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Investing 101: Compound Interest
Brett Sebion, Financial Coach  – June 07, 2024
Compound interest might sound complex, but it’s actually based on a very simple principle: earning interest on your interest. Here’s a clear and simplified way of understanding this important concept. Example of Compound Interest Imagine you save some money, let’s say $100, which grows at 10% annually. At the end of the first year, you […]
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Why You Need an Evolving Financial Plan
Brett Sebion, Financial Coach  – June 05, 2024
Financial planning is not a set-it-and-forget-it activity. Rather, financial plans are ever-evolving based on your changing life circumstances. Your goals and priorities may shift as your career evolves and big changes like marriage, having a child, or getting a new job may warrant adjustments to your long-term plan. Here is a look at the situations […]
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Pay Yourself First
Heather Jordan  – May 31, 2024
Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. But, do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first” – in other words, making your first payment of each month a deposit into your […]
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Building Wealth the Time-Tested Way
Heather Jordan  – May 24, 2024
While it can be pleasant to dream of sudden wealth, it’s not a realistic way to approach retirement planning. If you want to increase your chances of enjoying a financially secure retirement, use a time-tested method — save and invest through a tax-favored retirement plan. It will require patience, but it is doable. Here are […]
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Preparing for Rising College Costs: Start Early and Save Often
Heather Jordan  – May 20, 2024
The skyrocketing cost of college education has become a growing concern for students and families across the U.S. As tuition continues to rise, it is crucial to adopt a proactive approach to prepare for this financial challenge. In 2022-23, average costs (including tuition and fees, room and board and allowances for books and supplies, transportation […]
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5 Ways to Incorporate Unexpected Cash in Your Financial Plan
Heather Jordan  – May 17, 2024
Receiving an unexpected sum of money can be a welcome surprise, but deciding what to do with it can be a challenge. Should you save the money or pay down debt? Invest the funds or donate to charity? While rushing to book a vacation with proceeds from a windfall may be tempting, it might be […]
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