Category: Finance
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Understanding finances: how to earn extra income with side hustles?
If you are not born with money (like most of us), you know how hard it is to make money. In 2022, almost everyone is talking about starting a side hustle, either an online shop, a training program, or learning a new skill. The concept of attending college and higher education has significantly diminished. Most…
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Understanding finance: How to get started with a Roth IRA account?
The Roth IRA, or the Roth individual retirement account, is one of the most common ways to save for retirement. It is one of the tremendous tools in your toolbox for financial freedom. The Money Guy show recently published one pilot study, which suggests that if you save money in your 20s in your Roth…
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Understanding finance: why you should get a credit card?
Credit cards can be valuable tools in your financial journey if you use them correctly. About 20 years ago, everyone told us how evil credit card companies are. I still remember they continually advertise to discourage people from having credit cards in my financial literacy class. Credit card companies make consumers spend a lot of…
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Understanding finances: how to become a millionare using the ETFs
It seems that everyone is trying to get rich quickly these days. All of the hypes from the cryptocurrency market have turned our economy upside down. In the 1980s, an average American would have only invested in 401ks, bonds, stocks, and real estate. However, if you ask a millennial or Gen Z, you will find…
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Understanding finance: daily things that can save you money
You may need some extra cash to pay for bills or try to save up for a big purchase. You might even want to remodel your kitchen or fix your backyard with your new home. Money-saving tips have been around for decades. Long gone are the days that we carry a big book of coupons.…
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Understanding finances: Why you need an emergency fund
The rainy day is here. The S&P500 dropped over 20% in the past few months, and the recession is upon us. Since the last recession in 2008, Americans have been accustomed to lifestyle inflation and enjoyed the fruit of a booming market. A recession is when the GDP declines in two consecutive quarters. There have been…
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Understanding homeownership: how to take care of your first home
Congratulation on purchasing your new home! Your adulthood journey begins here. Owning a home is no easy task! Many responsibilities come with homeownership. This will be an excellent article if you have never owned a home before. We will go over some of the things you may overlook when purchasing a home. Every home is…
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Understanding finances: What is eREIT? What is Fundrise?
As we are entering into a bear market and recession, it is more important to diversify your financial portfolio. The S&P 500 declined by almost 20% in the past year. On the other hand, real estate has increased by 200%. As a result, REIT and eREIT are now great ways to diversify your portfolio. REITs…
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Understanding finances: How to optimize your credit score?
A good credit score can change your life. It is true when it comes to loaning money from any financial institution. Unfortunately, it can be detrimental to your financial health if your credit score is less than 700. Imagine that you are attempting to get a mortgage for your dream home, but you got declined…