When you see an investment report on a 401(k), for example, it most often shows the average rate of return on funds over the last 40 years. Averages do not show the impact on retirement of periodic drops in value. Reports give averages over a long-range period of...
So why talk about the Erie Canal? Well, it serves to help illustrate a principle we teach in the Money Mastery program: “Money in motion creates more money.” Completed in 1825, the Erie Canal cut the cost of transporting goods westward by 95 percent. And it cut...
Excuse all the following numbers, but they are necessary to teach the method of how to pay off debts and use those debt payments to build a safe and secure tax-free income at retirement that you cannot outlive. Let me establish the basic information first, then I can...
What results do you want to get out of your money? Would you rather get a better return on your investment or the best possible life you can lead with the money you have available? Speaking from experience, I prefer the later. My focus in relation to what my money...
The following graph shows the impact of inflation on your purchasing power over the last 100 years. Should you worry about this? YES! If you had been retired 10 years and the following expenses all increased significantly, how would you adjust for losing one-eighth...
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