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The “Rule of 72” and How it Works
The “Rule of 72” is actually a formula which can let you know either how long in years an investment will take to double at a specific rate or what rate of return you need for an investment to double over a specific timeframe. Essentially, if you know either an expected rate of return or a timeframe you hope your investment to double in, you can solve for the other value.
The 5 Essential Financial Accounts You Need and How Much to Contribute to Each
“5 Types of Financial Accounts which can help you in any financial strategy. Understanding these accounts is essential even if your financial position or goals change in the future. I’ll also explain how you can strategize contributions to these accounts in a medium to low risk way that can help you better reach your different financial goals. So let’s get into it!”
Should you Pay off your Mortgage Early?
“Congrats! You bought a house! That’s amazing! Of course, now you have this large debt burden hanging over your head for the next 15 to 30 years and you’re a little worried. You’ve considered trying to pay it off early but not sure that’s the best idea. Well, if you’re wondering if you should pay off your mortgage early, the answer is; it depends.”
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