Compound interest is like a superpower: It can be used for either good or evil. The sentiment can be summed up in a famous quote by Albert Einstein, “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” Money Stacking
Newcomers to investing have enjoyed a long period of largely uninterrupted gains. They may not be as familiar with the inevitably volatile market that more experienced investors have endured. Stock Market Volatility For the less experienced, a volatile market refers to times when the common ups and downs in the
While past performance does not guarantee how a stock will perform in the future, many of the fundamentals that led to a healthy stock market in 2019 remain in place for 2020. Consumer spending, job growth, increased borrowing, decreasing trade tensions and corporate spending/investment are all fueling optimism about stocks
As I was talking with one my hippie clients – I lovingly call her a hippie because she’s a vegan, doesn’t drive, and is an advocate for climate change – she made very clear to me that her portfolio must not contain any oil, gas or coal companies, as they
With all the global tragedies we’re experiencing as a result of climate change – wildfires in Australia and California, extreme weather across every continent – there has never been a better time to consider the consequences of our environmental footprint on this planet. On an individual basis, many people are
There is nothing that the stock market hates more than uncertainty. When news broke about the coronavirus, a dip in the markets followed almost immediately after. So did the financial headlines which were full of words such as “would,” “could” and “might” in relation to the potential impact of this
One of the most effective ways to increase your net worth is by making investments that provide passive income. For those who invest in the stock market, that means finding an equity that pays out a dividend. Investing in dividend stocks is one of the key strategies used by arguably
While many of us cherish our homes as more than a piggy bank or a financial investment, the truth is, there are tax advantages to owning a home. One of those advantages is the tax write-offs that we can use each year. Are Home Improvements Tax Deductible? The answer is
Congratulations! If you’re reading this because you have your first $10,000 to invest, you are already far ahead of the average American, who has a mere $4,830 in their savings account (according to a study by MagnifyMoney). Give yourself a pat on the back for being above average, but know
Timing is everything – especially in business. Once the calendar flips to December, it’s time to strategize any end-of-the-year opportunities that can lower your taxes. Here are several ways to reduce your taxable income by being strategic about your expenditures.
