Posts from ‘May, 2008’

Unless Your Parents Were Wealthy, Don’t Do What They Did
Here’s a quick tip for today… Unless Your Parents Were Wealthy, Don’t Do What They Did
Too often we are given advice from non wealthy people about how to get wealthy. That’s like taking dietary advice from a glutton.
A quote by Einstein says that “the definition of [...]

Understanding Compounding Interest and Compounding Interest Calculation
When you borrow money from a bank, you pay interest. Interest is really a fee charged for borrowing the money, it is a percentage charged on the principle amount for a period of a year - but they often calculate it daily.
The same can be applied for investment. Compounding [...]

INVESTING is growing more complex by the day as we are bombarded with new products, new strategies and ever changing market conditions. However, if people follow a few simple rules, they can make sense of the confusion and enjoy success in the investing game.
Here are 10 of the best tips for financial intelligence.
Invest regularly
People should [...]

Cook your own meals… why?
 
1. It’s cheaper
2. It’s heathier
3. You’re learning new things
Now how many people at your office eat both breakfast and lunch at work? Sometimes dinner too!. Do the maths
Cost of eating out:
Breakfast: ($8.00/day) = $56.00/week
Lunch: ($8.00/day) = $56.00/week
Dinner: ($12.00/day) = $84.00/week
Breakfast: $2,680/year (365 minus 30 days of not eating out)
Lunch: $2,680/year (365 [...]