finance
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Visa vs. Mastercard: Which Card is Right for You?
Unless you live in one of those mythical places that only deals in cash transactions—or you’re very interested in keeping your financial activities uh, off the grid—the chances that you use a piece of
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Debt-to-Income Ratio (DTI): Understanding & Calculation
Handshakes are great, but banks want to see hard data before they give you hundreds of thousands of dollars. One of the ways they determine whether you can repay a loan is by examining your debts and
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RDSP: Your Guide to Tax-Advantaged Retirement Savings for Individuals with Disabilities
RDSPAn RDSP is a tax-shelter intended to help a person with a disability establish financial security in retirement. To incentive Canadians to open an account, Ottawa matches savings and provides bond
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Personal Budgeting: A Beginner's Guide to Financial Control
Mastering personal finance is like learning any new skill. It takes time, practice, and patience. Most people who start caring about personal finance realize that they’ve made a few financial mistakes
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Understanding GICs: A Low-Risk Investment Explained
Think of a Guaranteed Investment Certificate (GIC) as a parking spot for your money, at a really clean garage where the police never ticket. That’s because a GIC is one of lowest risk investments o
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Net Worth: Definition, Calculation & Importance | [Your Brand]
Net worth is the sum total of what you own minus what you owe. This extends well beyond how much money you have in the bank. In financial terms, net worth is the sum of your assets and your liabilitie
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Fiduciary Duty: Definition, Responsibilities & What You Need to Know
The term fiduciary has been prominent in the financial news media in recent years, both because of the implementation of the Department of Labor’s Fiduciary rules under the Obama administration and th
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Understanding Gross Income: Definition & Importance
Gross income isn’t a way to express your disgust about your paycheck but rather a way to describe income that doesn’t yet have any expenses or deductions accounted for. It’s often referred to as the “
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Understanding the Balance Sheet: Assets, Liabilities & Equity
A company’s balance sheet shows the company’s assets, liabilities and shareholders’ equity at a specific point in time.What is a balance sheet?The balance sheet is a financial statement that shows a c
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Understanding Sustainability: Investing for a Better Future
You’ve seen it on Twitter, you’ve seen it on the news, you’ve probably seen it on the package of your supermarket’s organic aisle: sustainable. It sounds good, it makes you feel good, it makes others
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APR Explained: Understanding Annual Percentage Rate & How It Works
When you consider borrowing money, you will encounter many unfamiliar terms such as APR, or annual percentage rate. But what is APR and how does it work?APR is the interest rate in yearly rate terms.
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Income Statement: A Comprehensive Explanation & Example
Investing in stocks requires understanding the companies you’re interested in. And investors should become familiar with three particular financial statements that can reveal a lot about each company’
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Comprehensive Financial Planning: A Practical Guide to Building Wealth
Financial planning may sound intimidating—there’s a lot to cover, after all, including budgeting, retirement planning, and debt management. But it isn’t just a subject for money experts; anyone can ge
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Boost Your Credit Score: A Comprehensive Guide
Your credit score is a number within a specific range that indicates to lenders how trustworthy you are.The higher your score, the more lenders trust that you’ll pay back the money you borrowed. The l
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Understanding Disbursements: Definition, Examples & Business Impact
Disbursements can be any form of payment. They represent a cash outflow for a company.Examples of disbursements include:money paid out to run a businesscash expendituresthe amounts that a lawyer might
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Understanding Liquidity: Definition, Importance & Key Ratios
If you totaled all of your assets right now, that number would probably be bigger than you expect. Your car, for instance, has value, but it doesn’t feel like value you can access. If you were willing
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T4 2019 Deadline: Canada's Employer Reporting Date - March 2, 2020
When is the T4 2019 deadline?March 2, 2020.In Canada, every employer is required by law to complete T4 statement of remuneration paid slips and summaries for the prior year by the last day of February
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Compound Annual Growth Rate (CAGR): Definition & Calculation
What is CAGR?CAGR stands for compound annual growth rate. It is the growth rate that your initial investment would need to experience to grow to a set level over a specified period of time. It is anal
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Switching Banks: A Step-by-Step Guide to a Seamless Transition
Sick of your current bank's excessive fees, poor customer service, and slim product options? If your current bank isn’t meeting your needs, it might be time for a change.How to Switch or Change B
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Annuities Explained: A Simple Guide to Retirement Income
So you're wondering what is an annuity? There are dozens of different flavours of annuities that perform different functions and pay their holders out in different ways, but for our purposes let’
finance
- Recovering from Financial Mistakes: 7 Common Regrets & How to Fix Them
- Skin in the Game: Understanding Risk & Accountability
- Cash Management: A Comprehensive Guide to Financial Stability
- Hedge Fund Strategies: A Comprehensive Guide for Investors
- Understanding Comps: A Guide to Comparable Analysis
- Tax Loss Harvesting: Reduce Your Tax Bill with Investment Losses
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Stimulus Check 2024: Latest Update on Potential Fourth Payment Amidst Low Jobless ClaimsMany or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opi...
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Costco Anywhere Visa Card by Citi: Credit Score Requirements & Approval FactorsAre you thinking about applying for the Costco Anywhere Visa Card by Citi? The minimum recommended credit score for this Costco credit card is 750. What else do I need to get approved for the Costc...
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Frameless Bathroom Mirror Decor: Affordable & Stylish IdeasAdd wood molding around the edges of your mirror to make it look like its framed. Frameless mirrors are common in bathrooms because they are less expensive than framed mirrors. Create your ow...
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Business Operations: Definition, Activities & OptimizationBusiness operations refer to activities that businesses engage in on a daily basis to increase the value of the enterprise and earn a profit. The activities can be optimized to generate sufficient rev...