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Opportunity Cost - Definition "Opportunity Cost" is what needs to be given up to get something. This is different from an item's price. Imagine you want to buy some stock for your virtual portfolio - you can afford one share of either Apple () or Alphabet, Inc. (). Your Opportunity Cost of buying one is that you cannot also buy the other, meaning you'll miss out on any potential returns and dividends. This problem appears in every choice you… Read More...
Personal Finance
Building Wealth - There are hundreds of small tips and rules you will hear about managing your personal finances, but putting everything together into one coherent plan can be a daunting task. You have probably already heard about… Read More...
Debt Negotiation - Everyone has had financial emergencies, when a huge spending shock breaks your budget or spending plan into pieces. If you have more than one emergency in a short time, such as if you lost your… Read More...
Debt Management Services - If you find yourself over your head in debt, there is always a light at the end of the tunnel. Credit counseling agencies, both for-profit and non-profit, exist in every state to help people build… Read More...
Insurance - Insurance is protection from losing or damaging something. It is defined as the transfer of loss risk in exchange for payment. Basically, if we damage or lose something that was insured, the insurance will cover… Read More...