This is a tricky topic to talk about. So please read the caveat at the bottom of this post! The wealthiest people in the world have, on average, made their fortunes on ONE …
What is "Diversification"? There is more to it than you might think!
Diversification basically means not putting all your eggs in one basket. If you hold only one stock and that company went bankrupt, then you would have lost all your money. If you …
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Interest: Think of it as "rent"
I don't think many people explain it this way, but it is probably the best analogy I've heard. Rent is paying for the "use" of something: like renting a movie, an apartment or …
What is a "Line of Credit"?
A Line of Credit is basically like a credit card in that you apply to have the ability to borrow money whenever you want and have a set limit that you are authorized to use (let's …