Investing can be an incredibly overwhelming task, especially when you are new to the world of finance. People often talk about the importance of returns or how to measure the success of an investment. Oftentimes, you might hear someone reference their investment returning high or lower than an annual return of 9%. But why do […]
9% annual return is the goal, but why? Read More »
Do you want to know approximately how many years it will take for you to approximately double money on an investment? Enter the Rule of 72. What is the Rule of 72? The Rule of 72 is a formula that one can use to estimate the number of years required to double invested money at
Do You Know the Rule of 72? Read More »
A couple of posts ago, we talked a little bit about savings strategies. I wanted to pick back up on that for another post because I think it is nice to have additional information on this so that we can design a strategy that fits our own life. What savings strategies have we talked
Savings Strategies Part II Read More »
Yesterday, we talked about interest and I mentioned compounding interest in passing, but I thought that it might be beneficial for us to cover that today with some Excel files for you to play around with. Because we are getting into compounding interest, I must reiterate that I am not a financial advisor nor am
Compounding Interest Read More »
Welcome back! Let’s talk about interest today. Today’s post will cover examples along with an Excel workbook and Google Sheets download. It is important to note that these examples are approximations, and nothing contained within these examples should be construed as exact calculations nor financial advice. For some reason, various technologies in the banking world
What is interest and how does it work? Read More »
Welcome back! It is the start of a new week, so let’s try to get off to a great start. Today, we will talk a little bit about some savings strategies. It should go without saying, but what we will discuss here is just the tip of the iceberg and should not be construed
What savings strategy should I follow? Read More »
Hello! Hello! During the budget posts, we talked about having a “Total to Me” line that is a category where you are essentially paying yourself each month. We talked about the fact that you are more likely to not complain if you do not pay yourself whereas your debtors will complain until you pay
What are savings accounts? Read More »
