Having a personal budget offers several significant benefits: Overall, a personal budget is a powerful tool for financial management and planning. It empowers you to make informed choices, achieve financial goals, and build a stable financial future. On another note, if you are looking for a gift for the young reader in your life, youContinue reading “Benefits of Having A Personal Budget”
Tag Archives: debt
Why Saving the First $100,000 is the Most Difficult
Saving money can indeed feel challenging, especially when you’re just starting out. Several factors contribute to why the first $100,000 might be particularly difficult to save: Despite these challenges, saving the first $100,000 is a significant milestone that can set the foundation for future financial success. It requires perseverance, discipline, and a commitment to yourContinue reading “Why Saving the First $100,000 is the Most Difficult”
How Many People Get To 1 Million in Retirement?
I came across this article which asks this very important question, what does the data tell us about how many people actually do retire with 1 million in the bank? The 1 million sum is great because first off it is a lot of money. Next, it is also a nice round number that isContinue reading “How Many People Get To 1 Million in Retirement?”
Are Target Dated Funds For You?
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 “Are Target Dated Funds For You?”
When Will Your Money (or Debt) Double?
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 “When Will Your Money (or Debt) Double?”
Your Money Needs to Last Longer!
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 “Your Money Needs to Last Longer!”
Dividends
All small investors should be familiar with dividends. I will actually also go out on a limb and say that small investors should love stocks with dividends. A dividend is a distribution of a portion of a company’s earnings to its shareholders. The amount is determined by the company’s board of directors. Companies that payContinue reading “Dividends”
How to Think About 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 “How to Think About A Purchase”
Earnings Per Share!
When you are new to investing or trying to do a quick evaluation of a stock that you are not really familiar with looking at the companies Earnings per Share (EPS) is good to review. Bluntly, it will tell you right away if the company is making money or not. Investopedia defines EPS as theContinue reading “Earnings Per Share!”
Annual Percentage Yield (APY)
When shopping around for interest-bearing bank accounts like CDs it is very important to understand the difference between disclosed annual percentage yield (APY) and the interest rate. The two are similar but there is a difference between them. Understanding the difference will help you know how much of a return to expect on your deposits.Continue reading “Annual Percentage Yield (APY)”
Patient and Disciplined Saving 