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KNOWLEDGEFINANCIAL.COM
KNOWLEDGEFINANCIAL.COM
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WHY YOU AREN’T RICH?
Many people assume they aren't rich because they don't earn enough money. If I only earned a little more, I could save
and invest better, they say, they don’t have a good education, they say they have too much responsibilities; Excuses,
Excuses, Excuses.
Many people assume they aren't rich because they don't earn enough money. If I only earned a little more, I could save
and invest better, they say, they don’t have a good education, they say they have too much responsibilities; Excuses,
Excuses, Excuses.
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UNDERSTAND THE RULE OF
72...knowledgefinancial.com
In finance, the rule of 72, the rule of 70 and the rule
of 69 are methods for estimating an investment's
doubling time. The number in the title is divided by
the interest percentage per period to obtain the
approximate number of periods (usually years)
required for doubling.
Using the rule to estimate compounding periods
To estimate the number of periods required to
double an original investment, divide the most
convenient "rule-quantity" by the expected growth
rate, expressed as a percentage.
For instance, if you were to invest $100 with
compounding interest at a rate of 9% per annum, the
rule of 72 gives 72/9 = 8 years required for the
investment to be worth $200; an exact calculation
gives 8.0432 years.
Choice of rule / knowledgefinancial.com
The value 72 is a convenient choice of numerator,
since it has many small divisors: 1, 2, 3, 4, 6, 8, 9,
and 12. It provides a good approximation for annual
compounding, and for compounding at typical rates
(from 6% to 10%). The approximations are less
accurate at higher interest rates.
For continuous compounding, 69 gives accurate
results for any rate, This is because ln(2) is about
69.3%; see derivation below. Since daily
compounding is close enough to continuous
compounding, for most purposes 69, 69.3 or 70 are
better than 72 for daily compounding. For lower
annual rates than those above, 69.3 would also be
more accurate than 72.
knowledgefinancial.com
72...knowledgefinancial.com
In finance, the rule of 72, the rule of 70 and the rule
of 69 are methods for estimating an investment's
doubling time. The number in the title is divided by
the interest percentage per period to obtain the
approximate number of periods (usually years)
required for doubling.
Using the rule to estimate compounding periods
To estimate the number of periods required to
double an original investment, divide the most
convenient "rule-quantity" by the expected growth
rate, expressed as a percentage.
For instance, if you were to invest $100 with
compounding interest at a rate of 9% per annum, the
rule of 72 gives 72/9 = 8 years required for the
investment to be worth $200; an exact calculation
gives 8.0432 years.
Choice of rule / knowledgefinancial.com
The value 72 is a convenient choice of numerator,
since it has many small divisors: 1, 2, 3, 4, 6, 8, 9,
and 12. It provides a good approximation for annual
compounding, and for compounding at typical rates
(from 6% to 10%). The approximations are less
accurate at higher interest rates.
For continuous compounding, 69 gives accurate
results for any rate, This is because ln(2) is about
69.3%; see derivation below. Since daily
compounding is close enough to continuous
compounding, for most purposes 69, 69.3 or 70 are
better than 72 for daily compounding. For lower
annual rates than those above, 69.3 would also be
more accurate than 72.
knowledgefinancial.com
| LEARN TO BE RICH! KNOWLEDGEFINANCIAL.COM TO CHANGE YOUR LIFE ECONOMICALLY: CHANGE YOUR MIND, CHANGE YOUR THINKING! THINK LIKE THE RICH THINK----Refuse to accept conventional thinking that actually “holds you back” LEARN WHAT THE RICH KNOW----They learn the way to succeed, they practice it; Why not you? DO WHAT THE RICH DO----They did it- And so can you? |
CHANGE YOUR MIND, CHANGE YOUR LIFE FOR A
COMPLETE FINANCIAL SUCCESS
COMPLETE FINANCIAL SUCCESS
Almost everyone I meet longs to be wealthy. But only a few are willing to do what it takes to become
truly rich. How about you? Are you a dreamer or a doer?. The people who are willing to get off the couch
and take action NOW WILL BE THE ONE WHO CONTROL THE WORLD FINANCING.
Take control of your financial future. Anyone can achieve financial freedom if they follow a proven
system
truly rich. How about you? Are you a dreamer or a doer?. The people who are willing to get off the couch
and take action NOW WILL BE THE ONE WHO CONTROL THE WORLD FINANCING.
Take control of your financial future. Anyone can achieve financial freedom if they follow a proven
system
..RICH GUIDE, WHY AREN'T RICH?
BUILDING FINANCIAL WEALTH, OBTAIN
FINANCIAL FREEDOM, BECOME A RICH
PERSON; YES YOU CAN...
..RULE OF 72: The compound interest and
financial success. Rule Of 72 is the most
important and simple rule of financial
success.
..MILLIONAIRE: How To Make Your First $1
Million? The Millionaire's Mindset
..FORTUNE: BEFORE INVESTING IN THE
STOCK MARKET LEARN THIS FIRST!...
..GOVERNMENT: Government's general
information; Local, State, and Federal.
Housing Finance Authority of Miami dade,
Monroe, Broward, and Palm Beach County
..EMPIRE: THE ABC's OF INVESTMENTS,
Ways to Save. THE TRIANGLE OF SUCCESS...
..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING TECHNIQUES
AND STRATEGIES TO FIND MONEY TO
INVEST! The Five C’s of Credit: LEARN MORE..
CREATIVE FINANCE CAN AND WILL MAKE
ALL THE DIFFERENCE WHEN AN INVESTOR
DECIDES TO INVEST IN REAL ESTATE...
..HOME INSPECTION: HOW TO GET THE BEST
OUT OF IT..
Top 10 home-buying mistakes to avoid!
HOW TO USE HOME INSPECTION REPORTS
TO NEGOTIATE SALE PRICE?...
...ACCOUNTING: The Basics of Accounting...
...TAXES: THE FUNDAMENTAL OF TAXES. THE
MORE YOU KNOW, THE LESS YOU PAY...
...ANALYTICS: Top 9 Real Estate Financial
Calculator Problems every investors should
know about...
BUILDING FINANCIAL WEALTH, OBTAIN
FINANCIAL FREEDOM, BECOME A RICH
PERSON; YES YOU CAN...
..RULE OF 72: The compound interest and
financial success. Rule Of 72 is the most
important and simple rule of financial
success.
..MILLIONAIRE: How To Make Your First $1
Million? The Millionaire's Mindset
..FORTUNE: BEFORE INVESTING IN THE
STOCK MARKET LEARN THIS FIRST!...
..GOVERNMENT: Government's general
information; Local, State, and Federal.
Housing Finance Authority of Miami dade,
Monroe, Broward, and Palm Beach County
..EMPIRE: THE ABC's OF INVESTMENTS,
Ways to Save. THE TRIANGLE OF SUCCESS...
..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING TECHNIQUES
AND STRATEGIES TO FIND MONEY TO
INVEST! The Five C’s of Credit: LEARN MORE..
CREATIVE FINANCE CAN AND WILL MAKE
ALL THE DIFFERENCE WHEN AN INVESTOR
DECIDES TO INVEST IN REAL ESTATE...
..HOME INSPECTION: HOW TO GET THE BEST
OUT OF IT..
