I was always taught to listen closely to people who are much smarter than me. So when Albert Einstein, one of the greatest minds to ever walk planet Earth, is quoted as saying, “The most powerful force in the universe is compound interest,” I believe him. So what is compound interest, anyway? ... Views: 617
I anticipate that the title of this article will probably upset a few people, but please bear with me and continue reading. I am certainly a strong proponent of learning and education, as I myself am a college graduate in Chemical Engineering. However, the chief arguments I would like to present ... Views: 842
Starting when I was in college, I became interested in expanding my knowledge of finance and investing topics and began building a library of useful resources to help accomplish this task. Although these books presented solid information from cover to cover, most had one or two concepts that ... Views: 745
Many of us are aware that an emergency cash reserve is a necessary component to the implementation of a successful financial success system. This cash reserve is to be used for rare emergencies, such as a sudden job loss, a broken washing machine, or serious car accident. But what if I told ... Views: 722
There was a time when the word “dummy” had negative connotations. But with the advent of the “Dummy” book craze, I felt a title containing the phrase, “personal finance for dummy investors,” to be sort of endearing. It is certainly not meant to be insulting, but rather to point out certain ... Views: 841
In this article I would like to conduct a personal finance software review of the Quicken product offerings designed for personal use. There are several personal finance software products on the market that do wonderful jobs of helping families manage their finances, but I am most familiar with ... Views: 943
Most personal finance gurus continually stress the importance of budgeting for monitoring and modifying poor spending habits. However, I have noticed that most people who attempt to implement a family budget eventually give up on the activity, mainly because it takes the fun out of spending ... Views: 751
In many of my articles, I focus on young adults as my target audience. By young adults, I generally mean people between the ages of 18 and 35 years old. Why target this group? Quite simply, time is on their side when it comes to saving for retirement, and because of this fact, small changes ... Views: 1275