Author Archives: Phong Nguyen

We are right on the cusp of a huge transformation in the banking world. Between now and 2024, mobile and online banking is expected to grow by more than 50 percent! At the end of the next few years, experts have predicted there will be more than 3.6 billion people using mobile banking! What do experts know … read more

Over 60% of Americans have some kind of credit card, and some even have multiple cards. Credit cards make it easy to make purchases, pay bills online, and more, but some people resort to using their debit cards for the same purpose. But what is the difference between credit and debit cards? Should you favor one over … read more

Over 22% of baby boomers feel distrust towards e-banking. Yet almost one-third of millennials and Gen X have a bank account with an online-only bank. So why are baby boomers so concerned about online banking? Well, even though e-banking is becoming incredibly popular, it does still come with a set of risks and potential attacks from hackers … read more

Thousands of people in the US suffered from depleted savings accounts due to the pandemic. COVID-19 had a major impact on lives all around the world. Many people were restricted from seeing their loved ones, going to work, or leaving their homes. No one was prepared for the struggles presented by the pandemic. Even though vaccines are … read more

Nearly one-third of millennials and Gen X have a bank account with an online-only bank. Tens of millions more adults use e-banking and mobile apps as their preferred way to manage their finances. As popular as e-banking is, it does not come without its own set of risks and potential for financial disaster. There are some e-banking … read more

Even though women earn less in the workplace overall, they’re more likely to have higher savings rates and better retirement plan participation. And, although some women invest, it doesn’t compare to the number of men that do so as well. In fact, men are not only more likely to invest in the stock market. They’re also more … read more

There are many benefits to investing in stocks. The main one being that it’s quite lucrative. For example, $8000 invested into the S&P 500 index in 1980 would be worth around $780,000 in 2021 (even when accounting for inflation). That’s a return on investment (ROI) of 9688%! But investing in the stock market isn’t without its downfalls, … read more

Do you need business insurance? If you’re a small business owner, the answer is yes. According to a study by The Hartford, 40% of small businesses will record property or liability loss within the next ten years. You’ve probably heard the adage, “An ounce of prevention is worth a pound of cure.” If you’re a small business … read more

Imagine you start working for yourself as a freelancer. You don’t have any employees or business partners, so you don’t think you need a business checking account. But something goes wrong with a client, and they sue you. Because your money is in one account, the client can take everything from you, even your personal … read more