Top 10 home-buying mistakes to avoid!
HOW TO USE HOME INSPECTION REPORTS
TO NEGOTIATE SALE PRICE?...
...ACCOUNTING: The Basics of Accounting...
...TAXES: THE FUNDAMENTAL OF TAXES. THE
MORE YOU KNOW, THE LESS YOU PAY...
...ANALYTICS: Top 9 Real Estate Financial
Calculator Problems every investors should
know about...
NSURANCE: WAYS TO MAKE MONEY & SAVE MONEY ON YOUR INSURANCE.
15 Insurance Policies You Don't Need
Five Insurance Policies Everyone Should Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long way
toward helping you safeguard your earning power and your possessions
THE IMPORTANCE OF INSURANCE IN SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
15 Insurance Policies You Don't Need
Five Insurance Policies Everyone Should Have
Protecting your most important assets is an important step in creating a
solid personal financial plan. The right insurance policies will go a long way
toward helping you safeguard your earning power and your possessions
THE IMPORTANCE OF INSURANCE IN SOMEONE'S LIFE!
Your Financial Plan; Insurance is an important element of any sound
financial plan
Different types of insurance protect you and your loved ones in different
ways against the cost of accidents, illness, disability, and death.
Compound Interest
What Does Compound Interest Mean?
Interest that accrues on the initial principal and the accumulated interest of
a principal deposit, loan or debt. Compounding of interest allows a principal
amount to grow at a faster rate than simple interest, which is calculated as
a percentage of only the principal amount.
KNOWLEDGE FINANCIAL explains Compound Interest
The more frequently interest is added to the principal, the faster the
principal grows and the higher the compound interest will be. The frequency
at which the interest is compounded is established at the initial stages of
securing the loan. Generally, interest tends to be calculated on an annual
basis, although other terms may be established at the time of the loan.
KNOWLEDGEFINANCIAL.COM
What Does Compound Interest Mean?
Interest that accrues on the initial principal and the accumulated interest of
a principal deposit, loan or debt. Compounding of interest allows a principal
amount to grow at a faster rate than simple interest, which is calculated as
a percentage of only the principal amount.
KNOWLEDGE FINANCIAL explains Compound Interest
The more frequently interest is added to the principal, the faster the
principal grows and the higher the compound interest will be. The frequency
at which the interest is compounded is established at the initial stages of
securing the loan. Generally, interest tends to be calculated on an annual
basis, although other terms may be established at the time of the loan.
KNOWLEDGEFINANCIAL.COM
Financial Education is Why the Rich are Getting
Excessively Richer -------- KNOWLEDGEFINANCIAL.COM
Your Financial Success Depends on What you Know About Money
Most people set out to get an education in hopes of getting a safe and
secure job and ultimately being able to provide for themselves and their
family. However, the education most people receive doesn’t actually teach
them what they need to know to be truly successful and in command of their
finances. Consider the three types of education:
---------------------------------------------
Academic Education
This is what we all have gone to school to learn. It is very important and
teaches us the foundation of how to read, write, learn and function in the
world.
---------------------------------------------------
Professional Education
This is what we learn to help us be successful in our careers. We may learn
this in college or trade school or the job. It is the information and skills we
need to be successful at our work.
--------------------------------------------------
Financial Education
This is the type of education that teaches us what we should be doing with
our money to be successful. In today’s world, financial education is crucial,
especially with the world economy in recession or depression. However, our
school systems don’t teach us about financial education and so most people
have never been taught what they need to know in order to take control of
their financial lives.
------------------------------------------------------------ KNOWLEDGEFINANCIAL.COM
THINK LIKE THE RICH THINK...
Thoughts drive behavior. Before you start down the path to financial
freedom, you must first understand how the rich think about money and how
it differs from the poor and middle-class way of thinking. Regardless of how
much money you make, you will end up right back where you started if you
don’t change your thoughts about money. Don’t let old habits get the best of
you and your finances.
Excessively Richer -------- KNOWLEDGEFINANCIAL.COM
Your Financial Success Depends on What you Know About Money
Most people set out to get an education in hopes of getting a safe and
secure job and ultimately being able to provide for themselves and their
family. However, the education most people receive doesn’t actually teach
them what they need to know to be truly successful and in command of their
finances. Consider the three types of education:
---------------------------------------------
Academic Education
This is what we all have gone to school to learn. It is very important and
teaches us the foundation of how to read, write, learn and function in the
world.
---------------------------------------------------
Professional Education
This is what we learn to help us be successful in our careers. We may learn
this in college or trade school or the job. It is the information and skills we
need to be successful at our work.
--------------------------------------------------
Financial Education
This is the type of education that teaches us what we should be doing with
our money to be successful. In today’s world, financial education is crucial,
especially with the world economy in recession or depression. However, our
school systems don’t teach us about financial education and so most people
have never been taught what they need to know in order to take control of
their financial lives.
------------------------------------------------------------ KNOWLEDGEFINANCIAL.COM
THINK LIKE THE RICH THINK...
Thoughts drive behavior. Before you start down the path to financial
freedom, you must first understand how the rich think about money and how
it differs from the poor and middle-class way of thinking. Regardless of how
much money you make, you will end up right back where you started if you
don’t change your thoughts about money. Don’t let old habits get the best of
you and your finances.
The Role of Money in Our Life
THE ARCHITECTURE OF PROSPERITY
KNOWLEDGEFINANCIAL.COM
Invest in Yourself
One of the greatest thinkers of our time was Buckminster Fuller, scientist,
writer, philosopher. He suggested that everyone quit their jobs and just go
home. And stay there until they fully understood what is and is not
necessary to do, what they are best suited for, most passionate to do, and
fulfilled in. Only then did he recommend that we return to work, bringing
those capacities and energies to the table, and even then doing only what is
truly necessary. If we did this, he felt, we would have a vastly improved
society.
THE ARCHITECTURE OF PROSPERITY
KNOWLEDGEFINANCIAL.COM
Invest in Yourself
One of the greatest thinkers of our time was Buckminster Fuller, scientist,
writer, philosopher. He suggested that everyone quit their jobs and just go
home. And stay there until they fully understood what is and is not
necessary to do, what they are best suited for, most passionate to do, and
fulfilled in. Only then did he recommend that we return to work, bringing
those capacities and energies to the table, and even then doing only what is
truly necessary. If we did this, he felt, we would have a vastly improved
society.
Here are 10 more possible reasons you
aren't rich: KNOWLEDGEFINANCIAL.COM
1-
You care what your car looks like: A car is a means of
transportation to get from one place to another, but many
people don't view it that way. Instead, they consider it a
reflection of themselves and spend money every two years or
so to impress others instead of driving the car for its entire
useful life and investing the money saved.
2-
You feel entitlement: If you believe you deserve to live a
certain lifestyle, have certain things and spend a certain
amount before you have earned to live that way, you will have
to borrow money. That large chunk of debt will keep you from
building wealth.
3-
You lack diversification: There is a reason one of the oldest
pieces of financial advice is to not keep all your eggs in a
single basket. Having a diversified investment portfolio
makes it much less likely that wealth will suddenly disappear.
