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Financial leverage is the use of borrowed money (or debt) to finance the purchase of assets. The expectation is that the income or capital gain from the new asset will exceed the cost of borrowing. Essentially, the term “leverage” refers to “debt.” Investors often borrow money to buy stocks with the expectation of making a […]

For many Americans, having a car is a necessity. Maybe you live somewhere without adequate public transportation. Maybe you need a car to get to work, take children to school, or make regular visits to aging parents. Whatever the season, this need certainly comes with a cost. In short, driving isn’t cheap. And if you […]

When most people think about loan sharks, it conjures images of shady gangsters from mob movies. You know, the guys who start breaking the legs of people who owe them money. This depiction is not really accurate. While loan sharks do exist, they rarely have anything to do with organized crime. Violence is seldom part of […]

Overhead costs are ongoing business expenses that are not directly attributed to creating a product or service. Calculating and keeping track of overhead is important for any business. Not only does it make budgeting easier, but it’s also used to determine how much they should charge for their products in order to turn a profit. […]