The term trading and investing are sometimes use interchangeably, however they mean different things. When you trade, you buy something at one price and sell it later on at a higher price - at least that’s the goal. In contrast, when you invest, you purchase assets and hold them for over long periods of time. I like to think about trading in terms of Stock Prices, while Investing in terms of Value. When you trade, you only care about the price you buy and sell, when you invest you mainly care about the accumulated value over time.
Life insurance is an important part of the financial planning process. It can be used to help protect your family, as well as your assets. It protects your loved ones from the financial burden of death, and it can protect your assets from being liquidated if you suffer an accident or disability.
Debt is one of those things that seems like a good idea at the time, but turns out to be a compounding mistake. Whether it’s a credit card debt, car loan, or a mortgage we owe money. When you have debt, you need to pay it off as quickly as possible. Here ares some strategies to help you pay off debt fast.