4-
You started too late: The magic of compound interest works
best over long periods of time. If you find you're always saying
there will be time to save and invest in a couple more years,
you'll wake up one day to find retirement is just around the
corner and there is still nothing in your retirement account.
5-
You don't do what you enjoy: While your job doesn't
necessarily need to be your dream job, you need to enjoy it. If
you choose a job you don't like just for the money, you'll likely
spend all that extra cash trying to relieve the stress of doing
work you hate.
KNOWLEDGEFINANCIAL.COM
aren't rich: KNOWLEDGEFINANCIAL.COM
1-
You care what your car looks like: A car is a means of
transportation to get from one place to another, but many
people don't view it that way. Instead, they consider it a
reflection of themselves and spend money every two years or
so to impress others instead of driving the car for its entire
useful life and investing the money saved.
2-
You feel entitlement: If you believe you deserve to live a
certain lifestyle, have certain things and spend a certain
amount before you have earned to live that way, you will have
to borrow money. That large chunk of debt will keep you from
building wealth.
3-
You lack diversification: There is a reason one of the oldest
pieces of financial advice is to not keep all your eggs in a
single basket. Having a diversified investment portfolio
makes it much less likely that wealth will suddenly disappear.
4-
You started too late: The magic of compound interest works
best over long periods of time. If you find you're always saying
there will be time to save and invest in a couple more years,
you'll wake up one day to find retirement is just around the
corner and there is still nothing in your retirement account.
5-
You don't do what you enjoy: While your job doesn't
necessarily need to be your dream job, you need to enjoy it. If
you choose a job you don't like just for the money, you'll likely
spend all that extra cash trying to relieve the stress of doing
work you hate.
KNOWLEDGEFINANCIAL.COM
6- You don't like to learn: You may have assumed that once
you graduated from college, there was no need to study or
learn. That attitude might be enough to get you your first job
or keep you employed, but it will never make you rich. A
willingness to learn to improve your career and finances are
essential if you want to eventually become wealthy.
7-
You buy things you don't use: Take a look around your house,
in the closets, basement, attic and garage and see if there
are a lot of things you haven't used in the past year. If there
are, chances are that all those things you purchased were
wasted money that could have been used to increase your
net worth.
8-
You don't understand value: You buy things for any number
of reasons besides the value that the purchase brings to
you. This is not limited to those who feel the need to buy the
most expensive items, but can also apply to those who
always purchase the cheapest goods. Rarely are either the
best value, and it's only when you learn to purchase good
value that you have money left over to invest for your future.
9-
Your house is too big: When you buy a house that is bigger
than you can afford or need, you end up spending extra
money on longer debt payments, increased taxes, higher
upkeep and more things to fill it. Some people will try to
argue that the increased value of the house makes it a good
investment, but the truth is that unless you are willing to
downgrade your living standards, which most people are
not, it will never be a liquid asset or money that you can
ever use and enjoy.
10-
You fail to take advantage of opportunities: There has
probably been more than one occasion where you heard
about someone who has made it big and thought to yourself,
"I could have thought of that." There are plenty of
opportunities if you have the will and determination to keep
your eyes open.
KNOWLEDGEFINANCIAL.COM
you graduated from college, there was no need to study or
learn. That attitude might be enough to get you your first job
or keep you employed, but it will never make you rich. A
willingness to learn to improve your career and finances are
essential if you want to eventually become wealthy.
7-
You buy things you don't use: Take a look around your house,
in the closets, basement, attic and garage and see if there
are a lot of things you haven't used in the past year. If there
are, chances are that all those things you purchased were
wasted money that could have been used to increase your
net worth.
8-
You don't understand value: You buy things for any number
of reasons besides the value that the purchase brings to
you. This is not limited to those who feel the need to buy the
most expensive items, but can also apply to those who
always purchase the cheapest goods. Rarely are either the
best value, and it's only when you learn to purchase good
value that you have money left over to invest for your future.
9-
Your house is too big: When you buy a house that is bigger
than you can afford or need, you end up spending extra
money on longer debt payments, increased taxes, higher
upkeep and more things to fill it. Some people will try to
argue that the increased value of the house makes it a good
investment, but the truth is that unless you are willing to
downgrade your living standards, which most people are
not, it will never be a liquid asset or money that you can
ever use and enjoy.
10-
You fail to take advantage of opportunities: There has
probably been more than one occasion where you heard
about someone who has made it big and thought to yourself,
"I could have thought of that." There are plenty of
opportunities if you have the will and determination to keep
your eyes open.
KNOWLEDGEFINANCIAL.COM
LIFE INSURANCE CAN SAVE YOUR CREDIT, RESCUE
IT, PROTECT IT, INCREASE YOUR SCORE. WE HAVE
VALUABLE INFORMATION TO HELP YOU.
LEARN MORE...
INVESTING:--- INVESMENT: METHOD AND
TECHNIQUES TO INVEST IN TODAY'S MARKET FOR
A BETTER TOMORROW!
CREDIT REPORT:--- Consumer Credit Report: What's On
It? Your Access to Free Credit Reports. How do I get my
free online Credit Report?
SAVING MONEY:---SAVING MONEY IMPORTANT
TIPS... 66 WAYS TO SAVE MONEY
CREDIT INFO:--- REVEAL GUARDED SECRETS OF
AMERICAN CREDIT
SYSTEM. Your credit has to do with everything in life
today. Credit Repair: Self Help May Be Best.
MORTGAGE GENERAL INFORMATION:--- FLORIDA
REAL ESTATE FINANCING & REFINANCING,
MORTGAGE HOME LOANS...
ID-THEFT--- HOW TO PROTECT AND DEFEND
YOURSELF AGAINST IDENTITY THEFT? -----DETER,
DETECT AND DEFEND?
REAL ESTATE INFORMATION CENTER:--- Information
You'll Need to Succeed in Your Real Estate
Investments. MONEY MAKING MACHINE REAL
ESTATE INVESTMENT OPPORTUNITIES FOR ALL!..
CREDIT CARDS:--- Six Smart Credit Card Strategies.
Have a questions about credit cards? We have answers
the top ten most frequently asked credit card questions.
PROTECTION AGAINST IDENTITY THEFT:--- DEFEND
YOURSELF AGAINST IDENTITY THEFT; LEARN THE
IMPORTANT METHODS AND TECHNIQUES TO
RECOVER FROM ID THEFT!
CREDIT HELP:--- Understanding Your Debt Collection
Rights. LEARN THE REAL TRUTH ABOUT CREDIT
REPAIR! How to Use Your Credit Clout: Credit Laws That
are on Your Side?
BANKING FINANCE Knowledge:--- The more you know
the closer you are to accomplish great success.
CREDIT RATING:--- THE IMPORTANCE OF YOUR
CREDIT RATING. Tips to Improve or Maintain a High
Credit Score... Credit Card Fraud: 21 Tips to Protect
Yourself
TAXES:--- TAX KNOWLEDGE: MEANING TAX
SAVING, EQUAL
MORE MONEY FOR YOU! TAX SAVING,
TAX HELP: What to do if you Can’t Pay your Tax Bill?
How to Cut Your Property Taxes
GOVERNMENT:--- Government's general information;
Local, State, and Federal, and Housing Finance
Authority of Miami dade, Monroe, Broward, and Palm
Beach County.
