WHAT IS DEBT? The money you owe another person or a business. “GOOD” DEBT Money owed for things that can help build wealth or increase income over time. Example: student loans, mortgages, business loans “BAD” DEBT Money borrowed to purchase a depreciating asset Example: cars, high interest credit cards Book Recommendation: The Psychology of Money:Continue reading “FINANCIAL LITERACY LESSONS: “GOOD” DEBT VS “BAD” DEBT”
Tag Archives: financial literacy
HOW TO RESEARCH STOCKS FOR BEGINNERS
If you are starting your investing journey, you need to research stocks before investing. This is key in making the right decision and getting into a stock at the right price. Sites to use for research (best site for beginners): Macrotrends.net Yahoo Finance Seeking Alpha Quantitive Research A good way to start is to lookContinue reading “HOW TO RESEARCH STOCKS FOR BEGINNERS”
How Can You Make Money? | The 8 Income Streams
There are so many ways to make money in 2021. There is a market for just about anything. Today I want to provide you with the 8 income streams along with examples of each. The 8 Income Streams: EARNED INCOME Earned income is the income you receive from working a job. This income includes wagers,Continue reading “How Can You Make Money? | The 8 Income Streams”
BEAR MARKET VS BULL MARKET
Today’s FINANCIAL LITERACY LESSON will be focused on BEAR MARKET VS BULL MARKET!(Market is referring to the stock market) Before you invest, it is important that you understand what the market is doing and I hope this post is helpful! BEAR MARKET When a market experiences prolonged price declines Characterized by investors’ pessimism and lowContinue reading “BEAR MARKET VS BULL MARKET”
Stock Market 101: Key Concepts
Hey guys! I’m back again with another Financial Literacy post! Today, I am discussing stock market key concepts and vocabulary! Learning new things is so fun especially during these times! I hope that you can learn something new or refine your knowledge on the stock market! I would love if you share something you learnedContinue reading “Stock Market 101: Key Concepts”
HAIRSTON HUSTLE 