Below you will find a comprehensive list of financial concepts. These concepts will help you develop a better understanding of your own finances and provide a resource you can always refer back to.
The rule of 72 is a great tool for you to use to help understand how much compound interest can help accelerate your savings and double your money. It also helps to show the importance of starting to save for retirement as early as you can. If you can double your money every 10 years, the sooner you start the better
The debt stacking method is a debt repayment plan that will help you pay off your debt faster. You may find yourself weighed down by debt. Whether it’s credit card debt, student loans, car loans, personal loans, or your mortgage. Learning how to pay off debt, can remove the burden and stress that goes along with it. The Debt Stacking method helps you pay off your debt fast.
There is a high cost of waiting to Invest. There are many reasons people may wait to start investing. Some are justified for example; you may not have your future plans all laid out. Deciding if you will further your education, buy a home, have children, or other important life milestones and so sometimes delaying investing is natural.
Pay yourself first is an important financial concept because sometimes it is difficult to realize that saving money is essential. Especially when you feel you are not earning enough to put some money away. We will show you why it is worth putting money away now and pay yourself first even with a very modest income.
The theory of decreasing Responsibility came about because nobody plans to die early but unfortunately, it does happen. What happens when you fail to plan for the unexpected? It has devastating consequences for your loved ones. When you have a young family, children, and debts you have many financial responsibilities.