Habits Worth A Million Dollars

Compound interest

Make Money with Compound Interest

What is Compound Interest? Compound interest refers to the continuous addition of interest to a principal sum. In other words, when reoccurring interest payments are reinvested into an initial sum, it results in exponential growth. This is because each reinvested interest payment will be larger than the last. To clarify, compound interest occurs when there

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The Stock Market

Understanding The Stock Market | Everything You Need to Know

What is the Stock Market? The stock market is a collection of markets and exchanges where people buy and sell shares of publicly-held companies. A trade will occur when someone has shares they want to sell for cash, and another person has cash they want to use to buy shares. You will execute the trade

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What is a 401

How to Utilize a 401(k)

What is a 401(k)? A 401(k) is a retirement account that the employer sponsors. This account allows employees to prepare for their retirement by dedicating a percentage of their pre-taxed income to a separate account. In other words, you will place every pay period a percentage of the income you earn from your employer into

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Have no motivation

How to Control Your Motivation

What is Motivation? Motivation is the general desire or willingness of a person to take action. The initiative to ack can be incited by outside forces (extrinsic motivation) or inside forces (intrinsic motivation). Regardless of where the energy derives from, having this ambition is essential to obtaining goals and success. However, studies have shown that

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best budgeting app

The Best Budgeting App in 2021 (Mint)

What is the Best Budgeting App in 2021? A budget is a financial plan that estimates income and sets expense limits within a given period of time. Understanding how to create and follow a good budget is essential to building long-term wealth. Therefore, finding a budgeting tool to help aid your financial habits is significant.

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certificate of deposit

Learn How to Invest in CDs (Certificate of Deposit)

What is a CD? (Certificate of Deposit) A Certificate of Deposit is a savings account with a fixed interest rate and a fixed withdrawal date. In addition, CDs require a specific initial deposit that will be held until the maturity date. Another important feature to understand is that typically the longer the time deposit, the

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