Tag Archives: time value of money

In it for the long haul – no short-term miracles in wealth creation

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!

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7 Changes I’ve Made to Save the Planet and Me Some Money

At the start of 2009 I made a pact with myself that this year I would make as much effort as possible to change my lifestyle for the benefit of the environment as well as putting more money in my pocket.

Here’s what I have managed to do so far:-

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Top 10 Personal Finance Articles – August 2009

The following is a list of the top 10 read articles in August.

1. Pay Yourself First – the first step in wealth creation

This article discusses the need to save from income before spending it! This is a form of deferred consumption and by saving first and then spending what is left you can build a solid foundation to your financial future.

Tip – aim to start saving 10% of net income each and every month – it won’t be easy at first but your budget and lifestyle will adapt over time.

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Buy a Financial Calculator

Buy a Financial Calculator

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.

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Top 10 Articles – June 2009

The following is a list of the top ten articles visited in June 2009.

1. Pay Yourself First – the first step in wealth creation

Those who save first then spend invariably end up better off than those who spend first and save what is left.

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Personal Finance Questions – April 2009

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.

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Demonstrating compound interest on regular savings over time

It’s not how much you save, but how long

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”.

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The Rule of 72 – The Time Value of Money

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”.

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