Before we discuss the two generations, let’s go over some facts on credit scores. The average credit score today in America is 716. This is a new all-time for FICO scores in the United States. This may surprise you since we are coming off a major pandemic and now with higher inflation rates. In fact, we are 5 points higher than the 2020 national average for all generations. Let us look at the close comparisons […]
It is an alternative currency, just like your debit card, which is backed by the cash you have in your banking account. Cryptocurrencies are not like your credit card or any of the other 180 decentralized currencies under the control of the United Nations, whose currencies are backed by a central bank, whereas the U.S. dollar is backed by the “Full faith and credit” of the U.S. government. Cryptocurrencies are maintained, and the value of […]
Essentially, anyone can make cash with the right investment. But if the investment strategy fails, the secret is never to give up. Managing money skillfully creates financial stability, which turns into careful long-term budgeting. A properly structured budget gives you total control over your income by tracking expenses to curb unnecessary spending. Through tight spending restrictions, you’ll be surprised at how much financial wellness makes it easier to pay bills on time, save for major […]
Stocks and cryptocurrencies are different investment assets. Although both are liquid assets, their similarities generally end there. These are very different types of securities; Stocks represent ownership in a publicly-traded company where each share of stock one buys confers a percentage of ownership in the company itself. The buyer receives this ownership in proportion to the number of shares a company has issued. On the other hand, cryptocurrency is a purely digital asset. This means […]
I’m sure that everyone has heard of a mortgage. But how many people really know what a mortgage really is and what consists of? Well, here is some information that will be very helpful for those thinking about buying a home. A mortgage is made up of 4 parts: Principal, Interest, Taxes, and Insurance (or PITI for short). Let’s look at each of these factors. First, there is the principal. The principal is the actual […]
