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Archive for August 2019

What Is A Bond ?

A bond is essentially an IOU. It’s sold by a company or federal, state or local government. It’s a promise you are going to lend your money by purchasing a bond and they’re going to use the money either to finance a deficit, finance a project, etc. While they are using your money, they promise…

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Financial Planning for The Breadwinner of a Multigenerational Household

multi generational family

Did you know that over 60 million Americans are living in a home with either grandparent, grandchildren, or with two or more adult generations? That’s nearly 20% of America.

Whether it was planned or not, you may at one time be living in a multi-generational household. Kids may need to move back in after college. In fact, over 36% of 18-31year olds are living at home. Forty-seven percent of adults aged 40-50 have a parent 65 or older and are still raising or have adult children with financial needs.  Whether it’s the cost of living increases, childcare needs, health issues, or a job loss, the trend of moving into a multi-generational family home has been on the rise since 1980, hitting a high point during the 2007-9 recession. Whatever the case, living in a multi-family household can be an enriching and positive experience. This article will go over some ways to streamline the process so that it is beneficial to everyone.

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What Is An Equity?

Equity in an ownership investment. If you own your home outright you own 100 percent of the equity in your home. But if you have a mortgage, part of your home’s value is pledged to the bank as collateral and part of it is yours. Stocks are equities. A share of stock represents ownership in…

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What Is A Security?

Security is just designating that is a type of investment. -A stock is a security. -A bond is debt security. Now with a security you purchase it in the case of a stock, or with a bond you lend your money to someone else. Or you purchase an existing bond from an existing owner. And…

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