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Tip of the Day Deal Directly with The Seller

Deal Directly with The Seller - When looking for a home to buy, it is often best to deal with the seller directly and avoid paying real estate agent's fees....

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Paper Profit

Definition: A profit that occurs when you're still holding the stock that has appreciated in value.  Commonly called "unrealized gain."

TeenAnalyst Advice: If your stock doubles without you selling it, you'll have 100% in paper profit.  You don't get to actually call it a gain until you sell it.  Once you sell it, you have to pay taxes on it.

Never consider a paper profit a real profit.  Only do so when you sell it.

 

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Definition of the Day Payday Loan (Payday Advance)

Payday Loan (payday advance): very short term loans that charges usually very high interest. The lender provides the unsecured loan to be repaid by the borrower’s upcoming paycheck. Interests charge by the lender on the short term loan can be double digits with weekly compounding which can make a loan...

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