1. Understanding Interest Rates 1. Understanding Interest Rates (image credits: pixabay) Interest rates are like the price tag on borrowed money. When you take out a loan, the interest rate determines how much extra you’ll pay for the privilege of using someone else’s money. Think of it like renting a car; the longer you have ...
to Buy Your First Rental Property Without Making Costly Mistakes Understand Your Financial Situation Understand Your Financial Situation (image credits: unsplash) Before stepping into the world of rental properties, it’s vital to take a good look at your financial health. Start by checking your credit score, which plays a key role in securing a mortgage. ...
The Allure of Instant Wealth The Allure of Instant Wealth (image credits: unsplash) Many people fantasize about winning the lottery, dreaming of a life filled with luxury, freedom, and endless possibilities. However, the reality of sudden wealth is not as glamorous as it seems. According to a report by the National Endowment for Financial Education, ...
Create a Detailed Budget Create a Detailed Budget (image credits: pixabay) Creating a detailed budget is like laying the blueprint for your financial house. According to a 2023 report by the National Endowment for Financial Education, only 32% of Americans keep a detailed budget, which is surprising given its importance. By tracking every penny you ...
Understand Your Financial Situation Understand Your Financial Situation (image credits: wikimedia) Before stepping into the rental property market, it is crucial to have a clear picture of your financial status. It’s like setting sail without knowing the weather conditions; you need to be prepared. A good place to start is by checking your credit score, ...
Understanding Financial Privilege Understanding Financial Privilege (image credits: pixabay) Financial privilege is a concept that is not always openly discussed, yet it plays a crucial role in shaping life opportunities. It refers to the benefits and advantages that individuals or groups enjoy due to their financial status. These advantages manifest in various ways, such as ...
Definition and Purpose of Economic Sanctions Definition and Purpose of Economic Sanctions (image credits: unsplash) Economic sanctions are strategic tools used by nations or international bodies to influence the behavior or policies of other countries. They can take many forms, such as trade embargoes, financial restrictions, or asset freezes. The main goal is to compel ...
Understanding Market Cycles Understanding Market Cycles (image credits: pixabay) To build a stock portfolio that can survive any market crash, understanding market cycles is fundamental. Markets naturally go through periods of growth and decline, much like the changing seasons. The National Bureau of Economic Research notes that expansions typically last around 58 months, while contractions ...
Understanding the Poverty Mindset Understanding the Poverty Mindset (image credits: pixabay) Many individuals remain in a state of financial struggle due to a poverty mindset. This mindset is characterized by limiting beliefs about money, such as the idea that wealth is unattainable or that financial success is reserved for others. According to a study by ...
The Rise of Suburban Living The Rise of Suburban Living (image credits: wikimedia) In the last few years, a noticeable shift has emerged as many city dwellers are heading towards the suburbs. This trend gained momentum during the COVID-19 pandemic when people sought more space and tranquility. According to the National Association of Realtors, a ...
Chris Divay, B.Sc. Finance
Matthias Binder, M.Sc. Financial Engineering
Axel Wellington, B.Sc. Economic Policy