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FDIC insurance is like a safety net for money. It's a government-backed guarantee that protects your deposits if your bank goes belly up.

Fintech, short for "financial technology," refers to the innovative use of technology to deliver financial services.

Due diligence is all about doing your homework before making a financial decision. Think of it as a deep dive into the details.

An Exchange-Traded Fund, or ETF, is a type of investment fund and exchange-traded product, meaning it is traded on stock exchanges.

The lottery mindset is characterized by the expectation of sudden wealth through a one-time event like winning the lottery or rolling dice.

A debit card is essentially a digital checkbook. When you use it to make a purchase, the money is taken directly from your bank account.

Debt-to-income ratio is a financial benchmark used by creditors to gauge a borrower’s ability to manage monthly payments and repay debts.

By mastering financial literacy to speak the language of money, you become more capable of making informed decisions for your finances.

Annual Percentage Rate (APR) is a measure that captures the total cost of borrowing, expressed as an annual percentage.

Dollar-cost averaging is an investment strategy where you invest a fixed amount of money at regular intervals regardless of asset price.

Bankruptcy is a legal procedure for individuals or businesses that cannot repay their outstanding debts.

Foreclosure is the legal process in which a lender takes possession of a property when the homeowner fails to make their mortgage payments.

A Credit Score is a number that tells lenders how likely you are to pay back money you borrow, based on your past financial behaviors.

A checking account is a type of bank account that is designed for frequent use. Checking accounts are about accessibility and liquidity.

Annuities are like reverse life insurance policies. They provide a steady stream of income while you are alive.

Day trading is a style of trading where individuals buy and sell financial instruments within the same trading day.

Angel Investors provide early-stage capital to entrepreneurs in exchange for ownership equity or convertible debt.

Price-to-Earnings Ratio (P/E) is calculated by dividing the current market price per share by the earnings per share (EPS).

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors.

Cash-on-cash return is a rate of return used in real estate investments that calculates the cash earned on the cash invested in a property.