Results for "compound interest"18 results found.
How Lottery Winnings Work: Hitting the Jackpot Explained

On July 30, 2022, a $1.34 billion jackpot was won in a Mega Millions lottery. As this amount was the second highest recorded in United States history, it is the perfect time to go over the process of winning the lottery, from the luck it requires to how the winnings can be claimed and the disadvantages of winning a lump sum of money with practically no effort.

by Matin Varshochi
High Paying Jobs with No Degree Requirements

Not everyone wishes to attend a four-year university or pursue a bachelor's degree or higher; thus, they turn to jobs that do not have a post-secondary degree as a job requirement.

by Sheena Allen
March Madness Players To Profit from the Tournament

It starts with the desire to play NCAA basketball, become a national champion, and improve their chances of getting drafted. Players, such as Jalen Green and LaMelo Ball, forfeited the college route as rules prohibited players from earning money.

by Matin Varshochi
How to Spend Your Tax Refund Wisely

With the current tax season underway, now is the time to receive a refund from the Internal Revenue Service (IRS) for tax returns made regarding the prior year's income. Last year, the average tax refund amounted to $2,800 for individuals and families.

by Matin Varshochi
Why Athletes Need Financial Literacy

Many 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 Varshochi
Invest in Your Child’s Future Through a UGMA Account

A Uniform Gifts to Minors Act (UGMA) is an investment account for minors, allowing adults to give or transfer assets into the underage person’s account to help them save for college or be financially independent.

by Matin Varshochi
How to Choose a Suitable IRA Account

Saving for retirement is essential for living a comfortable life after working for many years. Depending on the line of work, different types of Individual Retirement Accounts (IRAs) are available to help a person maximize their retirement savings.

by Matin Varshochi
The Lessons Squid Game Taught Us About Money

The Netflix Original TV show Squid Game provided a series of nail biters, plot twists, and lessons about money.

by Sheena Allen
How the Book "Atomic Habits" Changed My Perspective on Finances

The New York Times Bestselling book, Atomic Habits by James Clear, changed my perspective on the importance of building good habits. I figured it would be best to implement it into one of the most important aspects of my life — my finances

by Derrick Herbert
National Savings Day

In honor of National Savings Day, October 12th, let's talk about saving money! Allowing yourself to save money will help you reach your financial goals, take a step toward becoming financially healthy, and change your money mindset. Small actionable steps today can lead to a big plus for your financial future.

by Nailah Herbert
What Does Net Worth Mean?

Many of us read the Forbes list every year, seeing people like Rihanna's net worth listed at $1.7 billion or Dwayne “The Rock” Johnson's net worth listed at $800 million. More recently, Forbes reported that Tesla founder Elon Musk, the wealthiest man in the world, has an astonishing $256 billion net worth.

by CapWay

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