Have you heard of the “Rule of 72”? This simple rule helps your HARD-EARNED MONEY grow! The “Rule of 72” approximates how many years it will take for your money to double, given a fixed rate of return. The formula: {72 / interest rate = Number years to double}. How long do you believe it will take to double your money if placed in a typical U. S. savings account? ...
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RULE # 1: If your debt interest rate is higher than your targeted investment return, than prioritize paying off debt. Place your money where it does the most good. https://wealthbuildingpowers.com/2018/04/05/four-steps-to-achieve-financial-freedom-by-becoming-debt-free/ If you want to invest in the S&P 500 ETF, which averages about eight to ten percent annual returns you should prioritize paying off HIGH INTEREST credit card debt which can be as high as ~30%. The good news, student loan interest ...
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Every successful individual regardless of the field, did so by outworking the competition.
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Warren Buffett with an estimated net-worth of ~$90 billion is considered the world’s best stock investor Mr. Buffett stated, “the S&P 500 ETF index fund is the best investment MOST Americans can make.”
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I write my annual goals each January, including Net-Worth target. When I started calculating and setting an annual net-worth target, I took better control of my wealth creation. Calculating your 2019 December, net-worth is like taking a picture of a house you are rehabbing. From that picture you determine the improvements you plan to work towards for the next 12 months THREE KEY REASONS Net - worth is the most ...
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You have to decide how you’re going to show up in life,” she said. “I’ve used some of my differences as a way to stand out and to hopefully count and matter — and hopefully create an opportunity for others.” Her advice to those who may want to follow in her footsteps: “Be confident in your own ideas.” “Be brave,” she said. “Bravery is not the absence of fear, it is overcoming ...
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COMPOUND INTEREST IS THE EASIEST WAY TO DOUBLE OR TRIPLE YOUR MONEY
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WITHOUT ANY DOUBT THE BEST GET RICH PLAN IN TWO SIMPLE STEPS!
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Thursday night I was driving to the store (Ok it was a Bundt Cake Store- I lost momentary control!) and heard on the radio several Federal Prison Guards talking about the hardship of this partial government shutdown. The inability to pay for gas, many single officers sleeping at the prison to save gas money. One guard in tears saying he and his wife discussed what could they afford to buy for their ...
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Last week we talked about the need for having a minimum of six months expenses in your emergency savings. The partial government shutdown, which began Dec. 22, 2018, is unfortunately still going strong (THE KIDS IN DC CANNOT PLAY NICE). As you begin to grow your emergency savings you will need a plan for to put those hard earned dollars to work! Be sure to open separate account(s) to ...
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