Introduction to Bonds for Kids and Teens This video explains the concept of bonds in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about investing in bonds, or used as a money & personal finance resource by parents and teachers as part of a Financial …
Sometime ago, we talked about assets and liabilities when we discussed Net Worth. But can we discuss it in a little more detail now? Sure we can! Assets are things that you own, and can be sold to get money. And liabilities are things that you owe someone. Can you give me some examples …
When we talked about credit report, you said I should review it periodically. But why do I need to review my credit report? You need to review your credit report because any incorrect information on your credit report can negatively impact your loan applications, like a mortgage, and credit card applications. Also, reviewing your …
Bonds aren’t all bad – they are liquid, may appreciate enough to cover inflation, and are not a very risky investment. However, since they aren’t very risky, they also don’t deliver as competitive returns as other investments. Don’t get me wrong, bonds may be good to stabilize some portfolios – but I believe they don’t …
As we’ve discussed earlier, both Conventional Mortgages and FHA Loans help us buy a home through a loan. We make a down payment, and repay the loan principal, interest, etc through monthly payments. But what are the differences between them? The main difference is in terms of credit score and minimum down payment requirements. …
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 and home equity Line of Credit let you borrow against your home equity. Both could give you access to a large amount of …
What is Home Equity? Home equity is based on the fact that even if your home is in your name, you don’t really own 100% of it if you have borrowed money to buy it and are still repaying the mortgage. Home equity is the portion of your home that you truly own. Can …
We’ve talked about credit cards before, but recently I heard about a virtual credit card. What is that? A virtual credit card is a temporary or disposable card number associated with your existing credit card account, and does not come with a physical card. Virtual credit cards are also known as virtual account numbers, …
We’ve talked about banks. But I recently read about an investment bank. But what is an investment bank anyway? An investment bank is a specialized type of bank that performs large and complex financial transactions, usually for other companies or governments. What does an investment bank do? An investment bank helps companies raise money …
What is a municipal bond? Municipal bonds are debt securities issued by cities, states, counties, or other local governments. They are also commonly known as Munis, and could be issued for 1 to 10 years. Why is a municipal bond issued? These bonds are issued to raise funds for public projects like highways, schools, …