THE BLOG:--- WHERE AND HOW TO FIND MONEY TO
INVEST IN REAL ESTATE? THE MOST LUCRATIVE,
SECURED PROFITABLE BUSINESS?
FINANCIAL HELP:--- FREE FINANCIAL ADVICE. WAYS
TO SAVE MONEY, TO MAKE MONEY, AND GET OUT
OF DEBT!
IT, PROTECT IT, INCREASE YOUR SCORE. WE HAVE
VALUABLE INFORMATION TO HELP YOU.
LEARN MORE...
INVESTING:--- INVESMENT: METHOD AND
TECHNIQUES TO INVEST IN TODAY'S MARKET FOR
A BETTER TOMORROW!
CREDIT REPORT:--- Consumer Credit Report: What's On
It? Your Access to Free Credit Reports. How do I get my
free online Credit Report?
SAVING MONEY:---SAVING MONEY IMPORTANT
TIPS... 66 WAYS TO SAVE MONEY
CREDIT INFO:--- REVEAL GUARDED SECRETS OF
AMERICAN CREDIT
SYSTEM. Your credit has to do with everything in life
today. Credit Repair: Self Help May Be Best.
MORTGAGE GENERAL INFORMATION:--- FLORIDA
REAL ESTATE FINANCING & REFINANCING,
MORTGAGE HOME LOANS...
ID-THEFT--- HOW TO PROTECT AND DEFEND
YOURSELF AGAINST IDENTITY THEFT? -----DETER,
DETECT AND DEFEND?
REAL ESTATE INFORMATION CENTER:--- Information
You'll Need to Succeed in Your Real Estate
Investments. MONEY MAKING MACHINE REAL
ESTATE INVESTMENT OPPORTUNITIES FOR ALL!..
CREDIT CARDS:--- Six Smart Credit Card Strategies.
Have a questions about credit cards? We have answers
the top ten most frequently asked credit card questions.
PROTECTION AGAINST IDENTITY THEFT:--- DEFEND
YOURSELF AGAINST IDENTITY THEFT; LEARN THE
IMPORTANT METHODS AND TECHNIQUES TO
RECOVER FROM ID THEFT!
CREDIT HELP:--- Understanding Your Debt Collection
Rights. LEARN THE REAL TRUTH ABOUT CREDIT
REPAIR! How to Use Your Credit Clout: Credit Laws That
are on Your Side?
BANKING FINANCE Knowledge:--- The more you know
the closer you are to accomplish great success.
CREDIT RATING:--- THE IMPORTANCE OF YOUR
CREDIT RATING. Tips to Improve or Maintain a High
Credit Score... Credit Card Fraud: 21 Tips to Protect
Yourself
TAXES:--- TAX KNOWLEDGE: MEANING TAX
SAVING, EQUAL
MORE MONEY FOR YOU! TAX SAVING,
TAX HELP: What to do if you Can’t Pay your Tax Bill?
How to Cut Your Property Taxes
GOVERNMENT:--- Government's general information;
Local, State, and Federal, and Housing Finance
Authority of Miami dade, Monroe, Broward, and Palm
Beach County.
THE BLOG:--- WHERE AND HOW TO FIND MONEY TO
INVEST IN REAL ESTATE? THE MOST LUCRATIVE,
SECURED PROFITABLE BUSINESS?
FINANCIAL HELP:--- FREE FINANCIAL ADVICE. WAYS
TO SAVE MONEY, TO MAKE MONEY, AND GET OUT
OF DEBT!
| Understanding the difference in attitudes between rich mentality and poor mentality – is essential to taking the first steps to financial freedom. KNOWLEDGEFINANCIAL.COM For a comprehensive look at how to battle the Poor mentality and adopt the Rich mentality state of mind, learn more about the tools we offer in this website to help you on your journey to financial freedom. |
...REAL ESTATE MARKET:
TODAY'S GREAT DEALS
FOR FIRST-TIME
HOME-BUYERS & FOR
EVERYONE AS NEVER SEEN
BEFORE! WONDERFUL
OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF
WEALTH...
TODAY'S GREAT DEALS
FOR FIRST-TIME
HOME-BUYERS & FOR
EVERYONE AS NEVER SEEN
BEFORE! WONDERFUL
OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF
WEALTH...
| ..REAL ESTATE MARKET: TODAY'S GREAT DEALS FOR FIRST-TIME HOME-BUYERS & FOR EVERYONE AS NEVER SEEN BEFORE! WONDERFUL OPPORTUNITY TO CREATE TREMENDOUS AMOUNT OF WEALTH... LEARN MORE HERE ... |
| ..State Insurance Departments for all 50 States.. REQUEST INSURANCE INFORMATION, PLACE A COMPLAINT, CHECK ON AN INSURANCE COMPANY, CHECK INSURANCE LICENSES, FIND QUALIFIED AGENTS, FIND LOCATION ETC. -- NSURANCE KNOWLEDGE LIFE INSURANCE ADVANTAGES, FEATURES AND BENEFITS WHILE ALIVE AND AFTER DEATH. Business Registration: State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. INSURANCE 101: EVERYTHING YOU NEED TO KNOW ABOUT INSURANCE. LEARN HOW WIN THE INSURANCE GAME... HOW TO SAVE MONEY ON YOUR INSURANC, And How to Understand Your Insurance Contract? |
| .. Life Insurance Advantages, Benefits, & Features While Alive and After Death... Learn More Here! ..GET A FREE INSURANCE QUOTE, Click Here! ..APPLY FOR: Grant Money, free Money From the U.S. Government. You May Qualify For Real Government Funding. Find Out What You Need to Know to APPLY.. ..Business Registration: State Business Entity Registration.. State Licenses and Permits . Steps to Registering a Business. Build A Business: Get The Investment and Insurance knowledge to help you start your own business. Be your own boss, make extra money, secure your financial future, obtain financial freedom. |
| BUYING, SELLING, LEASING A REAL STATE PROPERTY IN SOUTH FLORIDA IS THE AFFAIR OF A LICENSED REAL ESTATE PROFESSIONAL. CALL ANTONY AT: FOR A COMPLETE REAL ESTATE SERVICE! |
| TALK TO A FLORIDA LICENSED INSURANCE AGENT BY CALLING AT: 786-. TALK TO A FLORIDA LICENSED REAL ESTATE AGENT AT: 786- TALK TO A FLORIDA LICENSED MORTGAGE BROKER AT: 786- FOR REAL ESTATE FINANCING & REFINANCING. |
10 Tips To Get Out Of Debt--- KNOWLEDGEFINANCIAL.COM
Take control of your money and your life!
Cut Your Credit Cards and Set A Budget
Every family that finds themselves in debt should cut up all their credit
cards and live on a cash budget, keeping a log of each and every
expenditure made. Use the following formula to set a budget. Keep in
mind that the "life" category includes is everything from groceries, to
gadgets to entertainment. Housing: 35%, Debt: 15%, Life: 25%,
Transportation, 15%, Savings 10%.
Reduce Your Interest Rates.
KNOWLEDGEFINANCIAL.COM
Reducing your interest cost is one way to fast track your way out of debt.
