Yo Basic Finances

Yo Basic Finances A free financial education resource to help Gen-Z & Millennials make intelligent money decisions.

How do you answer each bullet? Not feeling 100% confident in each or want to learn what one is? Check out our YoBasicFin...
02/16/2022

How do you answer each bullet?

Not feeling 100% confident in each or want to learn what one is?

Check out our YoBasicFinance page where we simplify each topic into digestible chunks, including 401(k)s, budgeting 101, credit card 101 and so much more!

DM us or comment below with questions!

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

So many numbers, crazy, but what do they mean? How do we put this into context? First, let's talk about the size of the ...
02/10/2022

So many numbers, crazy, but what do they mean? How do we put this into context?

First, let's talk about the size of the market. $2 trillion is a large amount of money, but did you know that Apple and Microsoft, by themselves, are worth more than the entire crypto market today, with each being worth above $2 trillion? While the cryptocurrency market is large and getting larger, traditional stocks and stock market are still a dominating force.

Similar to the stock market, there are 456 exchanges that hold a variety of crytpocurrencies (up to 17,499!) that can be bought and traded. For the majority of the exchanges, you will find Bitcoin and Ethereum as they make up a bulk of the value of the overall crypto market as they are the more popular and established cryptocurrencies.

DM us or comment below if you have any questions about the crypto currency market!

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

Happy Friday! We've been talking about purchasing real estate to live in as a home for the past few posts, but what abou...
02/05/2022

Happy Friday! We've been talking about purchasing real estate to live in as a home for the past few posts, but what about real estate as an investment? Today we are excited to highlight the basics to Investment Properties, and some benefits / considerations you should keep in mind. Scroll to the last page to learn what house hacking means! As always, DM or comment below if you have any questions.

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

Applying for and getting a mortgage is often a part of buying a house. A mortgage is essentially a loan that is used to ...
02/04/2022

Applying for and getting a mortgage is often a part of buying a house. A mortgage is essentially a loan that is used to buy or refinance a house, so you don't have to pay all of the cash yourself upfront. We outline the basics here in our Mortgages 101 post, where you can learn more about how mortgages work, the types of interest rate packages you can get, and where to get a mortgage.

If you have any questions or are in search of a mortgage now, feel free to DM us or comment below - we love hearing from you all 😊

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

Thinking about buying a home now or in the future but not sure where to get started? You aren't alone! We outline 5 ste...
02/03/2022

Thinking about buying a home now or in the future but not sure where to get started? You aren't alone! We outline 5 steps to buying your first home here. These are not all-encompassing, but should hopefully help get you started on what to think about when looking for your dream home 😊

If you have any questions or tips to add, you can always DM us! Like, comment, share, and save for future reference.

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

The age old question ~ to buy or not to buy?There are advantages to both! A lot of it depends on where you are in your l...
02/02/2022

The age old question ~ to buy or not to buy?

There are advantages to both! A lot of it depends on where you are in your life , what your goals are and the current state of your finances.

DM us or comment below if you have any questions about choosing between renting and buying!

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

So, what’s the deal with real estate? Seems like something easier to invest in because it’s tangible, but most of us are...
02/01/2022

So, what’s the deal with real estate? Seems like something easier to invest in because it’s tangible, but most of us are hesitant to make such a big purchase.

Stay tuned this week for more info about decisions around buy real estate, how to buy real estate and much more!

DM us or comment below if you have any questions about real estate!

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

Now that you know how to get started with investing, how should you think about strategy? Here are a few strategies for ...
01/29/2022

Now that you know how to get started with investing, how should you think about strategy? Here are a few strategies for long-term investing, including dollar cost averaging, diversification, and asset allocation. Pick the ones that align best with your goals, timeline, and risk tolerance.

If you have any questions, feel free to DM us! We love hearing from y'all!

Follow for personal finance tips and info! This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

We are all game on investing now - ready to open that first investment account. Awesome! Now, it's time to figure out wh...
01/27/2022

We are all game on investing now - ready to open that first investment account. Awesome! Now, it's time to figure out which broker to use!

Slide 3 does a great job of breaking down different platforms at a high-level. These are not all the investment brokers out there, just a small sampling.

We encourage you to explore your options to figure out what platform(s) is best for you and your investing needs.

For example, Katie uses 3 brokers at the moment, one for long-term and retirement, one for trading stocks, and one for cryptocurrency.

If you have any questions or comments about brokers or think we should cover this in more depth, DM us or comment below!
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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

How do you actually buy investments? Through investment accounts! Individual brokerage accounts are great way to hold, b...
01/27/2022

How do you actually buy investments? Through investment accounts! Individual brokerage accounts are great way to hold, buy and sell investments.

DM or comment below if you have any questions about how to start an account or how it works.

Stay tuned tomorrow for a comparison of various brokerage accounts!

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Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

What's the difference between a stock and an ETF? We got you covered! Buying a stock is like purchasing a share of a com...
01/26/2022

What's the difference between a stock and an ETF? We got you covered! Buying a stock is like purchasing a share of a company, while buying an ETF (or exchange-traded fund) is like buying a basket of investments (it could be stocks, bonds, commodities, or other investments).

DM us if you have any specific questions about the differences!

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Follow for personal finance tips and info! This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

Before you invest your money, take a minute to learn your options! Each option is appealing in its own way and presents ...
01/25/2022

Before you invest your money, take a minute to learn your options! Each option is appealing in its own way and presents its own risk and rewards.

Emily and Katie hold their dollars in a mixture of investments to diversify risk and potentially increase returns. After reviewing your investing options, talk with a financial advisor or determine your own (mix of) investments that make sense for you.

DM or comment below if we missed any options you think we should have cover or if you have any questions!

--------------------------------
Follow for personal finance tips and info!

This information is for educational purposes only and not to be construed as investment advice. Please refer to our disclaimer post on 12/31/21 for additional information.

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