According to the U.S. Census Bureau, over 24% of Americans made over $100,000 a year in 2020. According to IBISWorld, 34.4% of American households will earn more than $100,000 a year in 2022. Facts About Americans Making over $100,000 Source: PYMNTS and Lending Club, June 2022 Report 42.4% of Americans earning more than $100,000 a … Read more
The stock market allows people and businesses to buy and sell stocks. The stock market is not one location or has a physical location. When you hear someone talk about the stock market, they are talking about how stocks as a whole are performing. The stock market is a summary of the thousands of stocks … Read more
You are thinking about investing, you keep hearing about Tesla, or you don’t want to miss out on an opportunity to build wealth. However, you’re asking yourself, What exactly is a stock? You might have learned about stocks in high school or college but then totally forgot. I remember my economics teacher always had the news … Read more
Does closing a bank account affect your credit? The only time closing a bank account affects your credit is if it’s closed with a negative balance. If you closed your bank account with a $0 balance, it will not affect your credit score. If you closed your bank account with a negative balance, it will … Read more
What is an IRA? An IRA is an Individual Retirement Account. I’m glad you’re here because that means you’re serious about investing for retirement as you should be! It’s never too late to invest but the sooner you do it, the better. Let’s get right into it. What is an IRA and how does it … Read more
Looking for a simple explanation of bonds? The investing world has a way of making things tricky for us. There’s a lot of acronyms, terms, and jargon (words used by professionals that are hard for others to understand). Bonds, however, are one of the easiest financial terms you will understand. Read the following slowly, take … Read more