Personal Finance

Wondering how to build wealth in your 30s? Here are 10 steps that may contribute to lasting wealth over time.

Saving up for a down payment is one of many important financial goals in life. Before a future homeowner invests in such a large purchase, it’s important to have a strong financial foundation.

Deductions are an important part of keeping that bill as low as possible. The most common route is to take the standard deduction, which is a set amount that any taxpayer can use to decrease their taxable income.

A savings account is a deposit account that’s designed to hold money a person needs for a later date. But because these accounts are liquid, a savings account holder can access their funds anytime.

Securities lending might be called securities renting, because the lenders are doing just that—renting out securities in their portfolios for short periods, usually less than a year.

Creating an emergency fund is the first step to creating financial security. With healthy emergency funds, people are able to better focus on the actual situation, whether it’s a job loss, a family member passing away, or a medical emergency.

A trust fund is an estate-planning tool for individuals who want to transfer wealth to their selected heirs after they pass away.

Saving for your child’s education can help set them on solid financial footing, by ensuring they’ll carry as little student debt as possible.

Liquid assets are a financial cushion. But they also give someone the ability to invest quickly and take advantage of new opportunities.

Securitization is a process in which certain assets, such as mortgages, debts, loans, or other legally binding agreements and contracts are bundled together into one security.

A 529 plan is a state-sponsored investment plan that allows parents to save money for their children’s future college expenses while taking advantage of tax savings.

Tax-efficient investing is an approach to investing in which you endeavor to minimize or spread out your tax burden.

Residual income refers to the portion of your income left over after necessary expenses. It’s sometimes also referred to as discretionary income.