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Triple My Money: How Long and What Does It Take?
You are probably familiar with the Rule of 72, which tells you when the one dollar you invest today will be worth $2 once you have a rate of growth. If your annual rate of return is R%, then it will take you (72/R) years to double your money. For instance, for a 6% return [...]
Year-to-Date Passive Income
This is definitely the first time I ever checked the total passive income generated in the middle of the year. I usually crunch the numbers once a year when I fill the tax returns. Out of curiosity, I spent nearly an hour last night and summarized the money that are generated by money for 2006 (that's my definition of passive income, price appreciation of stocks or mutual funds is [...] Continue Reading…
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Reduce Your Heating Bill: Six Tips from SmartMoney
The recent decline of oil prices may make us breath a little easier when we turn on the heat this winter. However, if you are among the 32% households in the Northeast that depend on heating oil, you can expect to pay 7% more this winter to heat your house. According to the U.S. Energy Information Administration, for natural gas:Nationwide, 58 percent of all households depend on natural gas [...] Continue Reading…
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AAA Membership: Should I Renew It?
The renewal bill for my AAA membership arrived last night. The annual due is $60, which isn’t at a level that I can’t afford. But I am thinking about whether or not I really want to keep the membership. I joined AAA in 1998 and the last time I used it was in 2004 when my car’s timing belt broke [...] Continue Reading…
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300 Million and Counting
US population reached 300 million this morning according to the U.S. Bureau of the Census projection. It took 40 years for the population to go from 200 million (reached in 1967) to 300 million. An article from Reuters early this month showed the impact of US population growth on resources and environment: Each American occupies 20 percent more developed land - housing, schools, shopping and roads - than 20 [...] Continue Reading…
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Year-to-Date 401(k) Return
I usually don’t check my 401(k) account until the time to update the net worth and even at that time, I didn’t look at the return because, first, I simply forgot to check and, second, I won’t make any change before the year end, no matter how good or bad the return is. But tonight, I logged into my 401(k) account at Fidelity and found that the year-to-date return [...] Continue Reading…
