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Which matters more for building wealth: Your saving rate or your investment returns?

January 27, 2023 by Brett Tams

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?

Accumulating Wealth in the Early Years

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.

Posted in: Building Wealth, Investing, Retirement, Taxes Tagged: 2, All, asset allocation, before, big, buffett, build, building, building wealth, business, calculator, Compound, Compound Interest, compounding, couple, data, Early retirement, earning, environment, expenses, Fees, Financial Goals, financial independence, Financial Wize, FinancialWize, fire, freedom, gap, goal, goals, good, growth, heat, hold, household, Income, interest, Invest, Investing, investment, investment returns, investments, investors, job, jobs, journey, Life, low, LOWER, Main, Make, market, money, More, munger, net worth, News, Other, pinterest, rate, Rates, Real Life, retirees, retirement, returns, rich, right, save, Saving, saving rate, savings, Savings Account, single, Spending, stock, stock market, tax, The Stock Market, time, vacation, versus, warren, wealth, will, young

Net Worth, Projects, and Dogs – Update Q1 2022

January 27, 2023 by Brett Tams

Another quarter in the books! Every three months, I’ll be taking a look at my personal finances, recent news from The Best Interest, and more dog pictures. Here are my previous quarterly updates: Q1 2021 Q2 2021 Q3 2021 Annual Review 2021 Why share this info? To brag?! No way! I want to be transparent. I practice what I preach… Read More »Net Worth, Projects, and Dogs – Update Q1 2022

Posted in: Money Basics, Personal Finance Tagged: 2, 2021, 2022, 401k, advisor, All, all-time highs, Amazon, ask, basics, before, Benefits, big, Blog, book, Books, business, Career, Career Change, commute, Competition, cost, couple, crash, data, deductions, dogs, electric, entertaining, equity, expense, expenses, Finance, finances, Financial Advisor, Financial Literacy, Financial Wize, FinancialWize, fun, good, great, Grow, growth, helpful, home, home equity, How To, Income, Instagram, interest, Investing, investment, investments, investors, IRA, kids, Learn, Life, list, Make, market, markets, money, Money Basics, More, more money, net worth, new, News, organization, Other, Personal, personal finance, personal finances, podcast, portfolio, present, principal, projects, Purchase, questions, Revenue, Review, reward, risk, risk and reward, roth, Roth IRA, running, sales, Social Media, Spending, Spring, stock, stock market, stocks, story, tax, teaching, The Stock Market, time, Twitter, unique, update, updates, will, young

Performance reviews and asking for a raise

January 27, 2023 by Brett Tams

More and more, companies are dispensing with traditional annual employee reviews. They say this is out of sensitivity to a new generation of employees who find reviews stressful. The real reason may be that dispensing with employee reviews saves companies money — albeit at the expense of their employees.

Microsoft and Dell are among the high-profile companies that have made news recently by dumping annual employee reviews, and Silicon Valley has long turned its nose up at such traditional means of measuring performance and managing people. For many employees, the initial reaction is relief, but they would be wise to look closer. Without that annual review process, they could find that opportunities to get a raise are fewer and more difficult to obtain.

Young woman asking for a raise

Nothing Ventured, Nothing Gained

As much as you may view a formal review as resembling an interrogation scene out of George Orwell’s “1984,” it should work to your benefit — both financially and in terms of feeling more connected to your workplace.

Posted in: Mortgage Tips Tagged: 2, 2016, All, ask, building, Career, Careers, chance, clear, company, cost, data, dell, earnings, education, employer, environment, expense, experience, financial independence, Financial Wize, FinancialWize, gap, gender, goals, good, historical, interest, interest rates, Investing, job, jobs, Make, making, market, money, More, negotiating, new, News, Other, pay gap, points, Raise, rate, Rates, Relationships, Review, Reviews, Salary, Saving, savings, Savings Account, Self-Improvement, stock, stock market, survey, time, title, traditional, will, woman, women, work, workers, young

Betterment Review: The Original Robo-Advisor Service

January 27, 2023 by Brett Tams

Betterment offers the best combination of investment options, tax-loss harvesting and low fees of any robo-advisor – with no minimum investment requirement.

The post Betterment Review: The Original Robo-Advisor Service appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

