Tag: build wealth
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Essential Bank Accounts for Building Wealth
When starting your financial journey, choosing the right bank accounts can feel overwhelming. I remember thinking just a checking and savings account would cover all my needs—until I discovered the wide range of options available. Each type of account serves a unique purpose, from handling everyday expenses to planning for long-term goals like retirement. By…
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HENRYs: Why High Earners Still Feel Pressure
Earning a six-figure salary might sound like guaranteed financial comfort, but that isn’t always the case. Meet the HENRYs: High Earners, Not Rich Yet. These individuals or families typically earn between $100k-$500k yet still feel financial pressure. Why? Rising living costs, high student debt, real estate prices, and lifestyle inflation often leave them feeling stuck…
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Why Are Hispanics More Likely to Be Unbanked?
Growing up, I remember hearing about families who didn’t trust banks or have access to them. It wasn’t until I started learning more about personal finance that I realized how common this experience is, especially for many in the Hispanic community. In fact, 12% of Hispanic households are unbanked, compared to only 3% of white…
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Selena Gomez: Latina Billionaire Crushing It
As we celebrate Hispanic Heritage Month, it’s the perfect time to highlight Latinas who are making waves in the business world—none more so than Selena Gomez, who recently became a billionaire. Best known for her career as a singer, actress, and producer, Selena has built an empire that goes far beyond entertainment. Selena’s journey from…
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The Power of Compound Interest When Investing
We’ve heard of compound interest, and while it can work against you in debt, it’s a game-changer when it comes to growing your savings. If it feels overwhelming, don’t worry – the key is simple: compound interest helps your money earn even more money over time. In our community, where many of us are cautious…