importance of time value of money concept

Time Value of Money in Financial Decision Making Leads to Greater Wealth

The Concept of Time Value of Money is Important to Financial Decision Making Because … “A bird in the hand is worth two in the bush” This medieval proverb still holds true today. In modern terms, it’s better to have a certain payoff today than an uncertain one in the future. After all, who knows what the future holds? By understanding the importance of time value of money, you can find out how to hack the TVM concept for your own benefit.

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hsa health savings account

The Health Savings Account Guide + the Secret to its Wealth-Building Power

Several years ago, I was floored when my health insurance premiums topped $500. Oh, for the good old days. Last year, I paid over $700 per month. Recently, I gingerly opened next year’s health insurance estimate to discover that in 2019, I’ll pay more than $800 per month. And my health insurance plan has a deductible of thousands of dollars. Which means that before the health insurance company pays a reasonable percent of my health care expenses, I shell out thousands of dollars.

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credit score to buy a house

What Credit Score do I Need to Buy a House?

Buying a House? Improve Your Credit First There’s not an easy answer to the question, “What credit score do I need to buy a house?”To buy a house, you need to borrow money from a lender, and that lender wants to make sure that you’ll pay the money back in a timely manner. The lender will check out your credit score before deciding whether to lend you money to buy a house and also to decide what interest rate to charge.  When shopping for a mortgage, it’s all about the interest rate.Your mortg…

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build wealth warrior summit

Best Investing Reading, Learning + Listening – Free

Spring is the perfect time to improve your financial health.Following is a list of learning opportunities for you to listen and learn about important finance and investing topics. From how to invest an inheritance to index funds and an invitation to a free “Wealth Warrior Summit” there’s an opportunity for everyone.First are several of my recent podcast appearances.Next, the free Wealth Warrior Summit is an opportunity to learn from various experts about how to build wealth.

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values and money

Values and Money – Are Yours Money-Makers or Money-Losers?

Values and Money Impact Whether You’ll be Wealthy or Not “Values are the principles that guide you through every day, every task, and every encounter with another human being; even if you are unaware of what those values are.” By Richard Bolles in What Color is Your Parachute? In another lifetime, when I worked as a career counselor, Bolles work influenced me in many ways. His wisdom far surpasses the career field and invades every aspect of life. Values and money are inextricably intertwined…

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texas mortgage

5 Things You Should Know Before Getting a Mortgage in Texas

Take These Steps Before You Buy a Home So you’re thinking of buying a home in Texas—congratulations! Between Texas mortgage payment calculators, reality agreements, and FICO scores, there is a host of information to process as you make your home ownership dreams a reality. Getting a mortgage in Texas is easy – if you follow these tips! Buying a house is an exciting and nerve-wracking time, but these 5 tips will take the mystery out of the Texas mortgage process. 1. Know Your Finances Before Y…

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Is money the only measure of success?

Is Money the Only Measure of Success?

Financial Management and Success During this time of year, I tend to reflect upon my accomplishments and goals. I make note of what I did well and what I need to improve going forward. Last year was challenging. I lost my Mom after a six-month illness and struggled with sadness, loss and emptiness due to her passing. One-year later, I still feel her presence in my life every day.

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get wealthy by giving

Get Wealthy by Giving – A Guide to True Contentment

Get Wealthy-Beyond Money “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey from Brainyquote.com Some may think this is a cheesy quote, but while I was growing up, whenever something bad happened, my mom and dad said, “Well, it could be worse”.

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become a millionaire at any age

7 Secrets to Becoming a Millionaire – at Any Age

How To Become a Millionaire at any Age Conservative retirement estimates indicate that most people need at least a million dollars at retirement. This is a daunting number for sure, especially for people who didn’t begin saving at the ripe age of 16. Never fear! It’s not to late to start learning how to become a millionaire. Like any big goal, breaking it down into bite-sized steps makes it more attainable. And, you don’t need to earn big bucks to end up with a million dollars! There are stor…

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Become a millionaire in one step

Become a Millionaire in One Step

“Get over yourself. Stop thinking that there’s a magical secret formula for making tons of money overnight, and that you can discover it because you’re smarter than any other investor out there. In fact, his suggestions seem to say, when it comes to getting rich, slow and steady wins the race.”~from “Warren Buffett’s Advice: Forget Get-Rich-Quick. Here’s How to Get Rich Slowly,” in Inc.com by Minda Zetlin You’ll read a lot of questionable stuff online about how to get rich or how to become a …

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