Insurance is a thing that pays cash when you get sick or hurt, or have an accident. It doesn't stop bad things from happening to you, but it makes sure you bounce back financially any time they do.
Growella Explains: is an original web series explaining the basics of mortgage, investing, finance, and other important money-linked topics from your life.
A mortgage is a loan you get for real estate. The difference between mortgages and other loans, though, is that you can choose how your mortgage loan is repaid. This plain-language explanation of how mortgages work teaches you the basics.
You don't just get to retire when you're older. You have to plan for it. This plain-language explanation of retirement planning teaches you the basics.
To invest means to put your money to work instead of letting it just wait for you within your bank account. This plain-language explanation of how investing works teaches you the basics.