Almost everyone has heard of interest. If you have a bank account, the bank probably pays you interest. (Even if it is a 0.000001% interest rate) If you have any debt, then you are likely paying interest on that debt. However, do you understand the effects of compound interest? Compound interest is the effect of […]
What are bonds?
We’ve addressed what stocks are, and now it’s time to talk about the other most common financial asset that people buy: Bonds. So what are bonds? Definition: What are bonds? A bond is a debt contract. The person who buys the bond, buys the right to receive their money back at some later date, in […]
What is a stock?
Most people have heard of the stock market, but have you ever truly thought about what that means? Have you ever wondered: “What is a stock?” Today, we answer this important but often overlooked question. Definition: “What is a stock?” A stock is a partial ownership share of a company. What does this mean? The […]
What is Investing?
Investing is the process of exchanging your time and money now for time and money in the future. If you are successful in investing then you will receive a larger amount of time and money back than you put in. That’s it. Probably not what you were expecting. The truth is that investing isn’t about […]
