The Magic of Compound Interest

Albert Einstein said, “Compound interest is the eighth wonder of the world”.  The earlier you start saving, the more time your investment will have to grow, allowing the interest to compound over time. At 20 years old, if you maximize your contributions to a Roth IRA every year ($5,500), assuming an 8% return, by the age of 60 you would have $1.4 Million dollars. Yes MILLION. … Continue reading The Magic of Compound Interest

Easy Ways to Trim Your Budget

If you’re frugal like me, anything you’ve allowed yourself to buy can be exciting, such as ice-cream or a new name-brand candle. The little things truly do make you happy! **Before you buy ANYTHING (other than obvious fixed costs) say to yourself “Do I WANT this, or do I NEED this?” **  Most of the time you will learn that you don’t really NEED all that much. If you … Continue reading Easy Ways to Trim Your Budget