Time Is Your Most Valuable Resource

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I just read an article from my friend Mr. 1500 about what “Enough” means in life, and it got me thinking about what is truly valuable in my own life. Once my family is clothed, sheltered and fed, the most valuable resource to me is Time. We only get a finite amount of time in…

How Much Money Do You Actually Need to Retire?

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Have you ever plugged your information into a retirement calculator on a site like Fidelity.com?  If you have, you’ll find their starting point for your retirement income is your current income, which I suppose makes sense if you’re one of the vast majority of people who spends every last dollar you earn. In that case…

The Miracle of Compound Interest

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Albert Einstein is widely reported as having made the statement, “The most powerful force in the universe is compound interest,” and after looking at the math behind this concept, I definitely agree with him. Definition Wikipedia defined the concept of compound interest as elegantly as I’ve seen:  “Compound interest arises when interest is added to…

Net Worth Tracking – 2nd Quarter 2013

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The 2nd quarter of 2013 came to a close yesterday and one of the things we strongly suggest is for you to start tracking your net worth each quarter.  Once you have the tracking spreadsheet setup, it should take you about 10 minutes each quarter to login to each account and write down your current…

What is Net Worth and Why is it Important?

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 The technical definition of net worth is your total assets minus your total liabilities.  We think it’s larger than just that mere definition though; it really is the most important way to look at your finances and your financial health. Here’s an example:  Everyone always talks about the return on investment you’ll get if you…