Recently I was browsing through Facebook and came across a very interesting thread of comments on a post asking the question about what is better; buying a new car with a warranty, or sink money into an older car to keep it running. I have to be honest, I was actually quite disgusted with the [...]
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What are your financial goals?
Setting your financial goals can be one of the most important goals you set in your life. What are yours? Do you have them? If you don’t, I promise you that you will have a much more fulfilling life by setting and keeping financial goals than almost any other goal you can set, with the [...]
Compound in Your Favor
Two days ago I posted an article about the time value of money. It was brought up that I didn’t talk about how you can take advantage of this principle for yourself. I stated that rich people stay rich because poor people give them all their money. Well, you can be rich too. It’s pretty [...]
Time Value of Money
What is the time value of money? For those of you that have never taken an accounting of finance course where it talked about this, the whole principle is based on the notion that a dollar today is worth more than a dollar tomorrow. This notion poses both an opportunity and a problem for the [...]
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