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Income Protection Calculator Income Protection Calculator Quickly quantify your need for and estimate the cost of both disability and life insurance Your Gross Annual Salary $60,000 Your Current Age Do you smoke? Yes No Do you have dependents? Yes No Calculate My Protection Needs Your Paycheck Shield (Disability Insurance) If you were unable to work, Read More…

True Cost of Healthcare Calculator The Cost of Healthcare Calculator Visualize the total potential annual cost of your health insurance plan, including premiums, deductibles, and out-of-pocket maximums. Insurance Plan Details Monthly Premium ($) $300 Annual Deductible ($) $1,500 Co-insurance (%) 20% Out-of-Pocket Maximum ($) $6,000 Healthcare Scenario Healthy YearModerate YearMajor Medical Event Healthy Year: 2 Read More…

Paycheck Impact Calculator Maximize Your Take-Home Pay Not all deductions are created equal. See how much a pre-tax contribution to an account like a 401(k) or FSA can boost your paycheck. Enter your info to see the magic: Gross Pay: Deduction: Tax Rate (%): Calculate Your Results: Scenario 1: Pre-Tax Savings Your Take-Home Pay: $0.00 Read More…

Student Loan Calculator Student Loan Calculator Plan your repayment strategy and save thousands on interest Loan Details Loan Amount ($) Annual Interest Rate (%) 5.5% Loan Term (Years) 10 years Repayment Plan Standard RepaymentExtended RepaymentGraduated RepaymentIncome-Driven (Estimate) Annual Income ($) Calculate Payment Extra Payment Calculator Additional Monthly Payment ($) Calculate Savings Payment Summary Monthly Payment Read More…

Buy vs. Lease Calculator Buy vs. Lease Calculator Compare the financial impact of buying versus leasing a vehicle Vehicle Information Vehicle Price (MSRP) $ Expected Annual Depreciation Rate % Buy Option Lease Option Down Payment Dollar AmountPercentage of Price $ % Loan Term 36 months48 months60 months72 months Loan APR % Lease Term 24 months36 Read More…

3 Steps to Starting a Side Hustle 1. Identify Your Side Hustle Idea The first step to creating a successful side hustle is to identify a profitable idea that aligns with your skills, interests, and schedule. To brainstorm ideas, consider the following: Reflect on your strengths and skills: Research popular side hustles online: Once you Read More…

10 Strategies to Prepare for the Expiration of Enhanced Premium Tax Credits The enhanced Premium Tax Credit (PTC) was introduced in 2021 as a temporary measure to help Americans access healthcare during the COVID-19 pandemic. However, with the expiration of these subsidies looming, millions of people who rely on them to afford health insurance are Read More…

Future-Proof Your Career from AI While AI will undoubtedly change the workforce, it can also be your greatest ally. This guide equips you with powerful strategies to embrace artificial intelligence as a key resource in continuously improving your career and professional opportunities. Check out this video on 5 AI Tools that Will Make You Indispensable! Read More…

Learn how to maximize deductions, secure your future, and manage the expenses of caring for a loved one.

Learn how the Federal Reserve’s recent rate cuts will affect your mortgage, credit cards, savings, and investments.

Yield The amount a bond pays out in interest every year. Click Here for our lesson on Bonds

Working Class A socioeconomic group characterized by filling most working roles in a society but having very little total wealth or power.

Whole Life Insurance A type of life insurance that expires after a certain number of years if the policy holder does not die. When the policy expires, there is a cash payout. Whole life insurance is considered a type of investment.

Wealth Management The act of a business to help a person or family to manage their wealth in such a way that it is properly invested to grow over time.

Wealth The total net worth of a person, including intangible assets.

Warren Buffet One of the world’s richest men and most famous investor, and proponent of the Buy and Hold investing strategy.

Warranty A written guarantee of work, customer satisfaction, or product reliability offered by a seller or manufacturer to a buyer. Warranties are offered to increase customer confidence in a product.

Wants The endless goods or services that a person wants, but not needs, to have. Managing “wants” against income and savings is a central conflict of personal finance.

Wall Street A street in downtown New York City that is home to the New York Stock Exchange. Click Here for our lesson on Wall Street

Wage Garnishment The act of a creditor gaining the right to a portion of a person’s paycheck to pay back a previous debt before it is ever paid to the employee itself. This is frequently a consequence of structured bankruptcy procedures or lawsuits.

W-2 A document provided by employers to employees of companies in the United States detailing the total income paid during the previous tax year, including the amount that was withheld by the company and paid to the government as taxes. This is usually the starting point to filing a tax return.

VRIO Framework A strategic thinking exercise that examines if a company or product is Valuable, Rare, Imitatable, and Organized. If the company or product answers “no” to any of these questions, it is not likely going to be able to maintain a strong competitive advantage over competition.

Voting Rights The right of common stock holders of publicly traded companies to vote on key issues facing the company. The most common type of vote is whether to approve a merger or acquisition of another company, or to elect the Board of Directors.

Volume The total number of shares of a security that have traded during the current (or last, if the markets are closed) trading day.

Volatility ETF A type of ETF that gains value as some underlying index’s price becomes more volatile. Investors buy volatility ETFs during periods of great uncertainty when stock prices experience a lot of up and down movement. Related Lessons