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May
4
Understanding Compound Interest
With all of the financial terms in the world, it seems that few
are more confusing than compound interest Perhaps it is the
name that leads people to misunderstand exactly how it is that
compound interest works, or maybe it's the formula that is used
to compute it
Compound interest doesn't have to be confusing, however; the
information below should answer most if not all of your
questions concerning compound interest and how it can affect
you
What Compound Interest Is
Compound interest is simply interest that ...
April
2
"the Rule Of 72" – Use This Formula You Won’t Want To Borrow Money Again EitherPosted by: Category: Finance
"the Rule Of 72" - Use This Formula You Won't Want To Borrow
Money Again Either
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March
27
Avoid Payment Holidays - Always
Once you've been paying off a credit card for a while, you might
be offered a 'payment holiday' You'll get a letter, saying that
since the company knows it's difficult for some families around
Christmas (or whatever other excuse they think up), they're
offering you a month off from paying, as a 'special present'
This can be a benefit when you have an unforeseen expense that
throws out your monthly income and expenditure balance In some
cases if you are sufficiently in ...
March
25
How To Protect Your Nest Egg While Investing Online
Would you like to know how to protect your nest egg while
investing online? Well, read on and I will explain how I do it
I'm not trying to hide anything HYIPs, Rolling Maturity Date
HYIPs, Slow-rolling HYIPs all have their drawbacks The key to
investing in these safely is to have a strategy
The number one strategy is simple Don't bet the farm Don't
invest any money that you need tomorrow to survive That's
simple enough
Second, don't ...
March
25
The Miracle Of Compound Interest
Albert Einstein was once asked what he thought was the most
powerful force in the universe He answered: Compound Interest!
Now, I would have thought that Albert Einstein would have
considered things other than money But, when you take another
look at it, he may be right At least, he may have suggested the
thing that most of us would like to have
For the few reading this that have no idea what compound
interest is, let me explain briefly ...
March
24
Do You Have Debt - Then Don't Save
Humans are funny creatures We don't always do what's best for
us - instead, we do what feels best at the time, and try to
blank out any reasons why it might not be the best thing to do
It's called self-justification Or just plain illogical to many
Maybe that's why there are so many people who have both savings
and debts
A Matter of Psychology
Yes, it feels better to save Saving feels like building a
foundation for your ...
March
24
Australian Superannuation Hot Tips To Grow Your Super
The superannuation industry in Australia is going through a
remarkable period of growth and media awareness (We have all
seen the recent frenzy of advertising activity, press and TV
coverage)
Today, ordinary people are now realising that a Government
pension won't give them the lifestyle they want in the years
when they are not earning an income The need to save money for
the future is more than a hot topic, it has become a big wake up
call to ...
March
21
Read This If You Can't Possibly Save Enough For Retirement
It's relatively easy to save for retirement when you're still
young Five thousand dollars set aside for a new baby grows to
an amount that generates over a $100,000 a year in current-day
dollars if the money earns 12 percent annually and inflation
runs at 3 percent
NOTE: The data is a little sketchy, but small-company stocks
probably deliver average returns of around 12 to 13 percent over
long periods of time Small-company stocks are, however, very
risky ...
March
14
Saving money: living within your means
Frugality is a virtue that can be taken too far Here are a
number of pointers on how to find a sensible middle ground
between overly stingy and wasteful
Frugality is a virtue that can be taken too far You know you're
there when you're seriously looking into issues like recycling
dental floss or replacing hot showers with paper-towel and
rubbing-alcohol sponge baths On the other hand, daily splurges
at Starbucks, late-night infomercial shopping and pet-spa
treatment for your dog will likely ...
March
11
Retiring With A Decent Income
These days, itÂ’s hard to listen to the financial or economic news for long without hearing something about pensions These news stories usually give us some bad news about the pensions shortfalls in the gaping holes in pension funds The chancellor Gordon Brown has recently gone on record suggesting that he is in favour of increasing the working age, and the debates about whether to link state pensions to earnings or inflation rages on The ...
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