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January 19, 2021

NapkinFinance-ActiveVsIndexInvesting-Napkin-01-14-21-v03A

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My transaction history remains a mystery.🙃 My transaction history remains a mystery.🙃
Economies of scale describe how it’s often cheap Economies of scale describe how it’s often cheaper, per unit, to produce a lot of something than it is to produce a little of something—due to factors such as specialization and buying inputs in bulk. In general, economies of scale boost economic growth, which means more people have jobs, and there’s more money all around. But economies of scale can also have negative consequences if they lead to workers earning less money or cause an economy to overspecialize. For example, Wal-Mart is arguably the poster child of economies of scale. Because it’s so huge, it can buy its inventory at insanely cheap prices from its suppliers (which is how it can afford to offer insanely cheap prices in its stores). But it’s also controversial for how little it pays its employees and suppliers. There can also be “diseconomies of scale,” which occur when costs start to go up as a company produces more. As companies grow bigger, they can also become harder to manage, which can lead to declining efficiency. Click our link in bio to learn more! 😎
‘Til death do us part. 🏠💀🙃 ‘Til death do us part. 🏠💀🙃
It's a very hot topic right now, so let's talk abo It's a very hot topic right now, so let's talk about it: #Inflation. Generally speaking, many different factors can contribute to inflation, including: ➡️ A booming economy—Economic growth usually goes hand in hand with at least some inflation. If a company’s profits are good, it may give more raises to employees. If people are feeling secure in their jobs, they’re probably spending more money. The more they spend, the more prices tend to go up. ➡️ Energy prices—The economy depends on oil and other energy sources in a variety of ways. When the cost of energy goes up, the cost of making goods, shipping goods, and keeping the lights on at stores goes up too. That means prices of goods and services tend to rise as well. ➡️ Government policy—If the government cuts taxes, lowers interest rates, or prints money, both economic growth and inflation typically get a boost. In theory, there are good & bad things about Inflation. The good: ✅ Encourages consumer spending (which is good for the economy), Wages go up, Some investments (like your house) usually go up in price along with inflation. The bad: 🚫 Your money buys less than it did before, Interest rates go up, making borrowing more expensive, and some investments (like CDs and cash) lose value. You could say Inflation sucks because it means everyone is rich but nobody can afford anything. What do you think? 🤔
IRAs and 401(k)s are two popular types of retireme IRAs and 401(k)s are two popular types of retirement savings accounts. Most people who work in the private sector have at least one of these accounts (government employees often have different options), and many people own several retirement accounts. Although they both serve the same purpose, the accounts have some important distinctions. Swipe through to see them, be sure to *SAVE* this post for reference, and visit napkinfinance.com to learn more. Did you know that the average balance in a 401(k) is just over $100,000, but it is possible to become a “401(k) millionaire”—i.e., someone with a balance in the seven digits? Are you one of them? 😉
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