Credit cards are a type of payment method that allow you to purchase goods and services without having to pay for them upfront. When you use a credit card, the merchant will charge your account (this is called making a purchase). You then have a certain amount of time to pay off the balance, usually around 30 days. If you don't manage to pay off the full amount in time, you will be charged interest on what you owe. This is why it is important to only make purchases on your credit card that you can afford to pay back when the bill arrives.

Kids, if you want to be on the show, ask your adult to help you record your name, where you live, and question on a voice recording app, and then email it to [email protected]. For example "Hi, my name is Leah, I'm 6 years old, I live in San Diego, California, and my question is--what is an asset?"

Adults, do you want gain free access to tools, videos, and other great resources to build better financial skills and achieve higher levels of success? If so, join one of our free communities today at: https://www.byfiq.com/community

Also, check out these three courses that will help sharpen your financial and investing acumen:
Boosting Your Financial IQ
Understanding Financial Statements
Investing in Stocks and Financial Assets

When you're ready to start living an abundant financial life, take a look at one of our accelerator programs.

______________________________________

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in Coltivar or its Affiliates. (An offering to invest in a Coltivar fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by Coltivar, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Support the show