Is a 1.5% interest per month on a relatively small amount worth it? On Quora, a user posted a great question on whether 1.5% interest per month on a small invested based was worth the effort. Well, it depends. To provide a more concrete, visual example, let's assume the following variables on what we might … Continue reading Is a 1.5% interest per month on a relatively small amount worth it?
As posted on Quora! First and foremost, treat yourself and your finances like a business. Think of yourself as the CFO (chief financial officer) of your household - you manage the budget/finances, goal planning (e.g. new car purchase), retirement savings (e.g. 401k), etc. So what would you do as the CFO of your household? Well, … Continue reading I make roughly $200,000 a year living in Iowa. Why am I still living paycheck to paycheck?
Follow me on Quora! Question: How can I turn $1,000 into a steady monthly income? To repeat what others have said, there are a variety of ways to produce steady income. Whether or not they exceed your expectations/threshold is a whole other question. For example, place $1000 into a high-interest savings account such as Ally at … Continue reading How can I turn $1,000 into a steady monthly income?
Follow me on Quora! Question: With what salary can I comfortably afford a $60,000 car? Okay, so given the limited information we have, I’ll have to make some assumptions here to help whether or not you can comfortably afford a $60,000 car. Here we go. First, let’s make some assumptions for the car in terms of … Continue reading With what salary can I comfortably afford a $60,000 car?