How to Buy Penny Stocks for Beginners

Also known as a “microcap stock,” penny stocks are traded at a very low price per share — typically under five dollars, and sometimes even less than a dollar. Most often, these stocks are shares of companies that are new to the market or not yet well known. While the name “penny stock” implies […]
What Are Assets? Types and Examples of Assets

When you own items that bring value to yourself or your company, they’re considered assets. The assets you own as an individual contribute to your net worth and the assets your business owns increase its valuation. It’s important to understand the value your assets have gained over the years. This will not only give you an […]
What Is Net Worth and How Do You Calculate Net Worth?

If you’ve been working hard to grow your personal wealth or the value of your business, you may be curious to know your net worth or the net worth of your company. Learning about the value of your wealth or how much your business is worth is not only intriguing, you can also use this information […]
Using a 401(k) Loan to Pay for Education: Everything You Need to Know

Going to college is a major expense. What’s more, the costs of higher education continue to increase year over year, making it virtually impossible for some people to afford. Often, people don’t know how they’re going to afford to pay for tuition. Fortunately, there are a number of options individuals can choose from when they’re […]
How Does Rent-to-Own Work? Rent-to-Own Homes Explained

In some cases, people can’t afford the monthly mortgage payments required to purchase a home, but they don’t want to dump all of their investment into a rental property they’ll never own. That’s where rent-to-own homes come in. The concept of renting something until you’ve paid enough to own it dates back to the 1950s, […]
401(k) Loans: What You Need to Know Before Borrowing

When you have a financial hardship — for instance, you’ve run through your savings after losing a job, or you’re facing a particularly large unexpected expense — the money you’ve saved for retirement in your 401(k) plan may seem like a viable option for some much-needed cash. After all, if you have 30 to 40 […]