Some people have interest rates as high as 30%, when they pay their
monthly minimum, all they're doing is paying off interest rather than
chipping away at the principal. By calling to negotiate with creditors, high
interest rates can be brought down. If you call and a representative says
they can't help you, ask to be connected to a supervisor until you get to
someone with the authority to reduce your rates.
Bring In Extra Money
Do anything you can to bring in extra money to throw at your debt, even if
you work a full time job. Consider overtime at work, dog walking, baby
sitting, tutoring, or using any skill that's unique to you to bring home the
bacon…some creative ideas we've seen on the show: web designing,
party planning, teaching music lessons and much, much more! ---
KNOWLEDGEFINANCIAL.COM
Get Your Priorities Straight
When deciding how to tackle debt and putting a plan in place to save for
the future, you have to consider all of your options. Ask yourself the
tough questions and prioritize…if going to grad school is important, then
maybe you can be a student but take on a part-time job. If having a child
is important, do you need to take a full maternity leave? Should you
consider buying a home - maybe renting is a smarter option? Make a list
of things you want to do and discuss them thoroughly with your partner
to help make the best decisions for you and your relationship.
Chip Away At The Debt
To reduce debt, make a list of every single debt that you have and rank
them in order of the highest interest rate, not the highest balance. Pay
off the highest interest rate card first. Every time you have extra money,
throw it at the debt you've targeted until it's gone and then stop using
that card! Reward yourself by making a checklist and crossing out the
debt, you'll feel better as you start to see it disappear. When your debt is
paid off, take the money you were allocating for debt repayment and put
it towards savings. KNOWLEDGEFINANCIAL.COM
Keep Things In Perspective
Getting out of debt isn't easy, but you have to remember that you cannot
let debt consume you and hurt your relationship. You and your partner
need to work through the debt together, making sacrifices but focusing
on what's important as well - your family and your relationship. Get a
babysitter and make time to do something special with your spouse so
you can remember why you fell in love, set time aside to do group
activities as a family to involve the kids as well. Don't let your debt get
the best of you.
KNOWLEDGEFINANCIAL.COM
Getting Out of Debt Doesn't Mean You Can't Ever
Spend Again.
When working your way out of debt you can still spend on things that are
important to you, you just need to plan and save for them. So for
example, if you're planning to get married, don't rush out and cancel your
wedding - re-think your wedding plans and see if there are cheaper
alternative ways to spend on what you want. If you really love to travel,
don't cancel your trip for the year, figure out a way to do it on a tighter
budget and save a little each month for it so you don't have to put it on
credit cards.
Stop Eating Out ---KNOWLEDGEFINANCIAL.COM
Eating out costs way more than buying food and cooking at home, not to
mention that the latter option is much healthier as well. Make cooking
dinner a family activity, something that can be done to together to make
the experience more enjoyable -- and when you're done cooking, sit
down and have dinner together, discuss the day's events and catch up.
Having dinner parties at home is also a way to cut down on
entertainment with friends. If you're planning a romantic dinner consider
taking the kids to their grandparents' and having dinner at home rather
than in a restaurant. If you're going to get together with friends, consider
the same thing. Remember, it's not about the food, it's about the
company.
Get Organized
When it comes to working your way out of debt it's all about organization
-- believe it or not getting your documents in order will help you pay down
your debt because it puts you in control. Organize your paperwork so
you know where every important document is and so that all documents
are easily accessible. Use a collapsible file folder, label the tabs clearly
and most importantly, do this with your spouse so you both understand
the system.
WWW.KNOWLEDGEFINANCIAL.COM
Take control of your money and your life!
Cut Your Credit Cards and Set A Budget
Every family that finds themselves in debt should cut up all their credit
cards and live on a cash budget, keeping a log of each and every
expenditure made. Use the following formula to set a budget. Keep in
mind that the "life" category includes is everything from groceries, to
gadgets to entertainment. Housing: 35%, Debt: 15%, Life: 25%,
Transportation, 15%, Savings 10%.
Reduce Your Interest Rates.
KNOWLEDGEFINANCIAL.COM
Reducing your interest cost is one way to fast track your way out of debt.
Some people have interest rates as high as 30%, when they pay their
monthly minimum, all they're doing is paying off interest rather than
chipping away at the principal. By calling to negotiate with creditors, high
interest rates can be brought down. If you call and a representative says
they can't help you, ask to be connected to a supervisor until you get to
someone with the authority to reduce your rates.
Bring In Extra Money
Do anything you can to bring in extra money to throw at your debt, even if
you work a full time job. Consider overtime at work, dog walking, baby
sitting, tutoring, or using any skill that's unique to you to bring home the
bacon…some creative ideas we've seen on the show: web designing,
party planning, teaching music lessons and much, much more! ---
KNOWLEDGEFINANCIAL.COM
Get Your Priorities Straight
When deciding how to tackle debt and putting a plan in place to save for
the future, you have to consider all of your options. Ask yourself the
tough questions and prioritize…if going to grad school is important, then
maybe you can be a student but take on a part-time job. If having a child
is important, do you need to take a full maternity leave? Should you
consider buying a home - maybe renting is a smarter option? Make a list
of things you want to do and discuss them thoroughly with your partner
to help make the best decisions for you and your relationship.
Chip Away At The Debt
To reduce debt, make a list of every single debt that you have and rank
them in order of the highest interest rate, not the highest balance. Pay
off the highest interest rate card first. Every time you have extra money,
throw it at the debt you've targeted until it's gone and then stop using
that card! Reward yourself by making a checklist and crossing out the
debt, you'll feel better as you start to see it disappear. When your debt is
paid off, take the money you were allocating for debt repayment and put
it towards savings. KNOWLEDGEFINANCIAL.COM
Keep Things In Perspective
Getting out of debt isn't easy, but you have to remember that you cannot
let debt consume you and hurt your relationship. You and your partner
need to work through the debt together, making sacrifices but focusing
on what's important as well - your family and your relationship. Get a
babysitter and make time to do something special with your spouse so
you can remember why you fell in love, set time aside to do group
activities as a family to involve the kids as well. Don't let your debt get
the best of you.
KNOWLEDGEFINANCIAL.COM
Getting Out of Debt Doesn't Mean You Can't Ever
Spend Again.
When working your way out of debt you can still spend on things that are
important to you, you just need to plan and save for them. So for
example, if you're planning to get married, don't rush out and cancel your
wedding - re-think your wedding plans and see if there are cheaper
alternative ways to spend on what you want. If you really love to travel,
don't cancel your trip for the year, figure out a way to do it on a tighter
budget and save a little each month for it so you don't have to put it on
credit cards.
Stop Eating Out ---KNOWLEDGEFINANCIAL.COM
Eating out costs way more than buying food and cooking at home, not to
mention that the latter option is much healthier as well. Make cooking
dinner a family activity, something that can be done to together to make
the experience more enjoyable -- and when you're done cooking, sit
down and have dinner together, discuss the day's events and catch up.
Having dinner parties at home is also a way to cut down on
entertainment with friends. If you're planning a romantic dinner consider
taking the kids to their grandparents' and having dinner at home rather
than in a restaurant. If you're going to get together with friends, consider
the same thing. Remember, it's not about the food, it's about the
company.
