Different from exchange verification, ATM transactions tend to ask only for one’s ID and phone number — and sometimes only one’s phone number. Besides keeping one’s information more secure by asking for less of it, this lower verification threshold could help further democratize finance, allowing entry for those unable to create an exchange, brokerage, or even bank account.Continue Reading
Poor financial decisions are one of the leading causes of lost generational wealth, making trust funds an especially helpful tool for those looking to preserve their assets… The control they provide and their wide range of uses make trust funds far more versatile than alternative estate planning tools.Continue Reading
Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate. Continue Reading
With all the beneficial tax credits married couples can apply for, it may seem like a no-brainer to file jointly. In some situations, however, filing separately might be the right choice — even if it means giving up certain tax benefits.Continue Reading
The last thing the current U.S. environment of high mortgage rates and inflation needs is a Category 4 storm like Hurricane Ian. Set to cost an estimated $65 billion in damages, 2022’s latest disaster signals how much worse things could get given the current trajectory of climate change.Continue Reading
The cost of education has increased by over 100% in the last 20 years—a much higher rate compared to most other industries. This increase in the cost of education is paralleled by the increasingly widespread mentality that you need a college education in order to earn a good living. While this may generally be true across many industries, a college education does not reap the same value for every individual.Continue Reading
Transferring currency across international borders is often met with various hurdles, especially for those in emerging markets. In this article, investing columnist Aditi Somayajula explains some of these challenges, as well as how fintech companies are attempting to streamline different aspects of cross-border payments. Continue Reading
The conflict between Elon Musk and Twitter began when Tesla’s CEO questioned the “freedom of speech” value Twitter is supporting. He brought the issue onto Twitter platform by playing the people versus the system game. As the last resort of defense, Twitter announces its initiation of a poison pill tactic to prevent the hostile action. Like any war, this one also split the observers into two sides. One supports freedom of speech all the way and the other believes a little limitation is justifiable.Continue Reading
The idea of a free market ideology is being questioned as The White House ordered a “whole government approach” regulating activities towards the cryptocurrency market. Many U.S. crypto users believe that it will strengthen the financial market in general, and the digital economy in particular. Yet, others believe it puts a limit on technological advancement of the country.Continue Reading
The Russian economy has taken a massive hit as sanctions bite. The effects – both ongoing and soon-to-be – will create chaos within the previously strong-standing society. The country, now being cut off by neighbors and pressured into inescapable stalemates, has introduced new policies detrimental to the Russian people and business. Read on to learn more about the effects of sanctions and to review excerpts of an exclusive BRB interview with a Russian business owner. Continue Reading