Rishi Vamdatt · Passed the CFP® Exam at 16 
Part 1: What is ACH Transfer, How Do ACH Payments Work, Different Types of ACH Transfers, Cost of ACH Payments Part 2: Advantages of ACH Transfers, Disadvantages of ACH Payments, Alternatives to ACH Transfers Introduction to ACH Transfer for Kids and Teens This video explains the concept of ACH transfer in a simple, concise …
Infographic: Online Bank or Internet Based Bank Quiz: Bank Accounts You use a bank account all the time, but do you know how it really works? Take this short quiz to find out how well you understand the basics of banking. We’ve talked about banks, but I heard about something called an online bank. Is …
What is a digital wallet? A digital wallet is an app that is an electronic version of your wallet – it stores information about your credit cards and bank accounts in electronic form on your phone. It can also store your driver’s license, health insurance card and other ID documents, as well as your passwords, …
What is PEG ratio? PEG ratio is price-to-earnings to growth ratio. It is a stock’s PE ratio divided by the growth rate of its earnings. For example, if a stock has a PE of 12, and its growth rate is 20%, the PEG ratio is 12/20 or 0.6. Why do we need PEG ratio when …
When we talked about PE ratio, you told me that it can be used to judge whether a stock is over-priced or under-priced. So Does a low PE mean that a stock is under-priced, and a high PE mean that the stock is over-priced? Not really. Just knowing a stock’s PE ratio doesn’t help much. …
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. We have talked about home equity loan and home equity Line of Credit or HELOC in the past. But can you please quickly summarize these for me? Both home equity loan …
Quiz: Loans and Borrowing Basics Borrowing can be a useful tool or a costly trap. Test your grasp of debt, APR, and smart borrowing. What is a Home Equity Loan? It is a loan where you borrow money using your home equity as collateral. It is also known as a second mortgage. How does a …
What is a safe deposit box? A safe deposit box is a container, normally a metal box, that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. We have talked about checks before. But I’ve heard about something called check clearing. What is check clearing? Check clearing is the process through which money moves from one account to another …
Part 1: What is Wire Transfer, How it Works, Types of Wire Transfers, Their Cost Part 2: Pros & Cons of Wire Transfers, Alternatives to Wire Transfers Introduction to Wire Transfers for Kids and Teens This video explains the concept of a wire transfer in a simple, concise way for kids and beginners. It could …
