Your Purpose In Life
Show Summary Welcome back to the show and Merry Christmas!! I’m recording this two-part series that we’re going to share with you over the next two episodes on Christmas Eve! I…
Show Summary Welcome back to the show and Merry Christmas!! I’m recording this two-part series that we’re going to share with you over the next two episodes on Christmas Eve! I…
Taking a sick day is the perfect opportunity to relax and unwind (unless you’re sick). According to Redditors, whether you’re looking for a comedy, a romance, or a heartwarming tale, these movies will leave you feeling happy and uplifted. So grab a blanket, make some chicken soup, and get ready to escape into a world … Read more
My name is Zach, and I write at Four Pillar Freedom, where I tend to tackle financial topics through data visualization. While J.D. is on vacation, I offered to explore one of his favorite topics: the effects of saving rate versus investment returns.
Albert Einstein supposedly once said that compound interest is the eighth wonder of the world.But does data actually support this claim?
In this post, I explore the nature of compound interest, how long it takes to become an important factor in wealth accumulation, and whether or not it actually matters much for people who hope to achieve financial independence in a relatively short time.
What matters more: your saving rate or your investment returns?
Suppose your goal is to achieve a net worth of $1 million. If you invest $10,000 every year and earn a 7% annual return on your investments — which is a reasonable assumption for long-term stock market returns — you’ll accumulate $1 million in about 30.7 years.
The chart below shows exactly how long it would take to reach every $100,000 net worth milestone, using the assumptions of a $10,000 annual investment earning a 7% annual return:
Notice how each $100,000 net worth milestone takes less time to reach than the last. In fact, it’s mind-boggling to see that it will take youlongerto go from $0 to $100,000 than it will to go from $600,000 to $1 million:
The first $100,000 takes the longest to save because you don’t receive much help from investment returns early on. The time it takes you to go from $0 to $100,000 is mostly dependent on the gap between your income and your spending.
Are you thinking about starting a blog? If so, this article is full of great reasons to start a blog in 2023! Whenever I talk to people who are interested in blogging, one of the main things that stops them is whether or not it’s a good time to start a blog. My response is […]
The post 10 Best Reasons To Start A Blog in 2023â Start Yours Now! appeared first on Making Sense Of Cents.
When it comes to money, thereâs nothing as empowering as having a good understanding of your finances and achieving financial freedom. However, women can often struggle to feel confident in their ability to invest or simply save altogether. On average, women invest 40 percent less than men and retire with two-thirds of the money â
The post Investing Advice We Can Learn from 10 Successful Lady Bosses appeared first on MintLife Blog.
Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration.
What does it take to earn $100,000? These six Millennials have landed six-figure salaries and have some helpful tips to help you do the same.What does it take to earn $100,000? These six Millennials have landed six-figure salaries and have some helpful tips to help you do the same.
The post How to make $100k+: Advice from 6 millennials who’ve done it appeared first on Money Under 30.
I was honored to have the opportunity to record a very authentic and vulnerable podcast on What To Do When You Feel Like Quitting Your Blog. If you’ve ever felt like quitting your blog or something else you’ve poured a lot of effort into, I think this will encourage you. In this podcast, I share:Read More
Interior Designs Trends 2023 â What’s In and Out for Home Decor Cosmopolitan
Fifth Third Bank (5/3 Bank) formed as a result of the merging of two banks, Third National Bank and Fifth National Bank. Originally founded in 1858, this Cincinnati-based bank has 1,154 branches and 2,469 in the U.S. Fifth Third offers a variety of home mortgage options in 10 states and is ranked 389th on the Fortune 500. […]
The post Fifth Third Mortgage Review appeared first on Good Financial Cents®.