Glossary
Finance
The Financial Glossary is your essential guide to understanding the financial terms and concepts that matter most to Baby Boomers. This glossary covers everything from retirement planning and investments to budgeting and estate management, offering clear and concise explanations tailored to the financial needs and goals of our generation. Whether you’re planning for the future, managing your current finances, or exploring new investment opportunities, this glossary provides the knowledge and tools you need to make informed decisions. Empower yourself with the information necessary to secure your financial well-being and navigate the complexities of today’s financial landscape.
Crowdfunding
“Crowdfunding” is a method of raising capital through the collective effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals—primarily online via social media and crowdfunding platforms—and leverages their networks for greater reach and exposure. It’s a popular method for funding a wide range of ventures, from creative projects to innovative new products or businesses.
Crypto
“Crypto” refers to digital or virtual currency that uses cryptography for security, making it extremely difficult to counterfeit. It operates independently of a central bank and is underpinned by blockchain technology, providing a decentralized system where transactions are transparent and secure. Bitcoin, the first and most well-known crypto, revolutionized the financial world and paved the way for thousands of other cryptocurrencies.
