Finance is a real milestone in everyone’s life. Monetary problems are one of the most prevalent parts of the population’s lifetime that many leave schooling having no idea as to how to do basic financial planning. Financial problems can start from the day you graduate high school. This is usually because most students that want to go to college take out a loan from their preferred bank.

How does one know which types of loans they need for certain times in their life? What are assets and how are they tied to your financial situation? What are crypto currencies? why are crypto currencies so popular? Read on to find the answers to all of these questions!

Loans are money that is lent to someone by one or more people, often involving a bank. When someone “takes out a loan”, they are liable to pay interest on top of the debt. This means that not only does the person have to pay back the money they took in a certain amount of time, but they will also have to pay extra money on top of the debt. There are so many different types of loans that cater to different situations. These are the most common:

Personal Loans:

This is money that the customer may use for much more personal affairs such as paying bills or buying something. This type of loan usually has about a 9.5% interest, but every bank has a slightly varied value of it.

Home Loans:

These loans are specifically for housing financial help. This can be for the renovation of a home, property purchasing, or extension of the property. There are subtypes of home loans that are mostly for home. This type of loan often has an interest rate of 6.5%.

Small Business Loans:

Starting a business can often be very expensive. These types of loans help financially assist those who wish to pursue entrepreneurship and create a small business or help their business grow! These loans often have a starting interest rate of 14%, which is quite high depending on how much you need!

Education/Student Loans:

These loans have often been described as a lifelong commitment to a bank. Tuition for higher education is expensive and the debt is even worse. Due to the population’s push for people to go to college more often and getting a degree has almost become a social expectation in many places, interest can either be astonishingly low or astonishingly high. On average, federal student loans hold the lower interest rates having an average of about 4.5%

Assets are a type of security that banks require to make sure they will receive the money they lent the customer, whether that is in money or objects with an equal monetary value. This could be anything from the customer’s car to a piece of property.


Cryptocurrency is the term used to describe a currency that is not paper printed and authorised by a power of attorney. It rather stores the data of transactions explicitly to the internet world. Anyone and everyone can see what is the last transaction, but not who made the transaction.

No one owns cryptocurrency, then what makes it trustable? It is blockchain technology. Since it is not owned by anyone, it is known as a decentralised form of currency. It is not centralised under any community and no one can control anyone from buying or selling cryptocurrency.

Blockchain made it possible not to hack, since the blockchains are added and added every single moment. Thus it becomes impossible to hack a single transaction. On every single transaction, a block is added to the chain and no one can get through.

Bitcoin is the initial form of cryptocurrency. Its idea was discovered and released in 2009 by an anonymous person who is said to be Satoshi Nakamoto. It is still a mystery of who is the person behind this idea of decentralised Bitcoin.

So this can be fully decentralised and a better way than using a bank that can control your transactions.

In this era, it became a trend of investing in crypto currencies. From billionaires to a common man, investing in crypto currencies has become a way of earning. This is a highly trusted financial remedy for anyone who is not sure of the privacy of transactions.

– Content by Indira Priya Darsini G & Ashwini