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The credit card companies are completely out of touch with the general public. They will find a way to raise your rates, regardless of how well you handle your finances. They are raising interest rates "across the board" thanks to Obama and Congress putting them on the hot seat… Read More »
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Question: Would you rather have a million dollars now or take a penny now and double the amount for 30 days?
compund interest
As expected, 90% of people chose the million dollars now option. I would have made this choice myself a few years ago. But this would have been the poorer choice, because you would have shortchanged yourself by over $4 Million at month-end. Don’t believe me? Look at penny table calculation on the right. The simple act of doubling your previous day’s investment can rapidly reap huge rewards thanks to the powerful concept known as compounding .
Now a 100% return every day is highly unlikely, but the principle of compounding holds true for even smaller returns (though it will take longer than a month to make your fortune). This is why compounding is a core aspect of good personal finance and the reason why the rich get richer. As outlined in a Kiplinger , when you're young, you have an asset money can't buy: TIME. Start saving now and turn pocket change into riches. Compound interest has been called the eighth wonder of the world. And with good reason. It magically turns a little bit of money, invested wisely, into a whole lot of cash. Even Albert Einstein is said to have called it one of the greatest mathematical concepts of our time. Read More »- Let’s talk: Comment (5) | Blog
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To take care of yourself, make sure you are taking these three steps. Read More »
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While today's low interest rates make it a great time to borrow money for purchases such as a home, tighter lending requirements mean that only those with high credit scores can qualify for these rates, or in some cases even qualify for a loan at all. If a low credit score…
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At Eagle Nationwide Mortgage Company, we know that each individual’s situation is unique. Our team of experienced and dedicated mortgage professionals will help you select the best fit for your particular mortgage financing needs. Offering fast… Read More »
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Hi my name is Sally,
I use to date a guy long ago, we keep in contact by online as we both live in 2 different states now, well whenever we do talk he always seems to be interested in my sex life and seems to ask if I f------ anyone? or sucking anyone dick? or having gang bang? and so... Read More »- Let’s talk: Comment (3) | Blog
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Everyone has dreams or "A Dream", what is yours?
What is stopping you? Read More »- Let’s talk: Comment (7) | Blog
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The film Zeitgeist: Addendum, has been tearing up the internet (and especially google) with it's hard-hitting attacks on the U.S. Federal Reserve. How does it stack up against objective opinions? Look and see. Read More »
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From What's outside(Physical) to the inside and stuff :p Read More »
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i have a great track record with my credit card company as far as paying my monthly on time. I'm never late, yet i noticed that my interest rate had gone way up to 25%. I called them and they said it was because of some negative reporting on my credit report....specifically a bill that i did not... Read More »
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