Eliminate Debt and Build Wealth to Gain Financial Freedom
In the world of banking and finances, compounding is the predominant way interest is calculated. Albert Einstein is renowned for his intellect. He’s attributed with saying: “Compound interest is the 8th wonder of the world. Those who understand it EARN it. Those who don’t, PAY it.” What this means is that compound interest can either work FOR you or AGAINST you. It works FOR you [...] Read more »
The time value of money is a key financial concept everyone needs to know about. A Limited Resource of Major Significance Time is our most valuable asset. You can get more money, but you cannot get more time. Time is passing and with it so does the opportunity to use it. The clock is ticking away. Seconds, minutes and hours quickly pass and before long [...] Read more »
In the previous article, we looked at how so many people are shooting themselves in the foot in their effort to build net worth or equity by not controlling losses of money. In many cases, people (and organizations) are letting hundreds or even thousands of dollars slip out of their fingers each month. Doing so has a significant negative impact on your immediate and long-term [...] Read more »
If you’re like most people, you desire to be in a positive financial position. That is, to have enough money on hand now and throughout the future, to satisfy all your needs… and wants. Two Sides of the Coin When it comes to the matter of trying to improve your financial position, there are two challenges: Getting money. This includes earning it through your work, [...] Read more »