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 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 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 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 Robinhood? Robinhood is an investment brokerage that’s named after the famed fairy tale character of Robinhood, who stole from the rich and gave to the poor. Robinhood named itself in such a manner because they were one of, if not the first investment brokerage that allowed people to invest commission-free. Before Robinhood, most…
What are MLPs or Master Limited Partnerships? MLP stands for a master limited partnership. An MLP basically is a type of stock that exists as a publicly traded limited partnership. Everyone who invests in shares, or rather “units”, of an MLP is technically considered a “limited partner”. Master Limited Partnerships have two different types of…