Get Organized
When it comes to working your way out of debt it's all about organization
-- believe it or not getting your documents in order will help you pay down
your debt because it puts you in control. Organize your paperwork so
you know where every important document is and so that all documents
are easily accessible. Use a collapsible file folder, label the tabs clearly
and most importantly, do this with your spouse so you both understand
the system.
WWW.KNOWLEDGEFINANCIAL.COM
Understanding The Time Value Of Money
What Is Time Value? KNOWLEDGEFINANCIAL.COM
If you're like most people, you would choose to receive the $10,000 now.
After all, three years is a long time to wait. Why would
any rational person defer payment into the future when he or she could
have the same amount of money now? For most of us,
taking the money in the present is just plain instinctive. So at the most
basic level, the time value of money demonstrates that,
all things being equal, it is better to have money now rather than later.
But why is this? A $100 bill has the same value as a $100 bill one year
from now, doesn't it? Actually, although the bill is the
same, you can do much more with the money if you have it now because
over time you can earn more interest on your money.
Back to our example: by receiving $10,000 today, you are poised to
increase the future value of your money by investing and
gaining interest over a period of time. For Option B, you don't have time on
your side, and the payment received in three years
would be your future value.
Time Value of Money (TVM)
What Does Time Value of Money (TVM) Mean?
The idea that money available at the present time is worth more than the
same amount in the future, due to its potential earning
capacity. This core principle of finance holds that, provided money can
earn interest, any amount of money is worth more the
sooner it is received. Also referred to as "present discounted
value".KNOWLEDGE FINANCIAL explains Time Value of Money
(TVM)
KNOWLEDGEFINANCIAL.COM
Everyone knows that money deposited in a savings account will earn
interest. Because of this universal fact, we would prefer
to receive money today rather than the same amount in the future.
For example, assuming a 5% interest rate, $100 invested today will be
worth $105 in one year ($100 multiplied by 1.05).
Conversely, $100 received one year from now is only worth $95.24 today
($100 divided by 1.05), assuming a 5% interest rate
What Is Time Value? KNOWLEDGEFINANCIAL.COM
If you're like most people, you would choose to receive the $10,000 now.
After all, three years is a long time to wait. Why would
any rational person defer payment into the future when he or she could
have the same amount of money now? For most of us,
taking the money in the present is just plain instinctive. So at the most
basic level, the time value of money demonstrates that,
all things being equal, it is better to have money now rather than later.
But why is this? A $100 bill has the same value as a $100 bill one year
from now, doesn't it? Actually, although the bill is the
same, you can do much more with the money if you have it now because
over time you can earn more interest on your money.
Back to our example: by receiving $10,000 today, you are poised to
increase the future value of your money by investing and
gaining interest over a period of time. For Option B, you don't have time on
your side, and the payment received in three years
would be your future value.
Time Value of Money (TVM)
What Does Time Value of Money (TVM) Mean?
The idea that money available at the present time is worth more than the
same amount in the future, due to its potential earning
capacity. This core principle of finance holds that, provided money can
earn interest, any amount of money is worth more the
sooner it is received. Also referred to as "present discounted
value".KNOWLEDGE FINANCIAL explains Time Value of Money
(TVM)
KNOWLEDGEFINANCIAL.COM
Everyone knows that money deposited in a savings account will earn
interest. Because of this universal fact, we would prefer
to receive money today rather than the same amount in the future.
For example, assuming a 5% interest rate, $100 invested today will be
worth $105 in one year ($100 multiplied by 1.05).
Conversely, $100 received one year from now is only worth $95.24 today
($100 divided by 1.05), assuming a 5% interest rate
FREE FINANCIAL ADVICE. WAYS TO SAVE
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Make Your Financial Life Easier
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AND FAILURE
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GETTING RICHER
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most out of every dollar. 8 Reasons to get
pre-qualified for a mortgage loan!
ESTATE PLANNING: Estate planning, is it
really the process of accumulating and
disposing of an estate to maximize the
goals of the estate owner to avoid probate,
to lower the tax?
Assets Protection: Don't Get Sued: Five Tips
To Protect Your Company! Types of Asset-
Protection Vehicles;
Many different strategies have been
developed over the years claiming to
protect assets. How to protect yourself
from...?
BUILDING WEALTH! How to Become
Wealthy?
Nine Truths That Can Set You on the Path to
Financial Freedom
FINANCIAL KNOWLEDGE: The Successful
Investment Journey, Ten Tips For The
Successful Long-Term Investor
FINANCIAL SYSTEM: AMERICA’S MONEY
CRISIS / Bailout 101.
LEARN ABOUT: Top 6 Biggest U.S.
Government Financial Bailouts In History!
2-LEARN ABOUT MARKET CRASHES
HISTORY. HOW AND WHEN?
3-LEARN ABOUT: THE UNITED STATE, AND
THE WORLD MOST IMPORTANT FINANCIAL
INSTITUTIONS!
4-LEARN ABOUT THE COMPLETE FINANCIAL
TURMOIL, THE CREDIT CRISIS!
BANKING & FINANCE / Knowledge Financial.
com; an educational, a life changing
website with great ideas of small business,
with important things to know about our
economy, and investment
INVESTMENT: MAKE YOURSELF RICHER BY
INVESTING THE RIGHT WAY IN THE RIGHT
PRODUCTS. REAL ESTATE INVESTMENTS
CAN HELP
STOCK MARKET: STOCK MARKET A WAY
TO INVEST AND MULTIPLY YOUR PROFITS.
THESE INDUSTRIES HAS THOUSANDS OF
COMPANIES TO BUY STOCKS FROM.
FOREX MARKET: THE LARGEST MARKET IN
THE WORLD TO INVEST AND GET RICHER IF
YOU USE THE RIGHT TOOL.
TAX CERTIFICATES: / TAX DEED: A BETTER
WAY TO INVEST MONEY AND GET RICHER.
TAX LIENS: How Can You Safely Earn 18% to
240% Per Year On Your Investments? Yes
you can... By investing in Government
Issued Tax Liens, Tax deed, Tax
Certificates.
REITs: REIT: Real Estate Investment Trust. A
GREAT WAY TO INVEST IN REAL ESTATE
WITHOUT TAKING A MORTGAGE LOAN
COMMERCIAL INVESTMENT. COMMERCIAL
REAL ESTATE; A BETTER WAY TO INVEST
AND GET RICHER! MULTI-WAYS TO WIN BIG
IN REAL ESTATE. WHAT IS COMMERCIAL
REAL ESTATE?
PENSION PLANS: THE ULTIMATE
RETIREMENT GUIDE; HOW TO RETIRE EARLY
AND RETIRE REACH. WHAT ARE 401K,
ROTH 401K, INDIVIDUAL 401K, 403B, 457
PLAN, THRIFT SAVINGS PLAN.
IDENTITY THEFT: WATCH OUT, STOP IT
FROM HAPPENING, GET THE TOOLS YOU
NEED TO PREVENT IT RIGHT HERE! AT
KNOWLEDGE FINANCIAL.COM
INSURANCE 101: THE IMPORTANCE OF
INSURANCE IN SOMEONE'S LIFE.
EVERYTHING YOU NEED TO KNOW ABOUT
INSURANCE; NOW IS YOUR CHANCE TO
KNOW HOW TO SAVE MONEY ON YOUR
INSURANCE! LEARN ABOUT THE 15
INSURANCE POLICIES YOU DON'T NEED!
