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Leonard Pokrovski

added blog Money
2025-09-26 20:38:14 -

Definition of AER (Annual Equivalent Rate)
Definition of AER (Annual Equivalent Rate) The Annual Equivalent Rate (AER) is a standard way of expressing the interest rate on a savings account or investment over a one-year period, taking into account the effects of compounding. It allows individuals to compare different financial products fairly, even if they have different interest payment schedules. Understanding AER Interest on...

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Leonard Pokrovski

added blog Personal Finance
2025-10-20 16:55:33 -

How Do I Create a Budget?
How Do I Create a Budget? Creating a budget is one of the most powerful steps you can take to take control of your financial life. Whether you’re trying to pay off debt, save for a major purchase, or simply make sure your money is being used wisely, a well-crafted budget gives you clarity, confidence, and direction. Many people think budgeting means restriction, but in reality,...

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Leonard Pokrovski

added blog Finance
2025-10-04 22:09:29 -

How Do I Open a Bank Account?
How Do I Open a Bank Account? Opening a bank account is one of the most important steps toward achieving financial independence. Whether you’re opening your first account or switching to a new bank, understanding the process can help you make informed decisions and avoid unnecessary complications. The first thing to know is that banks require certain documents to verify your identity...

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Leonard Pokrovski

added blog Finance
2025-10-07 21:01:22 -

How Do I Write a Check?
How Do I Write a Check? Writing a check may seem like an old-fashioned task in the digital age of online payments and mobile banking, but it remains an essential financial skill. Checks are still widely used for rent, bills, and business transactions where electronic payments may not be practical. Understanding how to correctly fill out a check ensures that your money reaches the intended...

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Leonard Pokrovski

added blog Money
2025-09-17 19:47:16 -

How does a credit card work?
How does a credit card work? Credit cards are one of the most widely used financial tools in the world. They allow people to make purchases conveniently, manage cash flow, and even build credit history. But how exactly do they work? Let’s break it down. 1. What is a credit card? A credit card is a type of payment card issued by a bank or financial institution. Unlike a debit card,...

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Leonard Pokrovski

added blog Finance
2025-10-02 22:31:38 -

How Does Interest Work on Loans and Credit Cards?
How Does Interest Work on Loans and Credit Cards? Interest is a fundamental concept in personal finance and plays a key role in how borrowing works. Whether you take out a loan or use a credit card, interest is essentially the price you pay for accessing money that isn’t yours. Understanding how it works can help you make smarter borrowing decisions and avoid unnecessary costs. When you...

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Leonard Pokrovski

added blog Finance
2025-10-08 20:59:04 -

How Long Does It Take to Read Finance Biographies?
How Long Does It Take to Read Finance Biographies? A Look at Why They’re So Dense — and Why That’s Part of Their Appeal Finance biographies occupy a fascinating corner of nonfiction. They sit somewhere between business manuals, historical sagas, and psychological studies. Whether it’s The Snowball (about Warren Buffett), Too Big to Fail (about the 2008 crisis), or When...

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Leonard Pokrovski

added blog Finance
2025-10-04 21:53:50 -

How Much Money Do You Need to Open a Savings Account?
How Much Money Do You Need to Open a Savings Account? Opening a savings account is one of the simplest and most important steps toward building financial security. Whether you’re saving for emergencies, a future purchase, or just want a safe place to grow your money, a savings account can help. But one of the first questions people often ask is, “How much money do I need to open...

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Leonard Pokrovski

added blog Money
2025-09-22 18:50:52 -

How to Get Rich
How to Get Rich Getting rich is one of the most common aspirations in life. But wealth is not simply about luck or having the “right” opportunities—it’s the result of a mix of mindset, strategy, discipline, and action. While there’s no guaranteed formula to becoming rich, there are proven principles that consistently create financial success over time. 1....

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Leonard Pokrovski

added blog Money
2025-09-22 19:14:53 -

How to Invest
How to Invest Investing is one of the most powerful ways to grow wealth and secure your financial future. Whether you’re just starting out or looking to refine your approach, the principles of investing remain the same: patience, strategy, and discipline. Here’s a step-by-step guide on how to invest wisely. 1. Understand Why You’re Investing Before putting your money...

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