5 Financial Terms the Wealthy Already Know - Quick Concepts #271

Hinzugefügt: 2026-05-27

[00:00:00]Everyday you don't speak the language of money, someone else is spending yours.

[00:00:04]Here are five financial terms that close the gap starting right now. One, 12b-1 fee, a mutual fund marketing or distribution fee paid from fund assets.

[00:00:17]Two, 1031 exchange, a tax deferred exchange of like-kind real estate investment property. Three, 1099 form, a tax form reporting non-employee income, interest, dividends, or other payments. Four, 401k match, employer contribution added to an employee's retirement account. Five, 529 plan, tax advantaged savings plan used for education expenses. Knowledge is the only thing that shifts the power back to you. Subscribe, new terms drop every other day. Start making the language work for you, not against you.