Blog

A balance sheet millionaire is an individual whose net worth, or total value of their assets minus liabilities, is at least $1 million.

A mortgage is a financial bridge that lenders offer to help you buy your home now, allowing you to pay it off over 15 to 30 years.

Real estate is all about buying, selling, and owning property - homes, multifamily, office buildings, or land.

Active Investment seeks to beat the market through strategic buying and selling of stocks, bonds, or other assets.

Passive Investing is putting your money into investment vehicles that don’t require daily decisions or constant portfolio tinkering

Time Value of Money is a principle suggesting that a dollar in your pocket today is worth more than a future dollar promised to you.

An emergency fund is a stash of cash specifically set aside to bail you out of unexpected situations and creates stability for your family.

Frugality is the practice of being wise in your spending, finding value in purchases, and prioritizing your financial health over desires.

A budget is a financial plan that outlines expected income and expenditures over a specific period, typically monthly or annually.

Tax Credits are a dollar-for-dollar reduction in the amount of tax you owe to the government.

Tax deductions are specific expenses you've incurred throughout the year that the government allows you to subtract from your taxable income

A Roth IRA is a unique investing vehicle where you pay taxes on money going into your account, and then all future withdrawals are tax-free.

Deflation is a decrease in the general price level of goods and services. It's the opposite of inflation.

Your FICO score is a numerical summary of your credit report, a snapshot of your creditworthiness.

Interest rates, expressed as a percentage, are the cost of borrowing money or the reward for saving it.

Capital refers to the assets that individuals or businesses use to create wealth. It is the fuel that powers the engine of economic growth.

Venture Capital is a type of financing that investors provide to startups and small businesses that show potential for long-term growth.

Hedge Funds play a bigger game, using advanced strategies like 'short selling' or 'leverage.'

Asset Allocation is how you divide your investments among different types of assets – like stocks, bonds, and cash.

A bear market refers to a period when stock prices are falling, typically by 20% or more from recent highs.