Today’s financial literacy discussion focuses on bonds. Did you know that lots of people who own stocks, don’t own any bonds? In fact, some don’t even know what they are. But, owning bonds in your portfolio can be a very good idea. Have you ever bought a bond? Yes? No? If you have, what type […]
Tag: rich mom answers
What Are the Major U.S. Indexes? Rich Mom Answers
Hey! Welcome to the Rich Mom, Poor Kid blog! This is a blog that hopes to encourage those 30 and under (or anyone just beginning their path to financial literacy) to take steps to move toward healthier, wealthier lives of more freedom. Part of financial literacy includes understanding the concepts and vocabulary of finance. The […]
What is a Stock? Rich Mom Answers
If you listen to the news, or a variety of people talking, you have probably heard people mention stocks. Are they up? Are they down? Lots of people want to know. But, you may be wondering… Just what is a stock? What is a Stock? A stock represents a fraction of ownership in a company. […]
What Are Credit Score Ranges? Rich Mom Answers
What are Credit Score Ranges? Rich Mom Answers You perhaps have heard about credit scores. You know that credit scores are important. Consequently, you need to know what the ranges of credit scores are. Knowing what the credit score ranges are will help you understand where your credit score places you, and where you want […]