How Exchange-Traded Funds (ETFs) Work

Although we take it for granted, what stock markets do is actually pretty cool. Say you wake up one day and decide you want to own some of Apple—one of the largest companies on earth. Since Apple is a public company, anyone can buy a part of it. You don’t need to have...

How to Build an Emergency Fund on a Tight Budget

If you had a $500 emergency, would you be able to cover the bill? If you answered no, you’re not alone. In fact, the average American couldn’t afford a sudden $500 bill. What is the solution? An emergency fund. But here’s the catch: If you’re rich, you probably don’t...