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
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
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
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
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.
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
© 2021 all rights reserved
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
