Time and Interest Rates

Jim — Wed, 23 Jan 2008 11:30:00 +0000

For most people that I talk with about finance, especially interest, they start to have the deer in the headlights look almost with the second word. It is not that they cannot understand but do not want too.

When it comes to interest, they as you have indicated you just simply take the interest times the amount borrowed. This is fine as long as there is no time.

Time is the key here. It is what makes your money work for you or against you. But in the instant gratification world, time is ignored.

MrsMicah tries to explain it all.

Just my 2 cents. Jim @ ChangeJarSavings.com

Investment Risk – How much risk should I have?

Jim — Mon, 07 Jan 2008 14:47:00 +0000

Investing has risk. That is a given. But how much risk should you take on. Are you a throw caution to the wind type who invests which ever way the wind blows? Or are you out to make quick money? Or are you slow and methodical like the tortoise?

Here is a piece of advice I heard that can help you if you are not sure if you are taking too much or too little risk.

Take 100 and subtract your age. The age you are should be invested in low risk and the difference should be in higher risk. While this is simple advice, you need to still make a conscious decision and make sure you invest well. It will be a while before I can use this and I will have to play catch up with retirement funds. I first need to pay off my debt and create an emergency fund. Someday, I will be able to invest…

Just my 2 cents. Jim @ ChangeJarSavings.com

Change Jar Savings » PF – Investing

Time and Interest Rates

Investment Risk – How much risk should I have?