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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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What is Cryptocurrency?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Cryptocurrency. It’s buzzworthy and always trending. Your college roommate’s cousin’s friend’s barista invested in cryptocurrency and now he’s a millionaire. It’s everywhere and it seems that everyone has an opinion on it. Is it the future of banking and finance or just another passing trend?

Regardless, it’s hard to have an opinion on cryptocurrency if you don’t understand it. Cryptocurrency and the innovative technology behind it seem complicated, but this short guide will introduce you to cryptocurrency in plain and simple English.

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What’s the Difference Between a “Hard” and a “Soft” Credit Inquiry?
| StreetShares Blog

By StreetShares on September 14, 2018

If you’ve been exploring your options for small business funding- or any other debt-based financial product- you’ve probably heard the terms “soft” and “hard” thrown around when referring to credit inquiries. What’s the difference between the two, and how do they affect your personal credit score?

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What Is a FICO Score and Why Does it Matter?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

If you’ve ever needed to make a financial decision and thought to yourself, “how will this affect my credit score?”, we salute you. For the majority of Americans, the world of credit seems to be shrouded in secrecy and myth. Terms like credit score, credit report, and FICO score are thrown around without consumers knowing their true meaning. Understanding your FICO Credit Score and why it matters is important, but it doesn’t need to be complicated.

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Impact Investing: How to Make Your Dollar Do More
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Wall Street gets a bad rap in the media. Stories of greed and corruption seem to fight their way to the top of the headlines every day. However, there is a new valiant knight on Wall Street: enter “Impact Investing”. It’s not just another buzzwordy term either, impact investing has been around for over ten years, although it’s finally starting to gain traction with individual investors for reasons that go above and beyond potential profits.

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How Do I Find a Good Financial Advisor?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Finding a good financial advisor can feel like a really intimidating process. Maybe you think you don’t have enough net worth to merit needing an advisor. Or you don’t feel like you can actually afford an advisor. After all, you’re trying to make money, not spend it. Maybe it’s just the thought of handing over the reins on your personal fortune a stranger. However, at some point in your life, it might be necessary to seek out the expertise of a financial advisor. If the process of finding a good financial advisor seems daunting to you, then simplify it by educating yourself on the basics and breaking it down into a few actionable steps. You’ll feel more confident in the advisor you chose, knowing you’ve done your research.

 

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Invest in America's Future: Tips to Help New Parents Become Financially Savvy
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

With all the joys that come with expecting your first child is a lot of new stress. Considering all the responsibilities that come with a baby, this is no surprise. However, you would be surprised at how few parents plan ahead on some key elements. Perhaps one of the most important and often neglected aspects of childrearing are your finances. Coming up with a financial plan is crucial to relieving stress while raising a child, especially if you’re a small business owner or serving in the military.

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9 Low-Cost Ways to Invest in Business Operations
| StreetShares Blog

By StreetShares on July 11, 2018

Small business owners must constantly invest in their business’ operation. This may sound like an intimidating cost, but you can invest in your business operations without a big cash commitment- the trick is to make the investment part of your core values system. Here are nine effective and cost-efficient ways to invest in business operations and jump start your small business growth!

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How Much Debt is Too Much?
| StreetShares Blog

By StreetShares on June 27, 2018

Business owners must run two sets of books- one for their business budgets, and one for their personal budgets. And, they need to definitively separate their business and personal debts. Staying disciplined is tough, especially in the beginning when cash flow is tight. There’s always that temptation to put business revenue in your pocket and pay your personal bills out of the same pocket. Unless you clearly separate your business and personal financials at the start and stick to it, you’ll just end up in a cycle of borrowing from one to pay the other. You might, by coincidence, cover all your obligations- but the risk of loss will endanger your business.

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How Would You Invest $10,000?
| StreetShares Blog

By StreetShares on June 19, 2018

If given $10,000 tax-free, here's how Baby Boomers, Gen X'ers, and Millennials would invest it. How do you compare? 

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Are Bonds Really a Smart Investment?
| StreetShares Blog

By StreetShares on May 18, 2018

Photo courtesy of JHerbstman on WikiMedia Commons

What do you know about bonds? Not James Bond, investment bonds. If you guessed "something having to do with the stock market," you're on the right track but not completely there!

When you invest in stocks, you know that you own a piece of the company’s value. When the demand for that stock increases, the market value goes up. If you sell when the market value is high, you make a profit.

When you invest in bonds, they are much like loans with you acting as the bank. You get a certificate showing that a business, city, or government owes you money to repay you for your investment in their spending on growth, equipment, construction, and other projects. When your bonds mature, you can cash them in for more than you paid for them.

So what does that mean for you? Are bonds a good option for your investment portfolio? Keep reading to find out!

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