Posts tagged money
Our European Honeymoon & How We Got it 85% OFF: Part II

All in all, we decided it was about 20 degrees too hot and we walked about 30 miles too far to classify our trip as relaxing vacation, but wow... what an experience!  To walk the same streets and see the same sights that people did centuries before us was truly amazing.  The icing on the cake was that we got to see the world, and then come home to the United States of America.  We may be poor enough to depend on "travel hacking" but we'll never be able to comprehend how rich we really are, just because of where we were born. 

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Compound Interest: the Great and the Terrible

In the last post I talked about the different components of debt.  This time I want to elaborate on one of them, interest!  More specifically, I want to talk about what happens when interest compounds.  There will be a lot of numbers in this post, but stay calm and stay with me!  Here's why you should read this post all the way to the end:

Compound interest is a very powerful financial tool and I want you to understand it and be able to use its power for good in your life!

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Principle vs. Interest

I want to keep this post simple and to my two main points:

  1. There is "good debt" and "bad debt".
  2. The way you pay your debt makes a difference. 

My reason you should keep reading: 

Everyone, but especially young people, need to understand the components of debt, the real costs, and how to make choices that will set you up for financial security and keep you out of the debt trap.

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Power Pursuit #1 - Rich Dad, Poor Dad

It's not a desire for money that drives the Rich attitude that Kiyosaki describes or my love for this book.  It's the desire to prepare the best we can for this crazy life and all it's challenges.  It's my desire for security and peace of mind.  It's my desire to care for my future family and someday my parents, the way they have cared for me.  It's my desire to escape the rat race and live this one life to the fullest.  If you can relate to these desires, this book is a must read.

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