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What Does Financial Freedom Mean to You?
What does financial freedom mean to you? A million dollars? No debt? Passive income? I share my definition of financial independence, come share yours!
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Automating your Finances
I’ve been thinking a bit about money lately (OK, I’m actually always thinking about money) and where I want to be in the future with my finances. Over the years I’ve really taken to automating my finances, whether it be bills, savings accounts or even investing in the future (retirement, long-term purchases and goals). The…
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Emotions Have No Place With Investing
Investing and emotions don’t belong together. They never have and they never will. In fact if you want a sure fire way to lose money while investing then by all means let your emotions make your decisions. However if you are in it for the long haul and just want to grow your wealth by…
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Build Wealth by Investing in Mutual Funds
Everyone wants to know what the next hot stock will be. What they all fail to realize is that investing isn’t about picking the right stocks at the right time. Investing isn’t sexy like those jerks on Wall Street portray it — in fact if you want to lose lots of money very quickly you…
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Starting on the Road to Wealth
I’ve heard it said that wealth is a state of mind. There may indeed be some truth behind that saying, but when you go by the book being wealthy means having money or other monetarily valuable possessions. Take the Joneses, your neighbors who seem to have everything. They may have a lot of material possessions……
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The Dividend Investor
You’ve likely heard the phrase, “cash is king.” To be sure cash is important, not only to companies but also to individuals. Without it we’re bankrupt and in a world of hurt. The dividend investor takes the phrase “cash is king” very literally. They invest a good majority of their portfolio in anything that pays…
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Why I’m Buying Shares Of GE
I don’t often disclose any of my investment decisions here on Debit versus Credit. With that being said I would like to disclose that I have made a small purchase of shares in GE. I wish I could make a larger investment (at least 100 shares), but at this point I’m in no position to…
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The Rule of 72
I’m a huge fan of math tricks, especially when it makes solving complex issues just a little bit easier. There’s a great trick that can be used to easily figure out how long it will take compounding interest to double your investment: it’s called The Rule of 72. This is an easy trick. You simply…
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Determining Your Future Return With A Fixed Income Investment
If you’ve ever wondered how much money you’ll have at the end of a certain amount of time after investing in a fixed-income investment then this formula will come in quite handy. It’s called the compound interest formula and is actually quite easy to work with. Future Return = P(1 + R)^T Don’t be intimidated…
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A Lesson On Compound Interest
Compound Interest Is The Most Powerful Force In The Universe. There is a good chance that you have heard this quote before. Any guesses on who it was that originally said it? If you guessed Albert Einstein then you are correct and you should absolutely reward yourself with something nice… maybe a cookie or some…
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Have You Made Your Financial Resolutions?
I spoke earlier about how it’s important to set personal finance goals. Today I’d like to expound on this idea a little. It’s absolutely important to sit down and make finance related goals, and what better time to do this than at the start of a new year? Of course if you’re going to sit…