Posted in: Investing, Money Basics Tagged: 2, 2021, advice, advisor, All, Alternatives, android, app, asset allocation, assets, ATM, balance, banks, barclays, basic, Benefits, betterment, blue, bond, bond funds, bonds, brokerage, brokerage firms, buffett, Buy, Capital Gains, capital gains tax, CDs, Checking Account, Checking Accounts, Children, codes, College, corporate bonds, cost, couple, cryptocurrencies, customer service, Debit Card, Debt, diversification, dividend, dividends, emerging market bonds, employer, employer-sponsored retirement plan, Employment, equity, ESG, estate, ETFs, expensive, FDIC, FDIC insurance, Fees, Financial advice, Financial Planning, Financial Wize, FinancialWize, fixed income, fund, funds, General, Getting Started, goal, goals, gold, good, Google, government, great, growth, growth stocks, household, household income, How To, improvement, Income, index, index fund, industry, Inflation, Insurance, interest, international, Invest, Investing, investing strategies, investment, investments, investors, iOS, iPhone, IRA, IRAs, irs, Life, Life Events, Long-term Savings, low, LOWER, Make, making, market, markets, marriage, mobile, Mobile App, model, modern, modern portfolio theory, money, Money Matters, More, Move, mpt, municipal bonds, natural, needs, new, novideo, offer, offers, Operations, opportunity, Original, Other, overdraft fees, passive, Personal, plan, Planning, Popular, portfolio, premium, principal, products, project, protection, quality, questions, rate, Rates, Real Estate, real estate investment, retirement, retirement accounts, retirement plan, Retirement Planning, retirement plans, Review, reward, risk, robo-advisor, robo-advisors, rollover, roth, safety, Saving, Saving for Retirement, savings, Savings Accounts, Schwab, second, securities, security, Sell, shares, short-term investment, single, smart, smart phone, stock, stock classes, stock market, stocks, Strategies, target, tax, tax rates, time, time horizon, title, tools, trading, traditional, Treasury, Treasury bonds, trusts, under, unique, value, value stocks, Vanguard, versus, visa, volatility, warren, will

Tips for Surviving a Snarling Bear Market

January 27, 2023 by Brett Tams

Stay calm and let the bear back down.

Posted in: Mortgage News Tagged: 2, 2021, 2022, All, bear market, bear markets, before, ben, big, black, Buying, buying and selling, california, couple, crash, data, decades, decision, Economy, Emotions, experience, fiduciary, Financial Wize, FinancialWize, General, goals, good, great, Grow, index, Inflation, interest, interest rates, Investing, investment, investors, japanese, Learn, learned, low, lyft, market, markets, miles, Monetary policy, money, More, mountains, Move, News, plan, planner, Planning, podcast, portfolio, Rates, Recession, restaurant, retirement, right, second, Sell, selling, stock, stock market, stocks, story, Strategies, stress, The Stock Market, time, tips, trading, upgrade, value, wall, wealth, wealth management, will, woman, workers

Mortgage Rates Lowest Ever, Woo.

January 27, 2023 by Brett Tams

About a month ago, I discussed whether mortgage rates could drop any lower. At that time, the en vogue 30-year fixed-rate mortgage averaged 4.32%, per Freddie Mac data. Today, expectedly, it hit a fresh all-time low, falling to 4.12%. Freddie attributed it to “market concerns over Eurozone sovereign debt default and a weak U.S. employment… Read More »Mortgage Rates Lowest Ever, Woo.

The post Mortgage Rates Lowest Ever, Woo. appeared first on The Truth About Mortgage.

Posted in: Mortgage News, Mortgage Rates, Refinance, Renting Tagged: 2, 30-year, affordability, All, Applications, banks, bond, bond yields, buyers, Buying, Buying a Home, chase, Crisis, data, Debt, down payment, Employment, equity, estate, fed, Financial Wize, FinancialWize, floor, Freddie Mac, General, good, government, home, home buyers, home equity, home prices, improvement, lenders, low, low mortgage rates, LOWER, making, market, money, More, Mortgage, mortgage applications, mortgage lenders, Mortgage News, MORTGAGE RATE, Mortgage Rates, Move, new, News, Other, Popular, pressure, Purchase, rate, Rates, Real Estate, Refinance, rich, risk, simple, stock, stock market, the fed, The Stock Market, time, title, will

Streaks and Skill

January 27, 2023 by Brett Tams

My thoughts on investing have shifted over the years. New ideas consistently challenge me and force me to question my assumptions. The biggest: is there skill in investing?

Posted in: Investing, Money Basics Tagged: 2, 2022, All, ask, baseball, BAT, ben, Blog, Books, buffett, business, Career, chance, Competition, confidence level, cost, data, decision, diversification, diversify, Financial Wize, FinancialWize, flipping, flips, fund, fund managers, funds, games, General, good, graham, great, Grow, guide, history, How To, ideas, impact, index, index funds, interest, Invest, Investing, Investing & Retirement, investments, investors, Law, Learn, learned, lessons, Life, list, low, Make, making, market, markets, math, MLB, More, munger, net worth, new, office, Other, passive, patterns, podcast, portfolio, probability, products, proof, rate, right, Sell, shares, simple, single, skill, smart, statistics, stock, stock market, stocks, story, streaks, The Stock Market, time, title, trends, trust, Video, voting, wall, warren, will, work, youtube, Zoom, zoom out

How to buy bonds: The ultimate beginner’s guide

January 27, 2023 by Brett Tams

   Bonds might be the missing piece in your portfolio. Here’s how to buy bonds, why you might need them, and what exactly to look for.Bonds might be the missing piece in your portfolio. Here’s how to buy bonds, why you might need them, and what exactly to look for.

The post How to buy bonds: The ultimate beginner’s guide appeared first on Money Under 30.

