What is a 5/1 adjustable-rate mortgage (ARM)?
A 5/1 ARM is a common type of adjustable-rate mortgage.
8 min read
Feb 09, 2024
Maggie Klokkenga
Maggie Klokkenga is a CERTIFIED FINANCIAL PLANNER™, CPA, AFC®, and the founder of Make a Money Mindshift, a financial coaching firm in central Illinois.
Maggie has been in the financial services industry for over 25 years, and she thoroughly enjoys helping people put the pieces of their money puzzle together, including solving the ubiquitous question of “Where is my money going?” Maggie teaches that once you discover your WHY, you can adjust your mindset and change your HOWs to achieve your WHATs. She has spoken about money mindset and spending to organizations such as Ladies Get Paid, Sodexo, Salesforce.org, and FemCity, and has been quoted in the Associated Press, CBS News MoneyWatch, NerdWallet, and GoBankingRates.
Learn more about Maggie at https://makeamoneymindshift.com. You can follow her on LinkedIn, Facebook, and Instagram at Make a Money Mindshift.
Maggie's latest articles
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This CPA dad opened these investment accounts for his babies to amass millions — here’s how you can, too
Start investing for your baby with these CPA’s tips.
6 min read Dec 04, 2023 -
What is a stop-loss order?
Stop-loss orders can help protect investors from large losses in volatile markets.
5 min read Nov 14, 2023 -
What are outstanding shares?
Knowing the number of outstanding shares is important for determining a company’s market capitalization.
4 min read Nov 09, 2023 -
What is a bequest?
Bequests transfer assets from one generation to the next.
3 min read Oct 27, 2023 -
What is a holding period?
The holding period is the amount of time between the purchase and sale of a security.
4 min read Oct 27, 2023 -
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What is a broad-based index fund?
This type of investment can help diversify your portfolio.
5 min read Oct 18, 2023