Investing is using a resource (time, money, energy) with the expectation of achieving a future benefit or gain. When you invest money, you are spending money to own an asset. With the goal of generating income, growing value, or both. The power of investing is allowing the power of compound interest, dividends, and appreciation to grow money. The Plan Investing is a plan to grow money. This plan involves setting
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There are two main methods of debt payoff: Avalanche and Snowball. When you think of an avalanche or a snowball, snow comes to mind, but what does snow have to do with debt? In the south, snow causes panic as people deplete stores of bread and water, cities shutdown, and no one can drive. Debt can have a similar affect on people, causing them to panic. Once you enter debt
Before we discuss debt payoff, let’s take a moment of silence to reflect on our debt. Take a deep breath and let it sink in. Think about how all this debt added up. It could have been credit cards, student loans, or even a car loan for that car you always wanted. Now after reflecting, you can move past why and how the debt accumulated, and focus on paying off