The Most Powerful Force In the Universe Is Compound Interest

The Most Powerful Force in the Universe is Compound Interest

Compound interest is the most powerful force in the universe. If you don’t believe that, will you believe its the 8th wonder of the world? Albert Enstein even said so: “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” … Read more

Analysis of $500 In FAANG Stocks Invested 5 Years Ago

Analysis of FAANG Stocks and FAANG Stocks ETFs

GUEST POST BY GAVIN MCMASTER FAANG stocks have been all the rage for years now, and they have significantly outperformed all major market indices. Of course, past performance is no indication of future performance, but let’s have a look at how a 5-year investment in FAANG stocks has performed. What … Read more

The Cost in Wealth of Revolving Credit Card Debt

The Cost in Wealth of Revolving Credit Card Debt

Revolving credit card debt is a common problem for people across all income ranges. Those who have ample income and can easily meet their minimum payments often don’t think twice about what its really costing them in wealth. In fact, keeping a balance on your credit cards is probably costing … Read more

Tutorial: Analyze spending Habits Using Pivot Tables

How-to-Analyze-Your-Spending-Habits

Before you build the budget that will help you make all your dreams come true, you need to understand your spending habits. I’m going to walk you through the exact steps you can take to analyze your spending habits using Excel pivot tables. The goal is to categorize your expenditures … Read more

Use a Digital Envelope System to Bucket Your Paycheck

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If you’ve read up on money saving systems, you’ve probably heard of the envelope system. Its a simple method with the following steps: Create an envelope for each type of monthly expense and identify an amount of money needed for the month. Add the designated amount of cash into a … Read more