Bank Interest vs. Mutual Fund Growth
The following chart shows the annual return on an investment in five-year increments. If you were to begin saving now, an amount of $100 per month, the following chart details your possible investment return showing a variety of percentages and years.
1.5% Bank Account
Funding Your Child’s Future
Pretend that you have a 12-year-old child. Let’s say you make a one-time investment into a S&P 500 mutual fund of $1,000 at the child’s current age. An S&P 500 index fund is a group of stocks considered to be generally representative of the stock market. This index is composed […]
Credit Cards Are the Norm
In our culture, credit purchases are the norm. Often, before an item has been paid for, it has been discarded. If you think you must have it all now or you cannot be happy, a paradigm shift must be made in your thinking.
In our culture, going in hock […]
Being In Control of Your Finances
Being in control of your finances means a whole lot more than just earning a greater income, having a better job and controlling your money. It means getting a handle on your bad habits. These might be habits of bad thought, wrong decisions, wrong choices and bad spending […]
Paying cash for a purchase is not generally promoted in our society. In many cases, it is outright discouraged. Why pay cash when you can lease the item? Why pay cash when you can enjoy low-interest financing? Why pay cash when you could be building your personal credit rating? Why pay cash? […]
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