Financial Planning
Killer Investment: Domains
Many times when you acquire a great amount of wealth, people are looking for something to invest in. The typical replies are stocks, bonds, mutual funds, etc…
But here’s one thing that I’ll share that makes for the potential to make MILLIONS down the road.
In case you haven’t guessed by the title, I am talking about [...]
Lump Sum Settlements: Should You Take the Deal?
Once awarded a settlement in what ever capacity, there is sometimes the opportunity to defer payments or to take all the money at once. While it may seem like an obvious choice, let’s first consider some options. Please keep in mind that I am not an attorney or versed in law, so these are all [...]
The Rule of 72
The Rule of 72 is a formula used by investors to approximate when an investment, with a fixed annual interest rate (APR), will twofold. If you divide 72 by the APR, it’s possible to get an estimate of how many years it will take for your money to double.
Annual Percentage Rate
(APR)
Rule of 72 Estimate
1
72.00
2
36.00
3
24.00
4
18.00
5
14.40
6
12.00
7
10.29
8
9.00
9
8.00
10
7.20
11
6.55
12
6.00
13
5.54
14
5.14
15
4.80
16
4.50
17
4.24
18
4.00
19
3.79
20
3.60
30
2.40
40
1.80
50
1.44
Example
You invest [...]
Buying a House
Buying a house is probably the most important decision any family ever makes. The process involves making a series of choices that will influence not only where you live, buy how you live and how much money you’ll have to live on at the end of the month. Whether you’re buying your first house, buying [...]
Buying a Car
The first choice most people make when they decide to get a new car is whether or not the car has to be brand new. There are many advantages to buying a pre-owned vehicle, price being chieft among them. A car’s value declines substantially over time, so buying a car that’s just a year old [...]