Saving Money

The Magic of Compound Interest

January 14, 2012
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In our example, we’re saying that you’re 30-years-old. By the time you’re 65, you will have saved $34,000.00. Now, $34,000.00 may not be enough to make you feel wealthy… but how about $91,734.56? That’s right. With the magic of compound interest, figured at a measly five percent (5%), the bank will have paid you...

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Saving Money

September 10, 2009
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What about saving money? You say you can’t afford it? Saving money in a safe place, like a simple savings account, Certificate of Deposit, IRAs and the like, is important for you to start right now. The median age of all the people in the United States is almost 34-years-old. Let’s say, for example,...

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