The rule of 72 states if you divided 72 by your expected investment return, the answer will tell you how long it will take to double your money. For example if you expect an 8% return it will take you 9 years to double your money. You divide 72 by 8 which equals 9. This…
February 2014
How can color influence your mood?
How can color influence your mood?
Ten ways you can make yourself debt free
Many people will have a credit card balance that they pay 18% or more on interest each month. They may also have money in the bank earning zero. They will not pay the debt because they want the security of having cash in the bank. This behavior will cause them to lose 18% per month….
11 excellent personal finance books for young people
Reading a few of these books when you are young could have a profound effect on your financial future. http://www.businessinsider.com/personal-finance-books-to-read-before-30-2014-2?op=1
What are three strategies to raise money smart kids?
The United States has an epidemic. The name of the disease is financial illiteracy. Due to many reasons the majority of Americans would fail a basic test financial aptitude exam. One solution to the problem is to properly educate our countries youth, Three strategies are showing them their account statements, talking to them about money,…
Why buying a new car is not such a great idea
From Kiplingers: New stuff is nice, but it’s often not the best investment. Take cars. Estimates vary, but some experts say a new vehicle loses 30% of its value within the first two years — including an immediate drop as soon as you drive off the dealer’s lot. According to Kelley Blue Book, the average…
How much do you need to retire?
According to Jason Zweig of the WSJ, the new number is 22X your salary. For example if you want $100,000 in income for your retirement you need to have 22X that amount or a total of $2,200,000. You will never get close to that amount if you are not saving 10-15% of your salary. You…
What Colleges have the highest grades for drug and alcohol arrests?
Hint Oneonta and Wisconsin not looking so good. http://www.businessinsider.com/the-colleges-with-most-on-campus-drug-and-alcohol-arrests-2014-1
How you can use a Roth IRA to pay for college
From Scott Hanson If you have children or grandchildren whom you hope will go beyond high school and receive a college education, there’s a good chance you’ve thought about setting some money aside to help pay their expenses. There are some terrific ways to do this, including utilizing 529 plans, but one savings vehicle that…
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The Retirement Pyramid
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