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The other day, I was explaining the Rule of 72 to my lovely wife. It’s a simple little mathematical trick that almost epitomizes the advantages and disadvantages of rules of thumb. If you want to know how long it takes to double a sum of money, divide 72 by its interest rate.At 10% a year, [...]Beware the Rules of Thumb from personal finance blog Bargaineering.com.
This post is from GRS staff writer April Dykman.I’ve discovered that one of the biggest benefits to being a full-time freelancer can be one of its drawbacks: setting ones own schedule. Don’t get me wrong, it’s the reason I wanted to get into freelancing in the first place, but I keep wondering if I’m working enough. Am I getting enough done in a day? How often should I tak
(Guest post by Jeff Kosola)Budgeting is something that financial savvy people do every month. The problem with budgeting is that is can become mechanical and/or boring.We understand that living beneath our means is the best way to become financial independent. We understand that without accounting for every dollar before it’s spent will result in [...]
Amazon is already a great place to shop that can save you a ton of money, but there are even more ways to save. Like any store, Amazon often runs promotions, sales, and specials that can provide even bigger savings, but you have to know how to find them. Some offers are predictable while others [...]How to Save Money on Amazon.com from personal finance blog Bargaineering.com.
Could you imagine entering the doors of your bank with sweaty palms, wondering if your money is still there? Chances are you wouldn’t take advantage of the complimentary coffee, or sign a sheet upon walking in to speak with a representative; you’d be frantically running in, elbowing others in a crowd and trying to withdraw all of your hard earned money. Witnessing a frenzy of people trying to get
Since passing my CFP® exam, more and more of my friends are coming to me for financial advice. Sometimes they have a specific question, sometimes they want to create a plan to get out of debt, and sometimes they just want some advice on how to manage their finances going forward. No matter what they [...]
You know that insurance is a necessity in some cases. By law, you are required to purchase car insurance, and health insurance can protect against major (and possibly financially devastating) health problems and costs. Other types of insurance, like life and disability, can be very helpful in securing your family’s future, depending on your particular [...]
Exchange traded funds (ETFs) are usually an index based investment that is designed to mimic the index and yield the same return on investment of that index. ETFs are similar to an equity and can be traded on the stock market just like a stock, offering you the opportunity to buy one share, representing [...]
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