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Many, many people have no idea how the credit rating system works. If you’re one of them, then don’t stop reading! 40% of Americans actually don’t know their score, let alone how to even begin understanding their credit score. So if you’re one of them, you’re absolutely not alone.

While almost half of millennials have a 401(k) account, only one in four have a Roth IRA. What’s the deal? Y’all must not understand the benefits of a Roth IRA when compared to other retirement accounts, right?

59% of Americans have access to a 401k account, but only 32% are currently investing in one. If you knew how these retirement plans work and how they can help you build your wealth, would you invest in one? Would you try to meet your 401k contribution limits each year?

Let’s keep this short: inflation is back, and it’s really bad. Like, really bad (sorry millennials; we’ve been through a lot in our short adult lives). Just how bad? Recent reports show that consumer prices went up 4.2% in April 2021, which is the fastest since 2008.

Despite knowing that increasing financial literacy is one of the most basic ways to begin closing America’s wealth gap, financial products still don’t yet cater to those who are underserved and underrepresented. Putting a price tag on budgeting tools is just one way in which the system is designed against those who don’t traditionally have a seat at the table. Plus, free online budgeting tools exist everywhere nowadays.

Are you a freelancer deciding between Upwork vs. Fiverr? Both platforms are popular for gig work, offering tons of buyers you can entice to get your side hustle or freelance work started. And when we say tons, we mean tons. Fiverr had 3.42 million active buyers from more than 160 countries last year, and Upwork has 145.4 thousand active clients that spend at least $5,000 per year.

Over 41% of workers continue to work remotely. If you’re one of them, then we don’t have to tell you just how much that’s affecting everybody’s mental, emotional, and physical health. The pandemic has affected more than just our ability to work normally, though. It’s also causing the wealth gap to grow.

5.34 million existing homes were sold in 2019 before the pandemic hit, with first-time homebuyers making up 31% of the market. Now, the situation looks quite a bit different, and buying a house for the first time is no walk in the park, even when the economy is in good shape.

There are many factors that affect your credit score. The most important is the number of on-time payments you’ve made. Why is that such a big deal? Your credit score provides lenders with a good idea of how trustworthy you are as a borrower. They want to know that, if you borrow cash, you’re going to pay it back on time.

Before you bounce right off this page because you read the title and are thinking, “I don’t even have $1,000 to invest and may never have $10,000,” just hear us out. First, we understand. Our founder came from a very humble beginning and was not born into wealth. The methods that we are giving you in this blog are the same ones that allowed him to become a self-made millionaire.