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21 Fun Facts About Money
https://www.sofi.com/learn/content/fun-facts-about-money/
You may not stop to think about money because it’s a part of our everyday life, but there are lots of fascinating facts about currency. Learning some interesting tidbits may change how you think about money and even come in handy the next time trivia night rolls around. Read on for 21 fun facts about […]
Guide to New Money vs. Old Money
https://www.sofi.com/learn/content/new-vs-old-money/
The key difference between old money and new money is how a person obtained their wealth. Old money represents what may be called generational wealth — money that has been passed on from generation to generation in the form of cash, investments, and property. New money refers to self-made millionaires and billionaires, those who earned […]
Can You Use Your IRA to Invest in Real Estate?
https://www.sofi.com/learn/content/invest-in-real-estate-using-ira/
There are a couple of ways to use an IRA to invest in real estate. First, you can invest in mutual funds, exchange-traded funds (ETFs), or real-estate investment trusts (REITs) that focus on real estate investments within an IRA. It’s also possible to set up a self-directed IRA, or SDIRA, that can own physical real […]
Accounts Payable vs Receivable: How They Compare
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Accounts payable and accounts receivable both represent the flow of cash in a business. However, they have distinct differences. Account receivable refers to money that is due to your company but not yet paid. Accounts payable, on the other hand, is the money your business owes its suppliers and vendors for goods or services received […]
SBA Loan Requirements & Tips for Qualifying
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The U.S. Small Business Administration (SBA) helps businesses qualify for financing by guaranteeing loans through lenders. These loans typically feature comparable rates to traditional business loans and sometimes require a lower down payment. Businesses generally need to meet minimum standards and eligibility requirements in order to receive an SBA loan, and individual lenders may also […]