Unfortunately, most folks never do this. If you are worried about retirement, chances are you have no vision of what it is you really want. If you don’t have a clear vision of where you are going, it’s due to one of two reasons: you don’t care, or no one has taught you how to … (Read more)
Much of the financial world speaks in terms of average rates of return. The problem is, that average returns do not determine how much of your money you get to keep at the end of the journey. In the real world, it is the actual rate of rate (CAGR) that determines what you end up with. When you … (Read more)
Albert Einstein said that compound interest is the 8th wonder of the world. It works bestuninterrupted and over time. When money is put aside and left untouched to collect interest year after year, the result is nearly miraculous. The reason compounding interest doesn’t work for so many Americans is they fail to save any substantial … (Read more)
Possibly you recently paid cash for your kitchen remodel or that new bed room furniture set you had been eyeing for some time. Did you make a choice to pay cash for your new car or maybe it was a new washer and dryer set? When it comes to Self-employed business owners, there’s no doubt … (Read more)
Opportunity cost has been given little to no attention in retirement planning circles. This is unfortunate because it’s a real thing that can cost you dearly. It is crucial that you understand opportunity cost. Once you do, it will totally transform the way you handle your major capital purchases. The way you spend your money is as equally important … (Read more)
I recently read a friend’s Facebook post on the topic of paying one’s mortgage off early. His post on his FB page is below: ”I’ve heard alot of young people trying to pay down their mortgage asap. Typical advice is to only do this if you don’t think you can earn interest higher than your … (Read more)