The financial services industry is no stranger to artificial intelligence or AI. Financial apps use AI to perform different user tasks and help them make better money decisions. That means, when it comes to AI and personal finance, you get the kind of personalized advice and strategic help that was previously accessible only to the very wealthy....

Private equity was noticeably left out of retirement savings portfolios for many years. A 2020 Department of Labor ruling changed that when it clarified that private equity was an acceptable form of investment in retirement savings plans. Due to the high reward potential of private equity and venture capital investments, the popularity of these types of investments has grown...

Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no wonder that thousands of people choose this option. In 2022, a national survey of homeowners who had reached retirement age found that many had trouble covering...

Owned by PayPal since 2013, Venmo has become one of the most popular peer-to-peer (P2P) platforms for requesting money and making payments. As of 2023, there are tens of millions of individual Venmo users, as well as more than two million Venmo business profiles in operation. With so many people embracing the service for their everyday payments,...

If you are an aspiring entrepreneur or already at the helm of your own business, then it’s time to brush up on all of the latest financial buzzwords. One concept must add to your tool belt is “payback period.” The payback period reveals how long it will take you to recoup initial investment costs. A shorter...

One of the most infallible measures of your company’s profitability is its gross margin. Calculating and analyzing your gross margin can give you clearer insights into how well your business is performing. It’s a vital metric to constantly keep an eye on and try to improve to drive greater profits and business success. In the...

Retirement planning may seem like a distant goal, but the sooner you start, the better off you’ll be when the time comes to bid farewell to the daily grind. Budgeting, investing, and planning for future costs, such as housing and healthcare, are all important aspects of a well thought out retirement plan. In this article, we...

As the old saying goes, “better late than never.” But, that’s not always true. In some cases, a missed opportunity is better than one taken precipitously or haphazardly. However, when it comes to retirement planning, starting late is most definitely better than not starting at all. Your senior years are supposed to be a time...

Many of the opportunities available to you are dictated by your financial situation, making it difficult to overstate the importance of taking care of your personal finances. When it comes to managing money, most of us have room for improvement. Understanding your current financial situation, setting goals, and making a plan are all important steps...

Are you confident that your business can weather a coming recession? Small business owners saw their revenue grow by a staggering 87% in 2022, but profits have dipped by 4%. The reason? Inflation forced businesses to raise spending to cover their operating costs and rise above the competition. The good news is that your marketing plan can...