Saving money from what we make is the arguably the most reliable way to build wealth. Your savings form the base. Any investment gains are built on top of those savings. If you don't have a base, you won't have much investment gains. There's an [...]
Is Home Mortgage Simple Interest Or Compound Interest?
I had a good chuckle while reading this epic discussion thread on the Bogleheads Investment Forum: Does a home mortgage use Simple or Compound Interest? It sounds a like factual question, as in "Is Miami located to the north or south of [...]
Savings Secured Loan: Good Or Not?
I received an interesting offer in the mail from my credit union. It's for a savings secured loan. The credit union offers to give me a loan if I pledge an equal amount in my savings account as collateral for the loan. If I pledge $10,000, they will [...]
