Compound interest is, simply put, the interest you earn on the sum of both your initial investment and the interest that investment has already earned. Why is it important? Because your two potential advantages when it comes to maximizing potential earnings over time are: The power of compound interest Investing regularly through market highs and…
With the wealth of information readily available online, it’s easy to feel that we’re all experts about everything. From scouring the finance blogs and Twitter for the latest “surefire” ways to beat the market, to diagnosing our aches on WebMD, to grilling along with Bobby Flay on YouTube, it can seem like we have almost…
In his book “Rich Habits: The Daily Success Habits Of Wealthy Individuals,” author Thomas Corley outlines what he learned when he surveyed both wealthy and struggling Americans about their habits and attitudes. Here are a few “rich habits” he identified that are worth integrating into your professional, financial, and even personal life, to help you…
Close your eyes for a moment and envision where you’d like to be in 30 or 40 years… Are you sailing to Tahiti? Writing that book? Running your vineyard? Building a new company? If you had trouble envisioning where you’d like to be, you’re not alone. But unless you can visualize it, unless you’ve got…
It’s no secret: getting an early start on saving and investing is one of the most important things you can do for your future! Putting money into the market when you’re young – even small amounts – gives your investments time to grow and compound over time. Unfortunately, too many millennials haven’t gotten started yet….
Expecting a visit from the stork soon or has it already dropped off a new bundle of joy? If so, you know the full range of emotions that come with a growing family. Along with the love and excitement you feel with a new baby boy or girl, comes the pressure of new responsibilities and…
While retirement may seem a long way off when you’re young and just starting to build a business – or older and rebooting – it’s important to have a retirement savings plan and stick to it to create the future you want. Retirement planning can be difficult for anyone, but entrepreneurs and small business owners…
Friday, May 29 is “National 529 College Savings Plan Day,” to raise awareness about the benefits of college savings plans. Surprisingly, nearly 70% of Americans are unsure of exactly what types of college savings plans are available. Are you one of them? If you have children, a college savings plan should be considered as an…
Money can be a difficult subject for any of us to talk about, although it seems to be particularly challenging, statistically, for women. According to a recent study released by Fidelity, 80% of women surveyed said that they had refrained from discussing financial issues with friends or family, despite the fact that over 92% of…
Millennials have a tremendous advantage over their Baby Boomer parents because they are comfortable talking about money. Having grown up with social media and the internet, this generation is not as private as their parents and grandparents are, especially about subjects like money and finance. The advantage is that open conversations can reduce fears and…