The Rule of 72 is a formula for estimating how many years it will take for an investment to double in value with a given interest rate. The formula is simple enough and close enough to the computed value that you can use it for ballpark estimate with very little effort.[Read more...] about The Rule of 72 Calculator: How to Perform Compound Interest Calculations In Your Head
Investing
How to Invest Your First $1,000 and Double Your Money (In Time)
The hardest part of investing is learning how to get started. In this post, I go over exactly what I'd recommend to someone starting today with $1,000 to invest.[Read more...] about How to Invest Your First $1,000 and Double Your Money (In Time)
401k Rollover to an IRA – Why You Should Think Twice About It
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Minafi 2018 Q3 Fall Investment Report
A rundown on my investments, spending and finances over the last quarter. My investments were down 0.91% while my net worth was up 9.79%.[Read more...] about Minafi 2018 Q3 Fall Investment Report
How We Plan to Spend $80,000 a Year & Pay Nearly $0 Taxes
I'm always interested to hear how other people are minimizing their tax liability after retirement. Here is my personal strategy that we'll be using to reduce our taxes to nearly zero when we stop working. This approach sounds unrealistic, but you might be able to hit $0 in taxes too![Read more...] about How We Plan to Spend $80,000 a Year & Pay Nearly $0 Taxes
Why I Avoid Dividends Like the Plague
Dividends may seem like a free money, but if you're not prepared for it you'll be caught with an unexpected tax-burden at the end of the year. My own investing strategy relies on both reducing dividend in taxable accounts and embracing them tax-advantaged ones. This allocation helps to cut taxes to the bone.[Read more...] about Why I Avoid Dividends Like the Plague