What is Bitcoin?: Bitcoin, often called the pioneer of cryptocurrencies, is a decentralized digital currency that operates independently of traditional financial institutions like central banks or governments. Launched in 2009 by an anonymous entity known as Satoshi Nakamoto, it was distributed freely to the public, marking the beginning of a new era in finance. In…
Financial success is no longer just about having the right job and spending wisely – it’s also about how we think and feel about money. By changing our frame of mind around money, we can empower ourselves to make better decisions and achieve life success. Here are tips on how to change your mindset around…
What Are Bonds? Bonds are a type of investment that is similar to stock in that they are a “loan” to a company or government that pays one back at a specific interest rate. Like a stock, money invested in bonds can be used to fund the operations of whoever offers the bond. Bonds are…
What is a 403b investment account? A 403b account is similar to a 401k retirement investing account. A 403b investment account (also called a tax-sheltered annuity or TSA plan) is a retirement plan offered by public schools and certain 501(c)(3) tax-exempt organizations. Employees save for retirement by contributing to individual accounts. They can also contribute…
What is Mainvest! Mainvest is an investment brokerage company that instead of focusing on the regular stock market or real estate like most brokerages nowadays, instead allows people to invest directly into small businesses and share in their profits. Their returns are supposed to be about 10-25% on average with returns as little as $100….
What are taxable investment accounts? No matter who you open an investment account with, most typically offer the regular taxable investment account. Unlike tax-deferred investment accounts, like traditional IRAs, 401ks, Roth IRAs, and etc., taxable investment accounts count as extra income every year when you sell for a gain or are paid dividends from your…
What is M1 Finance? M1 Finance is an investment brokerage that offers investment and banking services. The unique thing about M1 Finance is that they were one of the first brokerages to offer both commission-free and fractional shares on any stock listed in the US stock market. They did have predecessors like the investment brokerages Stash and Robinhood that really…
What is M1 Finance! M1 Finance is an investment brokerage that offers investment and banking services. The unique thing about M1 Finance is that they were one of the first brokerages to offer both commission-free and fractional shares on any stock listed in the US stock market. They did have predecessors like the investment brokerages Stash and Robinhood that really…
What is a Solo-401k? A solo-401k is a type of retirement account that is similar in nature to the regular 401k. The biggest difference is that while regular traditional and Roth 401ks are employer-sponsored retirement accounts, solo-401ks are a type of 401k that you can open when self-employed. The solo-401k also has the option of…
What is an interest rate? Interest rates are the rates at which you earn money with things like savings accounts, checking accounts, dividends, and etc. They are also the rates at which the amount of money that you owe on things like various types of loans and other debts increases. Most interest rates are what…
