"bond"

Good morning! When people talk about investing they always mention something along the lines of “stocks and bonds.” We’ve heard of stonks a little bit, but what about bonds?

DEFINITION
What is a bond?

• A bond is like lending your money to someone, such as a company or government, and they promise to give you a regular payment for allowing them to borrow your money. Think of it as a way to make your money work for you. When you buy a bond, you’re giving your money to the bond issuer, and they agree to pay you back on a certain date, called the maturity date. Until then, they also pay you a little extra money periodically, known as interest, as a thank you for using your money. This setup can be a smart way to earn more money over time, instead of just keeping it in a boring ol bank account.

PRACTICAL ADVICE
Don’t use your apartment providers

• Sometimes apartments will give you companies to call for your renter’s insurance, wifi, etc. You don’t have to use their recommendation!

• My wife and I did this yesterday for our new apartment and we saved $100 for the year!

HELPFUL RESOURCES
A place to earn 5% interest on your savings.

• I partnered with Step. They’re on online banking platform where you can open an account, put money in there; and start earning 5% on whatever you put in. I think you might need to set up direct deposit to get all the full benefits.

• Check it out tho HERE

• And use my code JCROD5 to get $5 just for signing up

OUR COMMUNITY
What are your questions? Or share a win!

• Reply to this email with any personal finance question you have, or share with me any wins in your life! (I’ll respond to your questions anonymously in future emails)