A Strong Financial House A well built home can last for many years if it has a strong solid foundation, and subsequent levels are built with the appropriate strength to withstand the higher levels. If the home is not built correctly however, it can fall apart...
by Ingrid Clayton | Apr 4, 2021 | Financial Education
What Is A Balanced Mutual Fund? A balanced mutual fund is basically a mutual fund that is a combination of bonds, equity (stocks) and cash holdings. The goal of this type of fund is to conserve capital, appreciate capital, as well as create an income stream. These...
by Ingrid Clayton | Mar 28, 2021 | Financial Education
What is a Mutual Fund? A mutual fund is a type of financial vehicle where the money collected from investors gets pooled and invested in a combination of stocks, bonds, money market instruments, commodities, cash investment strategies and other assets. Mutual funds...
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