Being an entrepreneur was tough before the pandemic. Nearly two years in, it’s proven to be nearly impossible to access traditional forms of funding needed to sustain a business through this kind of cultural and economic turmoil. And, the numbers show just how tough it’s been.
Topics: Business|Invest, Loans, strategy
In this article, we will explore the reasons behind the current Rich Session in the stock market and how higher interest rates are affecting the valuation paradigm. As a seasoned investor and hedge fund manager, tAndrew Glaze, CFA CEO of Wealth Stack provides valuable insights on how to navigate this changing investment environment and how to take advantage of opportunities in the current job market.
Topics: Trending Finance News, Business|Trending Finance News, Business - Mid Stage, Business - Late Stage
Recently, budgeting was listed as one of the most important skills we should be learning in school, along with leveraging compound interest and investing for long-term goals. Unfortunately, most college students are stuck in core classes required to graduate, such as astronomy, algebra, and even basic writing courses.
According to the Tax Policy Center, 60 million Americans pay into an Individual Retirement Account. This means that millions of Americans understand the benefit of paying into a tax-deferred account that only serves to help them grow their wealth over time.
Topics: Build Savings|Invest|Retirement
If you’ve got retirement accounts and are in need of quick access to cash, you might be wondering, "Can I borrow against my retirement account?" The answer is complicated. In short, yes, you can.
Fewer than 4 in 10 people in the US have enough savings to pay for an unexpected $1,000 expense in cash. That’s a sobering reality in a society where we’re taught that we should have an emergency fund with enough money to cover at least three to six months of expenses.
Topics: Build Savings
We all have a net worth, which is the difference between what we own and what we owe. Your net worth can be calculated by adding up your assets (what you own) and subtracting your liabilities (what you owe).
Parents spend an average of nearly $13,000 each year just to raise one child. And that’s without any special activities, private school, tutoring, or unexpected events. Multiply that by 18 years and you’re looking at spending over $230,000 per child to raise your kid. Obviously, then, it makes sense to look into a 529 plan.
That sounds like a lot, right? But in the same way you’d eat an elephant one bite at a time, we’re going to tackle this one bite at a time. And no, I’m not suggesting that anyone actually eats an elephant. I’m making reference to the proverb “How do you eat an elephant? One bite at a time.”
Topics: Trending Finance News, Diversity
Approximately 16% of Americans have poor credit, which is a score under about 580 in most cases. And, another 18% of Americans have fair credit, which is under 670.
Topics: Improve Credit|Pay Off Debt
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