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.
I think one of the reasons that I’ve done well as an investor is that I learned from my mentor to focus on just one thing: Will the thing I’m investing in be worth more in ten years than it is today?
So it might not be much of a surprise to find out that I look at my life the same way: Will what I’m doing with my time make me worth more in ten years than I am today?
And I don’t mean just financially… Read more.
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