MONEY, MAKE MONEY, AND GET OUT OF
DEBT!
PERSONAL FINANCE. What are you doing
with your money in the wake of the financial
crisis? --- Where is the safe place to put
money? My personal finance!
FINANCIAL FREEDOM: A SMARTEST WAY TO
PREPARE A BETTER FUTURE. Money-Making
Information You'll Need to Succeed
US ECONOMY, THE FINANCIAL SYSTEM, THE
CREDIT MARKET. WHAT'S GOING?
MONEY MANAGEMENT. Ten Resolutions to
Make Your Financial Life Easier
FINANCE: THE BANKING AND THE AMERICAN
FINANCIAL SYSTEM HISTORY, SUCCESS
AND FAILURE
SAVING MONEY: THE SECRETS OF SAVING;
WAYS TO SAVE A LOT OF MONEY AND
GETTING RICHER
IRA / INDIVIDUAL RETIREMENT ACCOUNT.
What is an IRA? And what does it matter?
SOCIAL SECURITY; THE ULTIMATE
RETIREMENT GUIDE. HOW DOES SOCIAL
SECURITY WORK?
FINANCIAL REPORT: How to bring your
spending under control, so that you get the
most out of every dollar. 8 Reasons to get
pre-qualified for a mortgage loan!
ESTATE PLANNING: Estate planning, is it
really the process of accumulating and
disposing of an estate to maximize the
goals of the estate owner to avoid probate,
to lower the tax?
Assets Protection: Don't Get Sued: Five Tips
To Protect Your Company! Types of Asset-
Protection Vehicles;
Many different strategies have been
developed over the years claiming to
protect assets. How to protect yourself
from...?
BUILDING WEALTH! How to Become
Wealthy?
Nine Truths That Can Set You on the Path to
Financial Freedom
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Investment Journey, Ten Tips For The
Successful Long-Term Investor
FINANCIAL SYSTEM: AMERICA’S MONEY
CRISIS / Bailout 101.
LEARN ABOUT: Top 6 Biggest U.S.
Government Financial Bailouts In History!
2-LEARN ABOUT MARKET CRASHES
HISTORY. HOW AND WHEN?
3-LEARN ABOUT: THE UNITED STATE, AND
THE WORLD MOST IMPORTANT FINANCIAL
INSTITUTIONS!
4-LEARN ABOUT THE COMPLETE FINANCIAL
TURMOIL, THE CREDIT CRISIS!
BANKING & FINANCE / Knowledge Financial.
com; an educational, a life changing
website with great ideas of small business,
with important things to know about our
economy, and investment
INVESTMENT: MAKE YOURSELF RICHER BY
INVESTING THE RIGHT WAY IN THE RIGHT
PRODUCTS. REAL ESTATE INVESTMENTS
CAN HELP
STOCK MARKET: STOCK MARKET A WAY
TO INVEST AND MULTIPLY YOUR PROFITS.
THESE INDUSTRIES HAS THOUSANDS OF
COMPANIES TO BUY STOCKS FROM.
FOREX MARKET: THE LARGEST MARKET IN
THE WORLD TO INVEST AND GET RICHER IF
YOU USE THE RIGHT TOOL.
TAX CERTIFICATES: / TAX DEED: A BETTER
WAY TO INVEST MONEY AND GET RICHER.
TAX LIENS: How Can You Safely Earn 18% to
240% Per Year On Your Investments? Yes
you can... By investing in Government
Issued Tax Liens, Tax deed, Tax
Certificates.
REITs: REIT: Real Estate Investment Trust. A
GREAT WAY TO INVEST IN REAL ESTATE
WITHOUT TAKING A MORTGAGE LOAN
COMMERCIAL INVESTMENT. COMMERCIAL
REAL ESTATE; A BETTER WAY TO INVEST
AND GET RICHER! MULTI-WAYS TO WIN BIG
IN REAL ESTATE. WHAT IS COMMERCIAL
REAL ESTATE?
PENSION PLANS: THE ULTIMATE
RETIREMENT GUIDE; HOW TO RETIRE EARLY
AND RETIRE REACH. WHAT ARE 401K,
ROTH 401K, INDIVIDUAL 401K, 403B, 457
PLAN, THRIFT SAVINGS PLAN.
IDENTITY THEFT: WATCH OUT, STOP IT
FROM HAPPENING, GET THE TOOLS YOU
NEED TO PREVENT IT RIGHT HERE! AT
KNOWLEDGE FINANCIAL.COM
INSURANCE 101: THE IMPORTANCE OF
INSURANCE IN SOMEONE'S LIFE.
EVERYTHING YOU NEED TO KNOW ABOUT
INSURANCE; NOW IS YOUR CHANCE TO
KNOW HOW TO SAVE MONEY ON YOUR
INSURANCE! LEARN ABOUT THE 15
INSURANCE POLICIES YOU DON'T NEED!
An alternative is the Rule of 69 , which is used for daily or
continuous compounding. But part of the attraction of
the Rule of 72 is the large number of small whole divisors of 72: 2, 3, 4, 6,
8, 9, 12, 18, 24 and 36. This makes it easier to
use.
KNOWLEDGEFINANCIAL.COM
Yet another alternative is the Rule of 70 , which calculates the number of
years for an inflation rate to cause the value of
an investment to drop in half, by dividing the inflation rate into 70. Thus it
will take 70/2 = 35 years for an inflation rate of 2%
to cut the value of an investment in half.
The Rule of 120 works reasonably well for calculating the time to triple an
investment. 114 or 115 would be more
accurate, but not nearly as divisible. The Rule of 144 works well for
calculating the time to quadruple an investment. It is
simply double the Rule of 72.
Another useful heuristic can calculate a slight underestimate of the total
interest paid on an amortized loan with a level
payment. Multiply the initial loan balance by the interest rate and the term
of the loan, and divide the result by 2. For
example, a $10,000 loan with a 4% interest rate and 10 year term would
yield total payments of $10,000 * 4% * 10 / 2 =
$2,000, just slightly under the actual result of $2,149. The actual result will
always be higher because this is a linear
approximation of the amortization curve, which is a convex curve.
The Rule Of 72
Compound Interest
Financial Success KNOWLEDGEFINANCIAL.COM
The compound interest and financial success Rule Of 72 is the most
important and simple rule of financial success.
It takes two minutes and costs nothing to learn the Rule Of 72. Gain
financial success faster when you command the
power of compound interest, instead of allowing compound interest to
enslave you.
The Rule Of 72 should be taught in every school. Every young person
should understand compound interest and the
simple secret to financial success, before they begin earning, investing
and spending
Compound Interest
What Does Compound Interest Mean?
Interest that accrues on the initial principal and the accumulated interest
of a principal deposit, loan or debt.
Compounding of interest allows a principal amount to grow at a faster
rate than simple interest, which is calculated as a
percentage of only the principal amount.
KNOWLEDGE FINANCIAL explains Compound Interest
The more frequently interest is added to the principal, the faster the
principal grows and the higher the compound interest
will be. The frequency at which the interest is compounded is established
at the initial stages of securing the loan.
