The average lifespan for all people has been going up. This is due to better technology and huge advancements in health care. Despite the blip downward caused by the Covid pandemic, we are all living longer. That is great news! However, it comes with its own challenges. A big challenge is not having enough moneyContinue reading “People Are Living Longer. Your Money Must Work Harder!”
Tag Archives: Cash
Good Financial Literacy Book
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 “Good Financial Literacy Book”
The Rule Of 72
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 “The Rule Of 72”
The Table That Got Me Started 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 Got Me Started Investing!”
Target Dated Funds
While I am not personally a fan of Target Dated Funds, they do have a place for people just starting out investing or people who are too busy or lack the interest to follow the market on a regular basis. They are definitely better than doing nothing at all. Target Dated Funds are designed andContinue reading “Target Dated Funds”
Make Your Money Work For You!
The most important thing that you can do for yourself and especially for your children is to get your money to work for you. The way to do that is through the magic of compound interest. Compounding interest is one of the most powerful forces in existence but it takes time. The earlier that youContinue reading “Make Your Money Work For You!”
Low Fee Index Funds are the Champs!
During an interview on Bloomberg radio recently , 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 are the Champs!”
People Unable to Cover $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 “People Unable to Cover $1000 Expense!”
Keep Fees Low and Returns will be High!
The great investor Warren Buffet won a famous bet against a Hedge Fund manager that over a ten year period he would have better returns using low cost mutual funds versus a basket of higher cost hedge funds. The founder of Vanguard, Jack Bogel, built one of the most successful companies, ever, on the ideaContinue reading “Keep Fees Low and Returns will be High!”
Invest in the U.S.
The longterm advantages of the U.S. make it the best bet in the world. It has advantages that have made it and will continue to make it the most powerful economy on Earth. It is large and has favorable geography and climate. It has a large educated population, good demographics, and abundant natural resources. Finally,Continue reading “Invest in the U.S.”
Patient and Disciplined Saving 