Category: dollar
-
Demystifying Present Value: Unlocking the Power of Financial Evaluation
Present value, in finance and investment, refers to the concept of determining the current worth of a future sum of money or a series of cash flows, discounted to reflect the time value of money. It is a method used to evaluate the profitability or attractiveness of an investment opportunity. When it comes to real…
-
How can I save and invest more money?
Author James Clear in his monumental best selling book, and the one book I highly recommend everyone read at least twice has a lot to say about the 1% rule. The 1 Percent Rule states that over time the majority of the rewards in a given field will accumulate to the people, teams, and organizations…
-
The fast rising Interest Rates explained.
Unless you are living under a rock, then you know that the current overall economy isn’t doing that well. No matter the spin coming from the White House and its aligned corporate media telling you other wise, here is the truth. Three things are impacting the economy. Well, four if you count the overall incompetence…
-
How much money do I need to retire?
Well as you can imagine, the amount of money necessary to retire can vary from person to person. It depends on the lifestyle you want or you have grown accustomed to. The general rule of thumb is the “4% rule,” which suggests that you should plan to withdraw 4% of your retirement savings in the…
-
This one monthly payment made me sick every time I paid it.
Have you ever had to pay for something that you didn’t really use, but you were committed to paying for it for a certain amount of time because of a contract or some other reason? Those payments suck don’t they. You wish you could go back tell yourself not to commit to it or purchase…
-
Deal Deep Dive: Is it cheaper to rent or to buy a home?
A question that is debated quite often: Is it better to buy a home/apartment or rent? Financially speaking it is way better to rent a home especially if you don’t plan on living there longer than five years. But if you are looking to start a family or raise a family and are looking to…
-
5 pieces of the BEST financial advice I have ever received.
I am sure over the years I have been given a lot of financial advice that I have incorporated in some way into my life. If you are open to learning you will seek and find nuggets of wisdom in everything you do. For this post, I was thinking about what are those pieces of…
-
The one calculation often overlooked in real estate investing.
We all know that the current real estate market is highly competitive and as a real estate investor it is getting harder and harder to find deals that cash flow. With some of the deals I have done recently my cash flow has been solid, but not like it used to be. So one of…
-
Where I am currently putting my money.
A treasury bill (T-bill) is a short-term debt security issued by the government of a country to finance its short-term borrowing needs. In the United States, for example, T-bills are issued by the U.S. Department of the Treasury and have a maturity of one year or less. T-bills are considered to be a very safe…
-
Quit delaying, write the check.
One of the things I hear from people from time to time is I have enough in checking or savings to pay off all of my debt. And my response is always, then why haven’t you? In my late twenties, even though I was making so called “good money” I had still accumulated some credit…
Pennies into Fortunes 