Author Archives: Phong Nguyen

How to Recover From Income Loss During COVID-19

COVID-19 has affected everyone in one way or another but for many individuals and businesses, it has meant a loss in income. Loss of income could mean anything, from cutting back on a few expenses to having to close the doors entirely. If you’re someone who has experienced income loss during this time, you may … read more

Understanding the Differences Between Credit vs Debit Cards

Understanding credit vs debit cards

Over 60% of Americans have some kind of credit card, and some even have multiple cards. Credit cards make it easy to make purchases, pay bills online, and more, but some people resort to using their debit cards for the same purpose. But what is the difference between credit and debit cards? Should you favor one over … read more

7 E-Banking Safety Tips

e-Banking

Over 22% of baby boomers feel distrust towards e-banking. Yet almost one-third of millennials and Gen X have a bank account with an online-only bank. So why are baby boomers so concerned about online banking? Well, even though e-banking is becoming incredibly popular, it does still come with a set of risks and potential attacks from hackers … read more

How to Survive With Financial Planning During COVID

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Thousands of people in the US suffered from depleted savings accounts due to the pandemic. COVID-19 had a major impact on lives all around the world. Many people were restricted from seeing their loved ones, going to work, or leaving their homes. No one was prepared for the struggles presented by the pandemic. Even though vaccines are … read more

Investing For Women: Breaking The Financial Glass Ceiling

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Even though women earn less in the workplace overall, they’re more likely to have higher savings rates and better retirement plan participation. And, although some women invest, it doesn’t compare to the number of men that do so as well. In fact, men are not only more likely to invest in the stock market. They’re also more … read more

8 Common Investing Mistakes and How to Avoid Them

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There are many benefits to investing in stocks. The main one being that it’s quite lucrative. For example, $8000 invested into the S&P 500 index in 1980 would be worth around $780,000 in 2021 (even when accounting for inflation). That’s a return on investment (ROI) of 9688%! But investing in the stock market isn’t without its downfalls, … read more

Everything to Consider When Choosing a Business Insurance Provider

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Do you need business insurance? If you’re a small business owner, the answer is yes. According to a study by The Hartford, 40% of small businesses will record property or liability loss within the next ten years. You’ve probably heard the adage, “An ounce of prevention is worth a pound of cure.” If you’re a small business … read more

Why You Should Open a Business Checking Account

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Imagine you start working for yourself as a freelancer. You don’t have any employees or business partners, so you don’t think you need a business checking account. But something goes wrong with a client, and they sue you. Because your money is in one account, the client can take everything from you, even your personal … read more