Make another list of every single need that you have.
Now, for each one of those items ask yourself, “What would the solution look like if it permanently solved that problem/need?”
Life is nothing more than figuring out permanent solutions. :)
]]>After factoring in having to pay back high tuition costs, those students who chose state schools are earning more than their ivy league counter parts.
“Using PayScale.com data, we found that three years out, Ivy and liberal-arts grads pull in an average of $51,500, compared with $48,500 for their state-school counterparts. And looking 15 years out, the public-private gap widens more.
But once you factor in the tuition investment, the picture changes dramatically. In our ranking, no private school even makes the top 18.”
Show me the money!
]]>It is often easy to ignore how a small amount can make a real difference. However, when you reinvest the dividend amount you receive from your investments, even though they may be a small amount, they can add up to a lot of money over a long period of time.
Why?
It is the power of compound interest. In essence, your money is earning money. It is growing, without you having to do much. And as your money grows, it gets even bigger and bigger over time.
It’s like a plant that gives fruit whose seeds turn into plants and also give fruit.
“Since 1952, the stocks in the S&P 500 have provided a simple return of 7.65% a year. If all dividends were reinvested on a quarterly basis, however, the total return would have jumped (or perhaps vaulted is a better term) to 11.50% a year.*” – Douglas Gerlach
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