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We’re over all the knowledge gatekeeping. Financial literacy is crucial to stability and building wealth. Economic savvy informs your day-to-day decision making, and impacts everything – from buying a home to retirement.
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What is GDP?
First things first: Intro to Econ To best understand GDP, let’s scale this down a bit. Before we talk about the entire country’s goods and services, let’s think of this as if it were a company. Stay with me through this example and I promise it will start coming together! Let’s imagine you own a
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What is debt?
First things first: Debt is the amount of money you owe. If can come in lots of forms – credit card debt, student loan debt, a mortgage, or a car loan, just to name a few. If you’d like to learn about Credit Cards or Credit Card Interest before jumping into this topic, check out
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What is inflation?
First things first, inflation has two definitions: I’ll explain these for you further (with examples) and hopefully that will help! Finance Foundations Let’s say you have one whole pie and you cut it into 4 pieces. Each piece is 1/4 of the whole pie. Now you cut a whole pie into 8 pieces. Each piece
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What is a recession?
First things first: A recession is a period of significant economic decline. Typically, markers of ‘significant economic decline’ are 2+ quarters of negative GDP growth, unemployment spikes, inverted yield curves, and uncontrolled inflation. Intermediate Econ I always want to present clear, easy to understand content for everyone. Because this is a ‘Finance Friendly’ rated topic,
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What is credit card interest?
First things first: Credit card interest is extra money you owe if you don’t pay off your card in time. The credit card company charges you interest if you don’t pay them pack in time. You will need to pay back this interest in addition to the amount you already owed. If you’re new to the credit card
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