Life is full of danger. Natural disasters, accidents, injuries, and more are all morbid topics, but they are a part of life — or death, for that matter. If we have families and close friends, chances are that at least some of them are partially or fully financially dependent on you. If you died today, […]
The US dollar is one of the most stable and trusted global economy currencies. It has come a long way since its inception in 1775, with its fair share of ups and downs. Today, we’re going to take a look at the timeline of the US Dollar and its developments. 1690 The British-controlled Massachusetts Bay […]
Inflation (the increase in prices and decrease in purchasing power; how much a dollar is worth) is widely known to be the scourge of savers, retirees, and workers, notorious for obliterating savings and piling up debt. But inflation’s lesser-known cousin poses an even greater risk to economies: deflation. Today, we’ll take a look at deflation […]
The US Treasury is a department of the executive branch. It is an integral part of the US economy and helps manage taxes, minting, individual payouts/corporate bailouts, and much more. Bureaus and agencies beneath the US Treasury include the IRS and US Mint, among others. The History of the Treasury The origins of the US […]
The rule of 72 is a handy formula to determine approximately how long an investment will take to double, using a fixed annual rate of interest. It is used for compound interest and is helpful for simple mental approximations. How It Works All you need to know is the rate of interest. You divide 72 […]