Posted in: Investing, Money Basics Tagged: 2, 2022, advisor, All, Amazon, app, asking price, bear markets, before, big, bond, bond funds, bonds, Broker, brokerage, build, Buy, Buying, chase, Choices, city, commission, company, Convenience, corporate bonds, data, diversity, dividends, earning, ETFs, Featured, Fees, Financial Advisor, Financial Goals, Financial Wize, FinancialWize, fixed income, fund, funds, General, goals, good, government, great, Grow, growth, guide, hold, How To, Income, Inflation, interest, interest rate, interest rates, Invest, Investing, investments, investors, IRA, job, Learn, lending, lending money, Life, Live, loan, Loans, Local, low, Main, Make, market, markets, millennials, money, More, Move, municipal bonds, mutual funds, needs, new, offer, Other, ownership, payments, plan, Popular, portfolio, premium, principal, Purchase, rate, Rates, retirement, returns, right, risk, robinhood, roth, Roth IRA, running, savings, savings bond, schools, searching, Secondary, secondary market, Secondary markets, Sell, shares, simple, stock, stock market, stocks, The Stock Market, time, title, Treasury, Treasury bonds, under, value, Vanguard, volatility, war, will, work, young

What Are Dividends? Definitions, Insights, and How They Work

January 27, 2023 by Brett Tams

A dividend is a payment from a company to a shareholder who has invested in shares of the company. Publicly traded companies that offer dividends usually pay them on a fixed schedule and the amount given out to shareholders is based on the company’s profit and performance. So, why should you care about dividends? Not

The post What Are Dividends? Definitions, Insights, and How They Work appeared first on MintLife Blog.

Posted in: Money Basics Tagged: 2, 2021, adventure, All, Amazon, app, apple, assets, author, basic, before, Benefits, big, bills, Blog, blue, bonus, build, building, business, Buy, color, company, Compounding Interest, cons, Credit, credit score, custom, data, Debt, debt-to-income, dividend, dividend funds, dividend payout, dividend stocks, Dividend Yield, dividends, dream, Early retirement, earn interest, earnings, entry, Financial Goals, financial resolutions, Financial Wize, FinancialWize, funds, Giving, goals, good, Google, graph, great, green, guide, How To, Income, index, industry, interest, Invest, Investing, Investing 101, Investing Advice, investment, investments, investors, layout, legacy, library, Loans, LOWER, Main, Make, market, MarketWatch, Mint, mint.com, money, More, Morningstar, Mortgage, Move, new, offer, offers, Other, passive, passive income, pay bills, Pay Off Debt, payments, penny stocks, points, portfolio, project, projects, property, pros, Pros and Cons, Purchase, rate, Research, resolutions, retirement, returns, Review, right, risk, safe, Saving, savings, second, Secondary, SEO, shares, single, states, stock, stock market, stock trading, stocks, Style, summer, tax, taxes, The Stock Market, time, title, trading, traditional, Twitter, value, Video, voting, voting rights, wells fargo, will, work

What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income

January 27, 2023 by Brett Tams

Are you interested in learning about affiliate marketing for beginners?  Affiliate marketing is one of the most popular ways to monetize your blog because it’s somewhat passive, and it’s something that can truly help your readers when done well. That’s why, today, I want to talk about affiliate marketing for beginners. I’m going to start […]

The post What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income appeared first on Making Sense Of Cents.

Posted in: Extra Income, Mortgage Tagged: 2, 2016, action, active, ad, advice, affiliate marketing for bloggers, All, Alternatives, Amazon, Amount Of Money, ask, assets, Auto, balance, Bank, before, big, Blog, Blogging, blue, brown, build, building, Built, business, buyer, buyers, Career, cents, clear, coffee, color, commission, commissions, company, Competition, conversions, couple, data, day trading, dogs, dos, Earn money, earning, earnings, energy, experience, Extra Income, Extra Money, Family, Featured, Finance, Financial Freedom, financial lessons, Financial Wize, FinancialWize, free download, freedom, fun, funny, General, get started, Getting Started, Giving, goal, goals, good, Google, Graphic, great, Grow, growth, guide, Guides, health, helpful, home, How To, How to Make Money, ideas, Income, income report, Instagram, internet, investment, items, job, jobs, journey, keywords, layout, Learn, learned, lessons, Life, Lifestyle, Live, Loans, low, Main, Make, Make Money, make money blogging, making, Making Money, market, Marketing, math, millennial, mistake, money, More, more money, most popular, Motivation, Move, MOZ, needs, new, Nextdoor, offer, offers, Opinion, Other, pandemic, Parenting, passive, passive income, paypal, Personal, personal finance, pinterest, plan, podcast, Popular, Product Reviews, products, programs, Purchase, quality, questions, Rates, ready, Research, retire early, Revenue, Reverse, Review, Reviews, rewards, right, running, RV, sales, Saving, School, search, searching, Sell, selling, single, single mom, Sites, Social Media, space, Spending, starbucks, Starting Out, stock, stock market, Strategies, student, Student Loans, studying, Style, survey, survey sites, swagbucks, target, The Stock Market, time, timing, tips, title, tools, trading, transformation, Travel, traveling solo, trust, under, updates, Video, wealth, will, work, work-life balance, working, youtube
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