What is Aspiration? Aspiration is an online bank that that provides many of the usual products provided by banks like checking accounts, savings accounts, investment, and credit cards. They are also a bank that focuses very, very, heavily on saving the planet with the way they do business. Whenever you spend money with Aspiration you…
What is an LLC or Limited Liability Company? An LLC or limited liability company is a type of legal entity that is formed in order to own and operate a business. The reason LLCs exist is to provide some protection against lawsuits and other legal issues for the actual owner of a company since the…
What is Personal Capital? Personal Capital is an app similar to the Mint.com app that allows you to do things like setting up a budget for yourself and track your expenses and investments. Other than the budgeting and expense tracking tools that Personal Capital offers they also provide their own checking account that you can…
What is Chime? Chime is an online bank like Sofi or Ally. They are an online bank that provides checking accounts, savings accounts, and credit cards for its customers. It was founded on the premise that basic banking services should be helpful, easy, and free. That’s why their model doesn’t rely on an overdraft, monthly…
What is a savings account? A savings account is a type of account that you can open in a financial institution like a bank or credit union. This type of bank account allows you to deposit money to be stored safely in a bank for you. Savings accounts also typically earn more interest than checking…
What are BDCs or business development companies? BDC stands for a business development company. This is a type of stock that deals with businesses that invest in other businesses that are small, medium, or distressed businesses. They are somewhat higher risk, but like REITs, typically offer higher than average dividends. A BDC must invest at…
What is a checking account? A checking account is a type of account that you open with a financial institution like a bank or credit union that allows you to deposit your money to be held with them and can withdraw it at any time. Checking accounts allow people to access the money held in…
What’s the first thing you need when starting a business? During the coronavirus pandemic of 2020-21, millions of people were laid off from their regular 9-5 type jobs in the USA and around the world. While some countries in the world were able to grant a fair amount of money in aid to those who…
What are taxes and how do they work? Taxes are the fees everyone in the world pays to their government in one way or another to pay for the goods and services provided by the government like law enforcement, health care, the military, and others. Taxes are normally collected in a few different ways that…
What is Quora? Quora is a site that is a bit of a mix between a social media and Q&A site. The fact that you can post and answer questions that people post on this site and at the same time you can also garner a following and really interact with others through the comments…
