Many investors hear about the compound interest and compound growth, as they believe this is the magical formula for wealth creation.But in the starting years, compounding doesn’t feel that much exciting and could be surprisingly slow. Just imagine an investor name Alex. He has $10,000 invested and if we hypothetically assume 7% annual return then … Read more
Imagine your car suddenly needs a $600 repair. One normal person pays his bills from his savings and continue to live like that. While on the other hand, another puts the same repair cost on the credit card and spends the some next year easily paying it back. The difference is not always the income. … Read more
Have you ever experience something like this when you buy an expensive item and then suddenly felt that everything around it look old or cheaper? Let’s assume you bought a new smartphone and then you felt that the older phone case doesn’t look good, you need a new one and after that a new wireless … Read more
Most of us grow up hearing the same personal finance advice, save money, invest for retirement and avoid the unnecessary spending and build a large net worth. These habits will helps you to create the financial security, But what will happens if by saving a lot of money, you miss the best experiences of your … Read more
If your money is still in any traditional savings account, then may be you are losing hundreds of dollars of potential interest. According to the sources, In the United States, average savings accounts interest rate is approx 0.38%, while some large big national banks just offers only 0.01% interest. On the other hand, many competitive … Read more
In the year 2026, earning good salary doesn’t means that you are financially secure. may be a professional earning $85,000 a year but still have a net worth of zero or even in negative after accounting for student loans, car payments, rent, and everyday expenses. There is a huge difference between from looking the financial … Read more