The magic of compound interest, oh the MAGIC. Before I get overly excited let’s talk about the differences between simple and compound interest. Most people are familiar with simple interest. Let’s say you deposit $1,000 into an account earning 2% in simple interest. With a 2% interest…
It was an incredible year in the stock market. In 2017, the DOW increased by over 24%, the S&P 500 grew by 19% and NASDAQ was up 28%. I can hardly believe it, in a little over 13 months our investment accounts have increased by $125,000…
When I started on my personal finance journey, I couldn’t help but repeat these words, “If only I had known.” All of the information that I was learning: the importance of the stock market, index funds, passive investing and most importantly the power of compound interest…
“Do not save what is left after spending but spend what is left after saving.” -Warren Buffet In Mr. Money Moustache’s article “The Shockingly Simple Math Behind Early Retirement,” MMM makes it fairly simple to understand how people retire early. Perhaps, I’ll say it this way, spend less…
“In $8,000 head north for 120 months.” This is what our financial navigational system would have sounded like when we started our journey back in early 2016. After looking at our finances, we knew that first thing was first. “Get out of debt!” Although in our minds we didn…
