For this next article, I wanted to have a little fun. People have asked me about the name of this blog address, Finsights72. The reason I called it this was because of the Rule of 72, which calculates how long it will take an investment to double in value. So without further ado, let’s get … More The Rule of 72
I’ve talked about a couple important concepts, such as budgeting and investing, as well as the effects of certain economic indicators on the economy and the finances of individuals. I will now talk about debt management. Debt is typically seen as a negative, but it’s actually quite important and can even be beneficial if managed … More Debt Management
Before I continue with the discussion of financial literacy, I want to take a step back and explain some economic indicators. These indicators play a big role in the health of our economy, which in turn affects how much money goes into your pocket and what you can do with it. So let’s get started. … More Economic Indicators
Investing is a meaty topic, so I’ll start with general concepts and gradually get into specifics. Investing is the act of putting money in assets that will appreciate over time, thereby earning you profits (i.e. capital gains) . Once you have enough money in your savings, you should start to educate yourself on the basics … More Investing: How to Build Real Wealth Over Time
I remember the first time I held a $5 bill in my hands – taken from my dad’s open wallet on the dining table when he wasn’t paying attention. I was about 5 years old, and to me, it was just green paper with a bearded, unsmiling man that had no meaning. However, that same … More What is Financial Literacy and Why is it Important?
Finsights 