Posts Tagged ‘compound interest’

Book Review: All The Math You Need To Get Rich

Book Review: All The Math You Need To Get Rich

By The Banker | Book Reviews, Investing, Personal Finance

I learned from my wife the concept of the “feedback sandwich,” by which she means if you want to give someone an important piece of critical advice, it’s often most strategic to cushion the blow with a compliment to start, and a compliment to finish, with the criticism nestled in between. Michael Scott in Scranton, [&hellip

Rapunzel and Compound Interest

Rapunzel and Compound Interest

By The Banker | Blog Posts, Investing, Personal Finance

“Daddy,” began the little princess plaintively, “I’m bored.” The poor thing is trapped in her tower for the Summer months. Wizarding school ended the first week of June, and will not start again until next Fall. Also, it’s a Sunday and her 4-year old sister, the other little princess trapped in the tower, naps deeply [&hellip

College Savings v. Retirement Savings

College Savings v. Retirement Savings

By The Banker | Blog Posts, Personal Finance, Taxes

An astute reader pointed out some qualifications to my Friday post on 529 college savings accounts – specifically, reasons not to fund them.  The most compelling reason, coincidentally covered in the next day’s New York Times, is that funding your 529 accounts is not as important as funding your 401K retirement account. The New York [&hellip

College Savings and Compound Interest

College Savings and Compound Interest

By The Banker | Blog Posts, Personal Finance

My littlest one turned four years-old last weekend[1], and my eight year-old is taking a Texas-Public-Schools-3rd-Grade-State-Mandated-Standardized-Test this week[2], so you can probably guess what’s on this ex-banker’s mind: That’s right! Good guessing![3] Time is quickly running out for me to save money for their college tuition.[4] The only thing scarier than those scary scary clown [&hellip

Video: Think Like A Bank

Video: Think Like A Bank

By The Banker | Audio Posts, Investing, Personal Finance, Video

When I was a ‘debt buyer,’ acquaintances would occasionally ask ‘Oh, could you buy my debt?’ (and I would think, “uh, that’s not how it works.”) That question told me two things: 1. Most people do not know that all banks and most investors are ‘debt buyers’ one way or another. 2. Most people don’t [&hellip