Generally, interest tends to be calculated on an annual basis, although
other terms may be established at the time of the
loan.
KNOWLEDGEFINANCIAL.COM
continuous compounding. But part of the attraction of
the Rule of 72 is the large number of small whole divisors of 72: 2, 3, 4, 6,
8, 9, 12, 18, 24 and 36. This makes it easier to
use.
KNOWLEDGEFINANCIAL.COM
Yet another alternative is the Rule of 70 , which calculates the number of
years for an inflation rate to cause the value of
an investment to drop in half, by dividing the inflation rate into 70. Thus it
will take 70/2 = 35 years for an inflation rate of 2%
to cut the value of an investment in half.
The Rule of 120 works reasonably well for calculating the time to triple an
investment. 114 or 115 would be more
accurate, but not nearly as divisible. The Rule of 144 works well for
calculating the time to quadruple an investment. It is
simply double the Rule of 72.
Another useful heuristic can calculate a slight underestimate of the total
interest paid on an amortized loan with a level
payment. Multiply the initial loan balance by the interest rate and the term
of the loan, and divide the result by 2. For
example, a $10,000 loan with a 4% interest rate and 10 year term would
yield total payments of $10,000 * 4% * 10 / 2 =
$2,000, just slightly under the actual result of $2,149. The actual result will
always be higher because this is a linear
approximation of the amortization curve, which is a convex curve.
The Rule Of 72
Compound Interest
Financial Success KNOWLEDGEFINANCIAL.COM
The compound interest and financial success Rule Of 72 is the most
important and simple rule of financial success.
It takes two minutes and costs nothing to learn the Rule Of 72. Gain
financial success faster when you command the
power of compound interest, instead of allowing compound interest to
enslave you.
The Rule Of 72 should be taught in every school. Every young person
should understand compound interest and the
simple secret to financial success, before they begin earning, investing
and spending
Compound Interest
What Does Compound Interest Mean?
Interest that accrues on the initial principal and the accumulated interest
of a principal deposit, loan or debt.
Compounding of interest allows a principal amount to grow at a faster
rate than simple interest, which is calculated as a
percentage of only the principal amount.
KNOWLEDGE FINANCIAL explains Compound Interest
The more frequently interest is added to the principal, the faster the
principal grows and the higher the compound interest
will be. The frequency at which the interest is compounded is established
at the initial stages of securing the loan.
Generally, interest tends to be calculated on an annual basis, although
other terms may be established at the time of the
loan.
KNOWLEDGEFINANCIAL.COM
-- SOUTH FLORIDA REAL ESTATE INVESTMENTS.
---
FIVE IMPORTANT THINGS EVERY REAL ESTATE
INVESTOR SHOULD KNOW ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS AND SELLERS...
--- REAL ESTATE INVESTMENTS: WHY INVESTING
IN REAL ESTATE TODAY IS A GOOD IDEA FOR
FIRST TIME HOME-BUYERS AND FOR EVERYONE?
---... Federal Housing Administration {FHA}
Mortgage Loan Programs Information Center.
Help for America's Homeowners! How to make
your home affordable?
--- ...REAL ESTATE ADVANTAGE AND GREAT
OPPORTUNITY FOR FIRST TIME HOME-BUYERS IN
SOUTH FLORIDA! ———
-- FIRST TIME HOME-BUYERS. METHODS,
TECHNIQUES, AND STRATEGIES TO SUCCEED --
THE MOST IMPORTANT INFORMATION FOR FIRST
TIME BUYERS...
--- INVESTMENT GENERAL KNOWLEDGE AND
FINANCING STRATEGY...
INVEST NOW AND GET RICHER LATER. INVEST
YOUR MONEY TODAY AND GET RICHER
TOMORROW
--- REAL ESTATE FINANCING: WHERE AND HOW
TO FIND MONEY TO INVEST IN REAL ESTATE?
Bringing the Dream of Home-ownership Within
Reach... THE DREAM NOW CAN BECOME A
REALITY.
--- SOUTH FLORIDA REAL ESTATE INVESTMENTS.
---
FIVE IMPORTANT THINGS EVERY REAL ESTATE
INVESTOR SHOULD KNOW ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS AND SELLERS...
--- NSP --- Neighborhood Stabilization Program
Neighborhood Stabilization Program: HUD's new
Neighborhood Stabilization Program provides
emergency assistance to state and local
governments to...
---... HOME-BUYER'S TAX CREDIT, ASSISTANCE
WITH DOWN-PAYMENT AND CLOSING COST.
{FLHOP} FLORIDA HOUSING OPPORTUNITY
PROGRAM. Utilizing home buyer tax credit to
assist at closing
--- What are the advantages of commercial
property investment?
--- REAL ESTATE ADVANTAGE AND GREAT
OPPORTUNITY FOR EVERYONE. LEARN MORE...
--- How to Step Up and Build Wealth by Investing
in Commercial Real Estate?
---
FIVE IMPORTANT THINGS EVERY REAL ESTATE
INVESTOR SHOULD KNOW ABOUT?... ATTENTION,
ATTENTION HOME-BUYERS AND SELLERS...
--- REAL ESTATE INVESTMENTS: WHY INVESTING
IN REAL ESTATE TODAY IS A GOOD IDEA FOR
FIRST TIME HOME-BUYERS AND FOR EVERYONE?
---... Federal Housing Administration {FHA}
Mortgage Loan Programs Information Center.
Help for America's Homeowners! How to make
your home affordable?
--- ...REAL ESTATE ADVANTAGE AND GREAT
OPPORTUNITY FOR FIRST TIME HOME-BUYERS IN
SOUTH FLORIDA! ———
-- FIRST TIME HOME-BUYERS. METHODS,
TECHNIQUES, AND STRATEGIES TO SUCCEED --
THE MOST IMPORTANT INFORMATION FOR FIRST
TIME BUYERS...
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| ..TERM INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the difference. .. INVESTMENT PRODUCTS: Investing & Money Management Basics. FINANCIAL SOLUTIONS, TOOLS & RESOURCES. LEARN MORE... INSURANCE PRODUCTS: How to make profits with the insurance companies? |
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'' Banking And Finance ''
'' Investing Basic ''
'' Investing In Stocks ''
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'' Free Credit Report ''
'' Investing Basic ''
'' Investing In Stocks ''
'' Investing In Mutual Funds ''
'' Investing In Index Funds ''
'' Investing For Retirement ''
'' Investing In Insurance ''
'' Investing In Bonds ''
'' Investing In Residential Real
Estate''
'' Investing In Commercial Real
Estate''
'' Investing In Tax Lien
Certificates ''
'' Investing In Forex Market ''
'' Accounting Basic ''
'' Personal Finance ''
'' Fortune Builder ''
'' Wall Street Market Millionaire ''
'' 101 Ways To Make Money ''
'' Retirement Planning ''
'' IRA's - 401k's - Pension Plan ''
'' Life Insurance ''
'' Business Start Up ''
'' Business Blogs ''
'' Investing Blogs
'' Financial Blogs''
'' Financial Literacy ''
'' Money Management ''
'' American Dollar ''
'' Millionaire Mind Set ''
'' Earned Income''
'' Passive Income ''
'' Portfolio Income ''
'' Residual Income ''
'' Free Credit Report ''
