Accounting is like the language of business in that it can communicate how a business is doing financially. Accounting is a process that tells us how much money is involved in certain business and financial activities. In accounting, there are two types of users: external users and internal users. External users, such as banks and […]
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 […]
“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. Illiteracy, both in words and numbers, is the foundation of financial struggle.” — Robert Kiyosaki It’s no secret Americans fall short when it comes to financial literacy. In fact, only 57% […]
If you are following the 2020 presidential election news, you’ve probably heard of Elizabeth Warren and her stance on student debt. Considered a front-runner in the Democratic presidential primaries, Warren has openly voiced her opinions on corruption and transparency in politics and business. Recently, though, Warren’s stance on student debt has become more and more […]
With the 2020 presidential election drawing nearer, we’ve seen more and more democratic candidates launching bids. While less popular than some of his competitors like Joe Biden and Bernie Sanders, Andrew Yang is gaining significant media attention for his strong, often radical views. One proposal he’s made is a Freedom Dividend, a spinoff of universal […]
If you have ever held on to money for an extended period of time, you may have noticed the money is worth less after some time. Perhaps you were saving money to buy a new phone, but its price went up by twenty dollars. Perhaps you noticed that, although your wages went up, prices increased […]