Path to Early Financial Independence
Now that we have an understanding of how compound interest works, let’s take a look at another important topic, Compound Annual Growth Rate (CAGR). CAGR is not the actual growth rate of the investment, but a rate that [click to continue…]
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According to Albert Einstein, “compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” So, what exactly makes compound interest so powerful, and why should you care? Compound interest is often [click to continue…]
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If you are anything like me, chances are good you accumulated your fair share of paper textbooks during your time in university. If you are even more like [click to continue…]
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Financial Independence is something that can have an entirely different meaning for one person to the next. One individual might wish to achieve this status so they no longer have to subject themselves to the [click to continue…]
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A New Year and a new blog! Let’s get 2012 off to a good start. I am going to start listing my expenses, and hopefully this monthly routine [click to continue…]
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So, the path to reaching early financial independence must typically go through an employer of some sort. Well, at least for those of us who didn’t start our own company, receive a substantial inheritance, etc. Most good companies offer certain perks, in additional to a typical salary. Depending on the industry you are in, and how fierce the competition, these perks can be a rather substantial addition to your base compensation package. When negotiating a salary, it helps [click to continue…]
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