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 “Rule of 72”
Tag Archives: Savings
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!”
Saving Takes Patience and Discipline!
Making money is hard. Saving money I will argue is even harder. It absolutely takes a discipline and patience that just does not come naturally for everyone. If you want to make money one of the most important things that you can do is to work really hard. If you are willing to put theContinue reading “Saving Takes Patience and Discipline!”
Market Down Days Are Buying Opportunities!
Buy low and sell high! Easy to say and really really hard to actually do. We love to watch our investments go up and hate to see them go down. It is well documented that people often do the exact opposite of what they should do when it comes to buying and selling stocks. TheyContinue reading “Market Down Days Are Buying Opportunities!”
Don’t Get Greedy With Inflated Stocks!
There really aren’t any shortcuts to true wealth and security. There are people who win the lottery but that is not an actual plan but rather random luck. Right now I’m watching a stock crash that simply had no business being at the price level it was. That stock is DJT. It started trading lastContinue reading “Don’t Get Greedy With Inflated Stocks!”
People Are Living Longer. Your Money Must Work Harder!
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!”
Don’t Ignore Your Investments!
As a small investor you should always be focused on the long-term. You should work on developing your patience and discipline so that you are not panicking at every bit of bad news that comes out and therefore making emotional decisions that are probably going to hurt you more than help you. Rather, trust thatContinue reading “Don’t Ignore Your Investments!”
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!”
Patient and Disciplined Saving 