Why do you want to learn how to invest? Most people want to start investing because they want to retire or retire early. Others want to be able to cover their medical bills, or pay for their children’s college, travel, or have extra money later. No matter what your reasons, or where you are in Read more.
Charlie Munger said, “You don’t make money when you buy and you don’t make money when you sell. You make money when you wait.”
That assertion is so powerful that it is easy to overlook how critical it is. The whole idea of Rule #1 Investing is buying a stock low, and selling it high. But, the key here is that you’re doing nothing most of the time. In this video, we’re going to talk about just how powerful waiting is and why professional fund managers just can’t afford to invest like this: Read more.
There’s a very easy way to tell the amount of time it will take to double your money and it’s called the Rule of 72. Getting a sense of how compound interest can potentially grow your portfolio is enough to light a fire under you and get you started saving as early as possible. I use the Rule of 72 all of the time, and chances are, if you’ve listened to my podcast or read either of my books, you’ve heard me use it.
Knowing how long it takes to double your money, tells you what your compounded rate of return is over time. Watch the video below to learn more about the Rule of 72. Read more.
With tax season around the corner, it’s a good idea to start thinking about what are you going to do when the federal government or the state government gives you back some money.
For starters, there are some really bad things you can do with your tax refund and there are some really good things you can do with it. Read more.
Sometimes, after the holidays, a wedding, a big vacation, or any occasion that requires big spending, your financial house can get out of order and stress you out. Or perhaps your bank account has been sitting at zero or in the red for quite some time and you want to start saving big. Remember, bad Read more.
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How to Generate 15% Returns
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