Tag Archives: dollar a day

Investomom uses confidence

Investomoms Use Confidence as the Greatest Teaching Tool

Confidence: belief in one’s self and one’s powers or abilities; self-confidence; self-reliance; assurance. Financial education builds confidence. Confident people take action. Action produces results. Lack of financial education breeds inaction: fear of making a mistake, fear of not doing the right thing, fear of looking stupid. Without confidence or a mentor, most folks will do […]

The One Thing Every Millennial Should Do

Patrick O’Shaughnessy at the Millennial Invest blog wrote a post titled “6 Things To Do In Your Early 20’s.” Number two on the list is save and invest, and I believe this is the most important thing a millennial should do in their early 20’s. Ideally, investing should start at birth, it’s why I wrote […]

This child will live to 120 years, and could earn a million dollars a year!

This National Geographic cover from May 2013 feature various babies with the heading “This Baby Will Live to 120.”  With that in mind, let’s talk about the power of compound interest. A one time deposit of $4,000 into a mutual fund would equal $123,948,000 based on the math shown in this video. A person living to […]