Every investor and borrow absolutely must know and understand the Rule of 72. The Rule of 72 is a simple math shortcut that can be used to quickly figure out the amount of time it will take for money to double at a fixed rate of interest. The way it works is easy. All youContinue reading “You Must Understand The Rule of 72!”
Category Archives: Financial Education
A Stoic Life Lesson
I’ve recently been reading and learning about Stoicism. I recently read Meditations by Marcus Aurelius and really enjoyed it. I’m sure that age and my military background heavily influence my thoughts on this, but I really find that I like the Stoic philosophy. I definitely resonates with me. One of the stoic life lessons thatContinue reading “A Stoic Life Lesson”
Great Book that Explains How Money Works!
I came across a book entitled How Money Works: Stop Being A Sucker by Tom Mathews and Steve Siebold. It was actually given to my family by my wife’s coworker. After reading it I definitely think that it is a great book for all young people and anyone else looking to add a little knowledgeContinue reading “Great Book that Explains How Money Works!”
The Table that Opened My Eyes to Investing!
When I was 22 and about to graduate from college I attended a seminar about where to place investment money. A table was shown early in the presentation that I can say literally changed my life. It has been the defining philosophy of my approach to money. The table was made up of five columns. The first column wasContinue reading “The Table that Opened My Eyes to Investing!”
44% of People Can’t Cover an Unexpected $1000 Expense!
According to Bankrate’s 2024 annual emergency savings report only 44% of U.S. adults would be able to pay an emergency expense of $1000 or more from their savings. That is not fantastic and shows that a high percentage of people are simply living paycheck to paycheck. This number hasn’t really moved in several years. HowContinue reading “44% of People Can’t Cover an Unexpected $1000 Expense!”
Understand Demographics as an Investor
While I absolutely love reading fiction as a primary source of entertainment, I recently have started reading Peter Zeihan’s books. He is a political scientist and demographer and has made and continues to make very bold predictions about the global future. I’m a bit obsessed with everything he has to say as he has been proven correctContinue reading “Understand Demographics as an Investor”
Low Fee Index Funds will Beat Hedge Funds Over the Long-term!
During an interview on Bloomberg radio this morning, the person being interviewed (whose name I didn’t get) made a statement that I have written about before in a previous post. He very clearly said that if a person is patient and willing to wait 10-15 years then the Vanguard S&P Index Fund ETF (VOO) andContinue reading “Low Fee Index Funds will Beat Hedge Funds Over the Long-term!”
IRS Tax Withholding Estimator
Taxes are an inevitable part of life for most of us. It is also something that you do not want to mess with as the government is very unforgiving where unpaid taxes are concerned. It is important to understand your tax burden as your investment portfolio grows. While retirement funds in IRAs and 401ks areContinue reading “IRS Tax Withholding Estimator”
Never Try to Time the Market
Yesterday, 13 February, was a good example of why small investors should never try to time the market. You simply are not on the same footing of the big money players on Wall Street that can have big impacts on the market. Yesterday, the S&P 500 dropped approximately 100 points at its low of theContinue reading “Never Try to Time the Market”
A New Way to Think of a Purchase
I just watched a video on Youtube from the Erin Talks Money channel that I wanted to highlight. She brought up an alternative way that new investors should think about purchases. Overall, it is about focusing on the potential tradeoff between a purchase made today versus what that money, if invested instead, could turn intoContinue reading “A New Way to Think of a Purchase”
Patient and Disciplined Saving 