I’m money minded Investment Basics

Types of investments

Different types of investments work in different ways, and come with their own benefits and drawbacks. We can think of them as different paths to the same destination. Some paths are long, and others are shorter yet more dangerous. Fortunately, you don’t have to pick just one path. You can take advantage of multiple types of […]

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I’m money minded Investment Basics

How compound interest works

Compound interest is one of the most powerful concepts in finance. Albert Einstein even called it the “eighth wonder of the world”. Let’s see how compound interest works, and how you can use it to your advantage. What is compound interest? Compound interest is when interest gets added to the initial amount invested or borrowed, […]

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Everything Else Investing Investment Basics

What is an asset?

Assets: You may have heard the term “asset” before, but do you know what an asset is? It’s actually pretty simple. An asset is any thing of value that someone–like a person or business–owns. It could be a home, a car, cash, stocks–anything, really, as long as it has value and belongs to someone. You […]

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Investment Basics

What is an investment?

What is an investment? An investment is a way to utilize your cash with the goal of generating future benefit. This future benefit can come in the form of generated income or capital appreciation. Depositing money in a bank account with interest is an investment that will generate income for you through interest. Buying shares […]

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