Most of us would say we work extremely hard for our money. How would you feel about getting your money to work harder for you instead? The “trick” is getting the math of compound interest on your side.
0 Comments Click here to read/write comments on The Magic of Compounding Interest
Topics: Financial Planning, Retirement Planning, Saving
Conventional wisdom among grief counselors holds that going through hard times does not create problems in a relationship. It amplifies them.
That means, if there is an issue with trust, it gets worse. If there is poor communication, the problem is exacerbated. Or if there is a difference in values and priorities, it becomes more apparent.Topics: Community Banking, Small Business, Business Operations, Business Plan
Successful relationship managers understand the importance of meaningful conversations with clients and prospects. Specifically, they understand the value of leading conversations with questions that demonstrate genuine curiosity and care.
Topics: Small Business
Already in 2020, we have seen market rallies, crashes, and rallies once again. We have seen very low unemployment, historic spikes, then drops. The economy has gone, and continues to go, through its own set of gyrations. It is hard to figure out how one is supposed to feel and then be able to react appropriately. However, if there ever were a time when staying the course and taking a longer-term perspective was appropriate, this is it.
Topics: Financial Planning, Stock Market, Economic Outlook, Economy
The following article was authored by Lisa Lake, for the Federal Trade Commission.
Most people have already gotten their economic stimulus payments, but the Internal Revenue Service is still sending them out. If you haven’t gotten yours yet or have questions about it, the IRS has a number you can call to get answers to common questions.But the IRS won’t be calling you.
Topics: Security & Fraud
Apple pie: cinnamon, sugar, flour, butter, apples, Crisco or lard, salt. Not too many ingredients. And, like any food, the higher the quality of ingredients, the better the potential flavor of the finished product.
Let’s imagine for a moment that you spend the time and money to source the absolute best quality ingredients, across the board. Everything is naturally grown, organic, and processed purely and carefully. But you use proportions that are slightly out of whack. Too much cinnamon, too much salt, and your imperfect combination of perfect ingredients is just awful.
Topics: Financial Planning, Wealth Management, Retirement, Saving
Whether you currently have extra time to complete a home improvement project or the recent economic challenges have taken a toll on your family budget, many people are looking for immediate cash these days.
Could a cash-out refinance be the solution?
Topics: Home Equity, Home Ownership, Mortgage
Thomas Edison famously said, “The three great essentials to achieving anything worthwhile are: hard work, stick-to-itiveness, and common sense.” These essentials are present throughout the writings of financial author David Bach, best known for his Finish Rich and Automatic Millionaire book series.
Topics: Financial Planning, Wealth Management, Retirement Planning, Saving, Budget
Launching a business takes courage. Ensuring its success requires something more – namely, capital. One of the most significant challenges that business owners across the wide spectrum of commerce encounter is determining the best way to obtain the funds needed to sustain growth.
Topics: Business Banking, Commercial Banking, Small Business, Debt
Please note that, while monetary issues and considerations pale in comparison to the human toll that the coronavirus pandemic has taken, this commentary addresses the investment impact the virus has had – and is having – on the markets. We feel for and wish those having to face the effects of the virus the best of luck and a speedy recovery.
Topics: Economic Outlook, Economy