Your Purpose In Life
Show Summary Welcome back to the show and Merry Christmas!! I’m recording this two-part series that we’re going to share with you over the next two episodes on Christmas Eve! I…
Show Summary Welcome back to the show and Merry Christmas!! I’m recording this two-part series that we’re going to share with you over the next two episodes on Christmas Eve! I…
Saving more money is one of those big goals that a lot of people have, but get stuck. I know this because we use to be right there too. The year would fly by and we were nowhere near our goal. With a few months left, weâd scramble to figure out how to knock it out. It
The post Goal Setting: How to Become A Better Saver appeared first on MintLife Blog.
Saving money takes discipline. And a certain amount of sacrifice.
The post Not saving? These 3 reasons to save money will give you the motivation to start appeared first on Discover Bank – Banking Topics Blog.
My name is Zach, and I write at Four Pillar Freedom, where I tend to tackle financial topics through data visualization. While J.D. is on vacation, I offered to explore one of his favorite topics: the effects of saving rate versus investment returns.
Albert Einstein supposedly once said that compound interest is the eighth wonder of the world.But does data actually support this claim?
In this post, I explore the nature of compound interest, how long it takes to become an important factor in wealth accumulation, and whether or not it actually matters much for people who hope to achieve financial independence in a relatively short time.
What matters more: your saving rate or your investment returns?
Suppose your goal is to achieve a net worth of $1 million. If you invest $10,000 every year and earn a 7% annual return on your investments — which is a reasonable assumption for long-term stock market returns — you’ll accumulate $1 million in about 30.7 years.
The chart below shows exactly how long it would take to reach every $100,000 net worth milestone, using the assumptions of a $10,000 annual investment earning a 7% annual return:
Notice how each $100,000 net worth milestone takes less time to reach than the last. In fact, it’s mind-boggling to see that it will take youlongerto go from $0 to $100,000 than it will to go from $600,000 to $1 million:
The first $100,000 takes the longest to save because you don’t receive much help from investment returns early on. The time it takes you to go from $0 to $100,000 is mostly dependent on the gap between your income and your spending.
There you are, sitting in your high schoolâs guidance office talking with your counselor about heading off to college after graduation. Youâre all excited thinking about the new friends and freedom youâll have until you go home to parents who remind you that college isnât cheap. With over half of college students taking on debt,
The post What is Fedloan Servicing? (Guide to Fedloan Student Loans) appeared first on MintLife Blog.
Should I rent a car in Oahu? Great question. It might seem like booking a rental will give you the most freedom of movement, but it’s likely not worth the cost.
There are plenty of reasons why you would need to transfer money internationally. Reasons include sending money to friends and family overseas, purchasing investments or divestments, buying a home abroad, or directly paying for accommodations for an upcoming international vacation. This is why it is crucial that you find an international money transfer service that […]
The post OFX Money Transfer Review appeared first on Good Financial Cents®.
When it comes to money, thereâs nothing as empowering as having a good understanding of your finances and achieving financial freedom. However, women can often struggle to feel confident in their ability to invest or simply save altogether. On average, women invest 40 percent less than men and retire with two-thirds of the money â
The post Investing Advice We Can Learn from 10 Successful Lady Bosses appeared first on MintLife Blog.
Today, I’m going to answer some of the most common questions about having a side job. These are questions I get asked a lot by readers and other questions I see asked online. If you’re thinking about getting a side job or starting a side business, you probably have some questions. I know there were […]
The post 10 Of The Most Common Questions About Having A Side Job appeared first on Making Sense Of Cents.