Posts Tagged ‘compound interest’
What Will You Make of Your Millions?
$5.8 million. This is the number that you can expect to earn in a lifetime according to these conditions: Starting salary: $80,000 Age: 26 Retirement age: 65 % annual increase in income: 3% Of course, these numbers will vary WIDELY depending on your situation. Change any of these variables, and you will have different results.…
Read MoreSTAT Mode Vs. Preventive Money Mode: Which One Are You?
Practicing veterinary medicine feels a lot like you’re playing defense. The patient comes in with a problem. You use your skills to diagnose and treat the problem while taking into account the owner’s finances, owner compliance, and patient compliance. With each step, you are constantly vigilant, ready to respond to forces outside your control. When…
Read MoreSeeking Financial Advice Part 2
In Part 1, I discussed the first step before hiring a financial advisor: Dig deep and understand WHY you’re hiring them. Sounds so simple, but you would be surprised how often people choose financial advice without understanding how the industry really works. If you’re not clear about your own goals, you may find yourself wasting…
Read MoreDo Age And Gender Matter When It Comes To Money? A Tiller Survey
Coming off the heels of writing a post about setting financial goals for the new year, I came across this blog post by Tiller the same day. First of all, what’s Tiller? Tiller is a budgeting tool that automates your spreadsheets for you. Budgeting apps like Mint.com or YNAB.com have their own platforms for tracking…
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