Compound interest is an amazing factor of investing and growing wealth. It is built into almost every financial calculation when looking at retirement, growing investments, and increasing your net worth. Even Warren Buffet said that compound interest played a large part in his accumulation of massive wealth. Compound interest is what happens when the interest earned on an amount of money becomes part of the principal, and then more interest is then earned on that larger sum. You interest earns you interest. This continues to repeat, and the … [Read more...] about Harnessing The Power Of Compound Interest
I was recently interviewed two weeks ago on KGO 810AM San Francisco. This was my first interview talking about money matters and consumer savings tips. I was interviewed about the article that I wrote detailing how to save money on my moving expenses. It was great and a lot of fun. I have included a copy of the Mp3 below for you to hear it. It is a quick eight minute interview covering some great moving tips. Click to play - KGO 810AM San Francisco Interview - "How To Save Money On Moving Expenses" If you cannot hear the WAV file, here is … [Read more...] about Money Q&A Interview On KGO 810AM San Francisco
Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. This one deals with whether you should pay your mortgage off first or invest for retirement. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured in an upcoming blog post. If you're not familiar with Dave Ramsey's book, you should run right out and … [Read more...] about Reader’s Question: Should You Pay Your Mortgage Off First Or Invest For Retirement?
The following is a guest post from Don at MoneySmartGuides.com where he posts about personal finance for the average person. Sadly, personal finance isn’t taught in school and many people are confused on the subject. Don is here to help educate everyone in hopes that they reach their personal finance goals!
When it comes to estate planning, most people avoid the topic. It’s understandable, but there are four estate planning documents you need to have. It’s understandable since talking about your own death isn’t something most people look … [Read more...] about
Dr. Charles Richards, Ph.D. has written, The Psychology of Wealth, about how we think and feel about our money and how we interact with it. Why can you find a wealthy couple that has a net worth of over $1 million who still live paycheck to paycheck with no savings? Why are there middle class Americans earning $30,000 who have a fully funded emergency fund, taking family vacations, saving for an early retirement, and living their lives carefree of money worries? What is the difference between these types of people and how they … [Read more...] about Book Review: The Psychology Of Wealth By Dr. Charles Richards
I have said before that I don’t always share very much about my personal life here on the blog. A part of me still thinks that you, the readers, probably don’t care much about it, and that is why I have not shared too much before now. But, Pat Flynn had a great guest post the other day on his blog, Smart Passive Income, that talked about really connecting with your readers by pulling back the curtain a little bit and showing you the person behind the words that you graciously read here. And, I know that friends like Ryan from Cash … [Read more...] about Ten Things I Have Never Told You About Me