Before we get to far ahead of ourselves with “compound interest”, lets quickly cover what just plain old “interest” is. Interest, whether it is you borrowing money for a loan or you earning money from an investment, all gets expressed through what’s called an interest rate or interest percentage. Let’s say you take out aContinue reading “How Does Compound Interest Work?”
Author Archives: Devoted Blogger
Do You Have a Debt Repayment Plan?
Can you imagine living without debt or does even that thought seem foreign and unattainable to you? Debt has unfortunately become an American way of life. According to the Federal Reserve Bank, at the end of 2020, American’s owed roughly $14.35 trillion in debt. This is $14.35 Trillion in number form to give you someContinue reading “Do You Have a Debt Repayment Plan?”
Do You Have Wealth Accumulation Goals?
You might be asking yourself, “What the heck is a wealth accumulation goal”? Let’s get that question clearly answered before we move on with the rest of the article. Having a wealth accumulation goal is basically a savings plan that has a very specific end goal in mind. It could be a short-term goal likeContinue reading “Do You Have Wealth Accumulation Goals?”
Purchasing Power of the US Dollar
The consumer price index which is a governmental measurement of changes in the prices of goods and services has been on a steady decline since 1967 due to the impact of inflation. The consumer price index or purchasing power, is a very important factor when looking at the value of your investment portfolio. If youContinue reading “Purchasing Power of the US Dollar”
Top Sources of Retirement Income
Retirement can be a scary word for some. How do you know what you will need years into the future? There are so many unknowns. So many variables, some in your control and some that aren’t. Don’t worry though, it’s not all doom and gloom! Although your situation might change, the major sources of supplyingContinue reading “Top Sources of Retirement Income”
