There are a number of budgeting strategies out there outlining how to best allocate your monthly income. Which one is the best? It really depends on one’s expenses, debt, and savings goals. One thing they all seem to have in common is the minimum amount of income that should be
…Category: Finance
Although college enrollment rates for people of color are steadily increasing, there is one subject that we remain stagnantly uneducated on- financial literacy. The October 2021 FINRA study reveals that in an assessment of basic financial literacy, Black and Hispanic Americans score below the national average.
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Last week Meta Platforms stock (the parent company of Facebook) started to drop significantly. The fourth quarter earnings did not meet expectations and as a result it ignited a sell off. The stock has dropped around 30% this month. Historically this stock has performed well. It is widely considered one
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A couple of days ago Google’s parent company Alphabet announced the board approved a 20 to 1 stock split. Google stock went up in after hours trading and climbed yesterday as a result. Prior to the split, the stock was hovering around $2,600 a share. At market close today the
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Many people either have not built credit yet, messed up their credit at a young age, or have at some point had credit ruined due to circumstances. Bad credit limits access to many things. Some companies even look at credit as part of the hiring process. For instance, government agencies
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When you invest in the stock market most financial advisors will ask you about your risk tolerance. What is risk tolerance? It is basically how much money are you comfortable with losing. How much can you tolerate your portfolio being down? This week has tested the risk tolerance of all
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Many people think the stock market is out of reach unless you are at a certain income level. This is no longer the case. Entry into the stock market has never been easier than it is now. There are several avenues to grow your money no matter what your income
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Some individuals in communities of color do not have candid conversations about finances enough. We have all heard the phrase growing up “money doesn’t grow on trees” but rarely did they elaborate and tell you where it actually does grow. People are taught to work hard and make money to
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