[ad_1] It is now evident that cryptocurrencies are not a fad. In fact, with the global crypto market now worth over $ 2 trillion, many financial advisers are telling young clients to allocate 1-5% of their portfolios to crypto. And the good news is that there is now a smart way to do it thanks […]
[ad_1] So you want Financial independence? Want your money to work for you? But how? Well, investing is definitely a great place to start. More specifically, investing in value. But how can we really grow wealth into a sum substantial enough to claim financial independence? The answer… using compound interest. The basic and boring definition […]
[ad_1] What is to invest? It is a common belief or story that saving is a way to invest for the future, which is not entirely true. While saving is the starting point for building up disposable income to explore various investment options, it is not in itself an investment. When you consider the time […]
[ad_1] Albert Einstein is said to have said: “Compound interest is the eighth wonder of the world. Whoever understands it wins it; whoever doesn’t, pays for it. (although we’re not sure he was the one who really said that.) As an investor, making your money work for you is the best way to increase your […]
Accrued interest is used when an investment pays a constant amount of interest, which can easily be prorated over short periods of time. Bonds are good examples of investments where accrued interest calculations are useful. Compound interest refers to an investment that earns interest which is then added to the principal balance, and the interest […]
You don’t make your money work for you – you just make someone else work for you iPhone assemblers diagnosed with leukemia in mysterious ‘clusters’ “Oooh, wow, the magic of compound interest!” says my childhood self. Just invest your money and it will magically grow year after year: At 8% over 10 years, $10,000 turns […]