Archive for May, 2007
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Planning your Purchases Far, Far in Advance
As Compounding Interest Week continues, I’d like to highlight some very smart thinking by No Credit Needed. He’s planning his next car purchase now and saving money each month for it in a high-interest savings account. By using the interest that he’s making on top of the savings he’ll be paying $7800 for what is [...]
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Compound Interest Week: Real Interest Rates of the Stock Market
Yesterday we learned that the real interest rate of return on high-interest savings accounts is low – a really low 2%. We found that it would take 35 years for money to double at that percentage. Today, I’d like to look at real interest rates of the stock market. I used to say that the [...]
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Top 5 Paths to a Million Dollars
Even though it has lost a lot of buying power over the years, many people consider having a net worth of a million dollars a significant achievement. Today, I’d like to examine some of the common ways that people become millionaires. 5. Marry Rich – This was the route that brought Anna Nicole Smith much [...]
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Compound Interest Week: Real Interest Rates of High-Interest Saving Accounts
On Monday we learned about how long it took to double your money at various interest rates. Yesterday, we learned that in order to come up with the real rate of return we need to subtract inflation. Personal Finance bloggers love to write about about high-interest savings accounts. As of today, interest rates range from [...]
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Miscellaneous Articles to Read this Week and An Announcement
I wanted to call your attention to a few things this week: My Top Ten Ways Personal Finance Blogging has Helped Me theme has started to pick up steam. Read why others blog about personal finance. I answered a Money Question about online savings accounts. Other bloggers answered it better than I as there was [...]
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Compound Interest Week: The Real Rate of Return
Yesterday we learned some interesting math about doubling your money. In the end, we played with some unrealistic returns such as 17%-20% interest rates and the astronomical numbers that can result. Unfortunately, it’s not quite as easy as invest, wait, and cash in $300 million dollars. Every year, the price of the things you buy [...]
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Compound Interest Week: An Introduction
A lot of personal finance bloggers write about compound interest. I have written about it myself in the past. This week, I’d like to cover compound interest in more detail than I have in the past. I hope to cover some new ground in this area and/or put a little twist on the topic. I [...]
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Weekend Personal Finance Review
Here are a few articles that I liked this week: The Binary Dollar asks the age old question, is it better to Rent or Own. Matt mentions that owning a home is part of the “American Dream.” Makes me wonder if terminology like that is leading people to take mortgages that they can’t afford. Sun [...]
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Weekly Financial Review #17
Here are some of the things that went on financially in my life this week: I was included in the Carnival of Shopping. Check it out if you get a chance. I paid off $2000 of my home equity line of credit leaving me with under $9000 to go. I’m ramping up my writings at [...]
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Top Ten Ways Personal Finance Blogging has Helped Me
10. I make money from advertising. Let’s get this obvious one out of the way. I do make some money and it’s almost to the point where it might start to match that of a part-time minimum wage job. However, I won’t be quitting my day job any time soon. 9. Running this blog is [...]
