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Did You Foreclose in the Housing Bust? You may be able to buy sooner than you think!
If you are one of the 9.3 million homeowners who foreclosed, received a deed-in-lieu-of-foreclosure, or short-sold during the recent housing crisis… you may be able to buy a home again sooner than you think. In a recent study of the housing market, The National Association of Realtors (NAR) found that nearly 1 million of...
The Dark Side of Compound Interest
It is so easy to pull that little piece of plastic out of your wallet when you see something you want. It doesn’t even feel like you’re actually spending money. The amount of each individual purchase is usually small. But the trouble comes when all those little purchases add up over time. Throw a big purchase or two into the mix, and things can get out...
How To Make A Million Dollars Like A Turtle (Or: The Story of Compound Interest)
Yes… really. I’m not talking about some crazy get-rich-quick scheme, either. If anything, it’s a “get-rich-slowly” kind of thing. The tortoise knew what he was talking about. Slow and steady does win the race – especially with money. Why? Because of compound interest. Money earns compound interest when interest payments are calculated using the invested amount (called the principle) AND also adds up on the interest you’ve already earned....
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