Appreciating and depreciating assets both serve an important role in your financial portfolio. Knowing the difference between the two and how to use each one to its greatest effect can maximize their value as you build your wealth.
by Pam HillFinancial statements are often thought of as something that only companies need worry about, but a personal financial statement can help you track your financial health and hone in on trouble spots and opportunities.
by Pam HillThe current school curriculum does not have any courses which discuss financial literacy. As a result, some states have begun implementing financial literacy courses into the curriculum, which will go into effect in 2023.
by Matin VarshochiFor many years, Black Americans have been at a disadvantage when it comes to homeownership and acquiring wealth.
by Sha'Kreshia TerrellIn the first quarter of 2020, when the COVID-19 pandemic first began, household wealth declined. However, since then, it has continued to rise, until now. A new recent report released by the Federal Reserve looked at the wealth of households and highlighted key financial data regarding where money is rising and falling.
by Matin VarshochiHomeownership is one of the most common forms of building wealth.
by Sha'Kreshia TerrellThe Social Security Act, passed passed 86 years ago, is a key component of retirement income for nearly all individuals. Social security insurance also provides a safety net should a worker become disabled or a family lose their breadwinner.
by Pam HillWe have built a world that operates almost entirely on the accumulation and proper use of money. And yet, the basic skills of how money works are a mystery to most.
by Shaun MorganMany up-and-coming athletes gain mainstream media attention starting in high school. Young people who receive media attention typically obtain various endorsements and an abundance of money by extension.
by Matin VarshochiRelationships are supposed to make you feel loved, supported, and understood. One way to build the foundation of your relationship is to discuss finances.
by Shaun MorganThere are numerous ways to invest your money to grow your wealth, such as through the stock market, index fund, or real estate investing. Trading stock options is more advanced than buying and holding or day trading stocks.
by Matin Varshochi