• Compound Interest
    Finance Help,  Make Money

    Compound Interest: You can retire a millionaire with $100 per week.

    Compound Interest is the best kept secret of the super wealthy. Whenever you hear a rich person saying that you should “make your money work for you” and not “work for your money” they mean compound interest.   These rich people are earning interest on their interest. And, no, that’s not a typo. I’m going to create a simple example and explanation. Mainly because I want something to link to in my posts whenever I mention compound interest.   Compound Interest Vs. Simple Interest   Let’s say you bought a $10,000 treasury bond that paid you 3% annually and matured in 10 year. This means that you would get $300…

  • Covid-19 Mortgage Refinance
    Finance Help

    Refinance Your Mortgage Before Covid-19 Gets Cured

    Once there’s a cure for Covid-19 you can expect interest rates to rise!   Covid-19 brought about a world of hurt for millions of people across the world. America was certainly no exception to this tragedy. The squeeze from Covid-19 nearly crippled economies around the world.   And who knows what happens when hundreds of thousands of people are dying and economies are crippled?   LOWER INTEREST RATES! Yay!   Mortgage rates are at an all-time low right now.    When I worked in the mortgage industry right before the housing market crash, our interest rates were some of the lowest on the block at around 6%-8%. I’m sure some…