Are Your Debts Good or Bad?

Debt is like a double-edged sword. It can help you, but it can harm you too. Making good use of debt can create wealth for you, but mishandle it and you can possibly be put into bankruptcy. Therefore, we should learn how to use debt wisely to let our money grow. Debts can be classified as bad debts and good debts. […]

Compound Interest & the Rule of 72

“Compound interest is the Eighth Wonder of the World. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein   Compound interest is paid on the initial principal and also any interest that is accumulated for previous periods of a deposit or loan. When Albert Einstein discovered the rule of […]