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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
Credit Cards - What are Credit Cards? Credit cards is a form of unsecured credit (meaning a loan without collateral) that you can use to make everyday purchases. All credit card purchases are made using a loan –… Read More...
Building An Investing Strategy - An "Investing Strategy" is a plan for how to save money to help it grow. Sometimes an "investing strategy" can just mean "plan for trading stocks", but it really means a lot more. Liquidity, Risk,… Read More...
Managing Debt - To be "In Debt" means to owe money to someone else, usually making fixed payments to pay back the amount over time, plus interest. Debt means different things to different people - having some debt… Read More...
Car Insurance - If you drive a car, you need to be covered by some sort of car insurance. You have probably seen dozens of advertisements from insurance companies claiming to help lower your rates, improve your coverage,… Read More...