How Does Inflation Affect Purchasing Power?
How does inflation affect purchasing power? To begin to understand how it works, it helps to know what purchasing power is and how it’s defined. Investopedia defines purchasing power as “the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.” So when we discuss purchasing power, we aren’t in this context talking about how much money you...
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Are Investing Courses Worth It?
Are investing courses worth it? Sadly, there is no cut-and-dried answer to this question since much depends on both the quality of the courses as well as the ability of the student to absorb the information. That said, there are some things you can do that will make choosing whether to take an investing class or not easier. amzn_assoc_placement = “adunit0”; amzn_assoc_search_bar = “true”; amzn_assoc_tracking_id...
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Can Paying Your Bills on Time Increase Credit?
Can paying your bills on time increase credit? The short answer is yes, definitely. But there’s a catch. Before we get to that, it pays to understand why paying your bills on time works to improve your FICO scores and earn you access to more credit. Learn To Think Like A Lender Many people are mystified by their credit–they don’t understand what makes their FICO scores rise or fall, and...
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The Shrinking U.S. Economy And You
If you are interested in investing, you might be wondering what the July 30, 2020 headlines about the U.S. economy shrinking a whopping 33% (more accurately, 32.9% according to the Associated Press) between April and June really means. I love how conspiracy-theory that line above sounds; there is no conspiracy, just a combination of economic factors that have brewed up a nasty economic storm that...
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How to Avoid Hidden Fees
Do you need to learn how to avoid hidden fees? They are the bane of the consumer’s existence, and many of the fees you need to avoid require you to think more like a small business entrepreneur than a regular consumer. What does this mean? Basically, by looking at your purchases, service contracts, rental agreements, and other areas as a business owner with low margins, you start to look for ways...
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