Build wealth by paying yourself first! Take a paycut and invest this money for your future.
I have just read a great post over at Plonkee. Plonkee talks about the need to effectively put your investment strategy on “auto-pilot” – with money being dripped into stakeholder pensions and Stocks and Shares ISA’s on a regular basis.
They key with any long-term investment strategy is to start as soon as possible – tomorrow is too late!
Anyone who is committed to increasing their personal wealth would be strongly recommended to buy a financial calculator.
I bought my first financial calculator when I was at University some 18 years ago, it was a Hewlett Packlard 10B Business Calculator, and I still use it today. The model has been updated now – Hewlett Packard 10BII – but the new model still offers the same great facilities I have come to know and love.
In this new feature we will answer some of the many questions we have been receiving from visitors to shrewdcookie.com. It is often said that if you ask a question chances are that many other people also want to ask that very same question.
Although we receive a large number of personal questions we have to remind you that we do not give financial advice on this website – we encourage you to visit an independent financial adviser, solicitor or accountant if you wish to discuss any particular course of action which may be prompted by an article you read on our site.
Saving for income in retirement can be a daunting thought for most people. The problem they face is that they simply don’t know how much they need to save between now and retirement.
In this article we consider the time value of money, and in particular, the benefits to be enjoyed from “compound growth”.
The Rule of 72 is a great way to help plan for the future. It is a quick and easy method for calculating the impact that growth and inflation can have on your money and other investments.
The rule can be applied to investments where the investor is enjoying compound growth. Compound growth, in its simplest terms applies in cases were “money makes money”.