What Is Principal in Finance?
Principal in finance means the original sum of money borrowed, invested, or still owed on a loan. It is the base amount before adding interest, fees, or any extra costs. When you take a loan, the principal is the money you receive and agree to repay. If you invest, the principal is the money you […]
What Is a Finance Charge?
A finance charge is the total cost you pay to borrow money. It includes not just the interest, but also any extra fees the lender adds. These can be service fees, late payment charges, or processing costs. Finance charges apply to credit cards, personal loans, car loans, and mortgages. Lenders use finance charges to make […]
When Does The Stock Market Open
The U.S. stock market open at 9:30 AM Eastern Time and closes at 4:00 PM Eastern Time, Monday through Friday. These hours apply to both the New York Stock Exchange (NYSE) and the NASDAQ, which are the two largest stock exchanges in the U.S. Regular trading does not happen on weekends or official U.S. market […]
What Is an Interest Rate and Why Does It Exist?
An interest rate is the cost of borrowing money or the reward for saving it. It is written as a percentage and applies to the amount of money borrowed or saved, called the principal. If you borrow money from a bank, you pay interest. If you save money in a bank account, the bank pays […]
Is Finance A Good Career Path?
Is Finance A Good Career Path? Yes, finance is a good career path for people who enjoy working with numbers, solving problems, and making data-driven decisions. It offers strong starting salaries, clear promotion paths, and access to top firms and global opportunities. Many roles in finance also build skills that are useful in other fields […]
What Is Finance?
What Is Finance? Finance means managing money. It includes how people, businesses, and governments earn, save, spend, borrow, and invest. Every time you make a choice about money—like saving for a phone or deciding whether to buy something now or later—you’re dealing with finance. Finance helps answer simple questions like: How much money do I […]
What is an Advice-Only Financial Advisor?
Welcome to the world of financial advising, where the term ‘Advice-Only Financial Advisor’ is gaining traction. In this post, we’ll explore what an advice-only financial advisor is and how they differ from other types of financial advisors. The Definition of Advice-Only Financial Advisor An advice-only financial advisor is a type of financial planner who provides […]