Archive for the 'Finance' Category



How To Get An Instant Pay Raise

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Leo J Quinn, Jr.
As a gentleman was leaving my class recently, he wanted me to clarify something I had said. He was making sure that he should take his four or five thousand dollar tax refund and pay off debt.
I was stunned. This money represented $400-$500 that could have been in his pocket every month. [...]

How Long Will It Take To Double Your Money?

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Question: I just inherited $50,000. If I put it in a bank CD, how many years will it take before it’s worth $100,000?
Answer: 14.4 years - assuming your interest rate is 5%.
In the financial planning world there is something called the “Rule of 72″. It’s a very simple way to compute [...]