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Category Archives: Investing 101

Are You Ready to Retire Rich?

Some of us want to retire at the typical retirement age of 60 or 65. Some prefer to retire earlier, perhaps at 50 or 45 or even 40 years old. Regardless of the desired age of retirement, how would you know if you’re ready to

Using the “Rule of 72” to Double Your Money

Have you heard of the “Rule of 72”? It’s actually just a simple mathematical tool used to compute the number of years it will take to grow your money by 100%. Simply speaking, the “Rule of 72” tells you approximately when you’ll be able to double your money. Great

Investing 101: How Age affects your Investment Objective

Different investment assets, from Time Deposits to Bonds to Real Estate to Stocks, serve different purposes for different people who invest in them. With the presence of various investment options, it is not enough that investors merely invest for the sake of “making a profit”

Are you RICH? Use this Math formula to find out

A best-selling personal finance book proposes a mathematical formula to determine if you can be considered rich or not. Here’s the wealth scoring formula from the book The Millionaire Next Door by Thomas J. Stanley and William D. Danko: Multiply your Age by your annual household income from all