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.

Financial 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. 

Most rookie athletes are in their late teens or early twenties, earning millions of dollars. Below are examples of NFL players who either went broke or generated more wealth and the factors that led to these athletes' financial outcomes.

The 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.

On July 18, 2022, Alphabet (GOOGL) executed a 20-for-1 stock split, meaning investors who previously held one Class A share of GOOGL would now receive an additional 19 shares. Although this event has led to the stock price being more affordable for investors, there may be another reason behind Google’s intentions.

Recently, the Chief Executive Officer of Tesla and SpaceX, Elon Musk, received a class-action lawsuit regarding his role in promoting Dogecoin on social media. The main plaintiff, Keith Johnson filed the lawsuit, alleging that Musk manipulated the coin's value and designed a pyramid scheme for personal gain. Due to the serious allegations against Musk, he is being sued for $258 billion.

On June 18, 2022, Bitcoin’s price dropped under $20,000 for the first time since December 2020. Bitcoin showed a remarkable growth during the COVID-19 pandemic, especially during the lockdown era, with the price of the digital currency surging by 300%. However, as the famous saying goes, “The higher they rise, the harder they fall,” which is what Bitcoin is experiencing.

Over the past couple of weeks, investor confidence has been dropping in both the crypto and stock markets. Moreover, with the current economic climate, many investors have begun offloading most of their investments as there are rising concerns about a potential recession, leading to a crypto bear market.

College is a time of greater freedom and personal growth. It’s also an ideal time to learn and put in place personal finance habits that can last a lifetime.

Darius Pettway is the Co-Founder of Pettway Estates and KidVestors. Darius is passionate about helping people learn about real estate and build wealth in the process. He is also determined to educate and empower the youth regarding financial literacy through his company, KidVestors.

Kevin L. Matthews II is the best-selling author of From Burning to Blueprint: Rebuilding Black Wall Street After a Century of Silence. He is a former financial advisor who was named one of the Top 100 Most Influential Financial Advisors by Investopedia in 2017.