There is little more exciting in business news than a big IPO or initial public offering. An IPO is a business process where shares of stock are first issued to the public on a major stock exchange. To typical investors like you and me, an IPO is a chance to earn a quick return on investment, but to investment banks, angel investors, venture capitalists, and company founders, IPOs are big business with billions of dollars on the line.[Read more…] about How IPOs Work: From Startup to Initial Public Offering
Grow Your Weath
A checking account is the most basic personal finance tool, and it is important that you understand how it works, how to use it, and how not to use it.[Read more…] about Finance Basics: What is a Checking Account and How Should I Use It?
I'm sure you have heard of the idiom that we should all prepare for a rainy day, right? Do you actually know what it means to prepare for a rainy day? For most of you, the underlying meaning is obvious, but to be completely honest, it wasn't always that clear to me. Until I was about 20 years old, I thought this literally meant that you should have some cash stashed away so you can still do something fun when it's raining outside. Am I just stupid? Maybe. But it just goes to show you that even a supposed financial guru doesn't always understand the simplest of things. So, let's dig into the real meaning of what it means to prepare for a rainy day and why we should do it![Read more…] about How to Prepare For a Rainy Day
I was recently talking to a friend about her finances, and she told me her biggest worry is trying to get ahead. With bills, rising rent, and increasing costs at the grocery store, it can seem like a big challenge to build yourself a solid financial future.[Read more…] about The Challenges of Trying to Get Ahead
Many parents shield their children from their personal finances, which can make sense for many families. However, kids will become adults sometime and will have to learn about money sometime. As schools teach almost nothing about personal finance, those lessons should come from parents. But should high school students start managing their own money?[Read more…] about How Should a High School Student Learn About Money?
A few months ago I talked about what to do if you felt that you could not afford to save for retirement and it spurred some good discussion for many that are facing that challenge. Another factor that many face in regards to saving for retirement is finding simple ways to do it and this is especially the case as you first start. With that in mind, I thought it would be beneficial to discuss some actionable ways to start investing for retirement if you’re on a budget.[Read more…] about 3 Simple Ways to Save For Retirement on a Budget