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Where you can save your money after SVB bankruptcy

SVB bankruptcy Silicon Valley Bank (SVB) was a specialized commercial bank headquartered in Santa Clara, California, United States. It was founded in 1983 and a capital crisis in March 2023 led to the second-largest failure of a financial institution in US history. SVB provided a range of financial services to startup companies, venture capital firms, and other technology-focused businesses. Alternatives to save your money Saving money is an essential part of personal finance. It helps you achieve your financial goals, prepare for emergencies, and secure your future. However, with so many investment options available, choosing the right one can be a daunting task. We'll discuss three safe alternatives to save your money and help you make an informed decision. High-yield savings accounts High-yield savings accounts are a popular option for people looking for a safe place to park their money. These accounts offer higher interest rates than traditional savings accounts, which means yo

Ways to generate income when you lost your job

Accept the challenge Losing a job can be a stressful and challenging experience, especially when it comes to finances. Suddenly, you may find yourself without a stable source of income. However, there are alternatives that you can explore to generate income and keep yourself afloat during this challenging time. In this post, we will discuss some of the most effective ways to generate income when you lose your job. Freelancing Freelancing is a great way to generate income when you lose your job. Freelancers work on a project basis and can offer their services to multiple clients. Freelancing can be done in a variety of fields such as writing, graphic design, web development, social media management, and more. You can start by creating a profile on freelance websites like Upwork, Freelancer, or Fiverr to find potential clients. Selling Online Another way to generate income is by selling products or services online. This can be done through various platforms such as Amazon, eBay, Etsy, an

The impact of Fed's interest rate on you

The Federal Reserve System The Federal Reserve System (FED) is the central bank of the United States created in 1913. One of its key responsibilities is to set and adjust the Fed Rate. The Fed Rate is the interest rate at which banks can borrow money from the central bank. The Fed Rate is a critical tool in the FED's monetary policy decisions, which have a significant impact on the economy, including inflation, employment, and investment. Understanding the Fed Rate The Fed Rate is the interest rate that the FED charges banks to borrow money. When the FED lowers the Fed Rate, banks can borrow money more cheaply, which can encourage lending and investment. Conversely, when the FED raises the Fed Rate, banks need to pay more interest to borrow money, which can discourage lending and investment. Impact on the Economy The Fed Rate has a direct impact on the economy, particularly on inflation. If the FED keeps the Fed Rate low, it can lead to higher inflation as more money is available f