“What’s the point in saving your hard-earned dollars if you don’t know what it’s for?” asks Ross Menke. “By visualizing that future experience, you’ll feel in real time what lies ahead.”Jonathan Clements explains:“To get started with visualization, write down your goals in great detail. Once your specific goals are established, write down how achieving those goals will make…
Day: February 9, 2019
Back to Basics: Compound Interest
Suppose you started with one penny on the first day of the month and then doubled it each day—to two cents, then four, then eight and so on.After 10 days, you’d have $5. After 20 days, you’d have $5,000 and, after 30 days, you’d have more than $5 million.Read the details in Jonathan Clements’ blog: https://humbledollar.com/2019/01/repeat-for-emphasis/…
Want to buy happiness?
Ross Menke’s five strategies:1. Help others,2. don’t let special treats become routine,3. favor experiences over possessions,4. hire others to do chores you hate, and5. pay now but consume later.Read Jonathan Clements’ advice at https://humbledollar.com/2019/01/spending-happily/ Source: Financial Planning for Women
Homeownership Reality
One of my favorite financial writers, Jonathan Clements, writes about “House Rules” in a recent blog post: “Real estate discussions almost invariably fall hostage to anecdotal evidence. We all know folks who supposedly made a mint in real estate, as well as people who lost their shirt. But forget the anecdotal evidence, and instead focus on statistics…