I bet you never knew that the number 72 was a powerful number!
If you have ever asked yourself the question, “how long will it take before my money doubles”, look no further than the Rule of 72. Before we had computers that would quickly calculate compound interest the Rule of 72 was used as a quick and easy way to figure out the “money double” question.
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Financial expert Shannah Compton is among only 10 honorees
It’s an honor reserved for only a select few, and this year Shannah Compton is taking her place among the privileged elite.
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Just reading the words, “wardrobe investing”, makes you wonder what gimmick the stores are up to again to get you shopping. This is probably because somewhere along the line of our adult development we learned to view clothing mostly as frivolous and for many of us, the idea of clothing being an investment is quite foreign. However, this frame of mind begins to change once you realize the impact that image has on your day-to-day interaction with others and your long-term success. In this article we’ll explore how your image and your approach to building your wardrobe can be considered an integral investment in the “you” brand.
Recession Schmession!
If you open a newspaper or turn on your TV you are bound to see a report on our pending recession. It seems like all you see or hear are stories about our terrible gas prices, the declining housing market and the unstable stock market. It’s no wonder that us Gen Xers seldom read the newspaper or hardly ever listen to the news. If you are anything like me you are asking yourself, “Who cares”.
Until a few years ago I couldn’t even begin to tell you what a recession really was and further what it actually meant to me. My goal for this article is to demystify the meaning of the terrible “R” word and provide you with some solid knowledge of what this really means to you.
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Did you know that every 2.9 seconds someone’s identity is stolen?*
Did you know that ID Theft victims lose an average of $16,000 in unrealized income from working on the recovery of their own?*
Did you know that identity theft happened to an estimated 9.3 million consumers in 2005, and unfortunately that number is steadily rising?*
Identity theft happens to be the fastest growing white collar crime in America according to the Federal Trade Commission. With the rise of the internet stealing someone’s identity is easier than you might think. Unfortunately most of us do not take preventative action and find ourselves in a situation that is difficult to remedy.
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Historically, mortgage finance has been a world of interesting dichotomies; buttressed by creativity versus tradition, cash versus credit, tangible assets versus intangible assets. Today, it exists as a world of curiosity and repulsion as the financial markets attempt to recover from an onslaught of defaulted mortgage loans that have spread throughout our nation like a cancer.
While mortgages exist at the heart of American life, few of us truly understand the meaning behind mortgage terms or the mystery surrounding the current mortgage disaster. Specialized terms such as: “sub-prime,” “collateralized-debt-obligation,” “mortgage-backed security,” “short sale” “Fannie Mae” and “Freddie Mac,” float through the air without a cleared-for-landing runway in our minds.
Even for those of us working in industries which commonly use these words, the complexity of issues surrounding the mortgage meltdown can be overwhelming. We wonder to ourselves…how did this happen and how do I keep it from happening to me?
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