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”
Category Archives: Interest Rates
Fight for a Good Credit Score
Having a good credit score is something worth fighting for. And, while there are different scoring companies which means you can have more than one credit score, you know at a base level if your score is good or bad. The easiest way to tell is if you pay your bills on time and payContinue reading “Fight for a Good Credit Score”
Realistic Annual Return for Planning
As you sit down and start working through long term savings calculators, what should you use as a long-term rate of return? Every percentage point makes a pretty big difference over a thirty to forty year time period. The short answer up front is you should use 8% if you have a portfolio primarily madeContinue reading “Realistic Annual Return for Planning”
Make Sure You Understand Deferred Interest!
The holiday season is time where people can get themselves into financial trouble because of their very best intentions. This is due to a lack of real understanding about interest-free purchases over a specific timeframe such as 12, 18, or 24 months. Many people will reach for large purchases and use these deals to helpContinue reading “Make Sure You Understand Deferred Interest!”
Patient and Disciplined Saving 