Tag: basics
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Audience Disclaimer
Every note has its target audience Each note is tailored for a specific audience with distinct financial circumstances in mind. Analyzing financial situations relies greatly on context. If you do not belong to the intended group, applying these conclusions to your own case may lead to inappropriate results—this is expected and does not mean the…
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Financial basics. Definitions and labels
Investments Investment is a way to grow your money by lending it to a business. As the business expands and earns more, your investment increases in value. Ideally, investments never lose money and consistently generate returns higher than the initial amount invested.Historically, investing was a privilege reserved for the wealthy, requiring a broker to purchase…
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Roth IRA and Roth 401K – start now
The thing is big. Especially if you are young and poor. You only allowed to put 7K/year per person to Roth IRA and only if you earn not a lot. And this is for a reason. It is so great that rich people would flood this account with money if given a chance. So do…
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Get yourself a credit card, and one more
✅ Action Plan: Start Building Credit — the Smart, Worry-Free Way 1. Get a no-fee credit card early 2. Use it regularly — but wisely ⚠️ If your limit is small (<$1,000), hitting 30% is easy. Just pay it down next month.It won’t hurt long-term credit unless you’re buying a car/house right now. 🧠 Why…