The other day I was talking to a friend who had just returned from vacation. Like me, my friend is self-employed, and anyone who is self-employed knows the importance of learning how to save money. Being self-employed can be a fantastic thing! If I want to take a day off, I can take a day off. If I want to take a week off, I can take a week off!
A Penny Saved is a Penny Earned? Benjamin Franklin, Really?
Benjamin Franklin’s most famous quote isn’t even Benjamin Franklin’s actual quote.
I was on Google+ last night and came across this entry. It’s from our good old friend Benjamin Franklin’s Google+ page. Because, you know, he has a Google+ page. Anyway, Benjamin Franklin obviously misquotes himself. He says here “A penny saved is a penny earned.” But that’s not what he said! What he actually said was
What does that even mean? Continue Reading
How about saving money by paying off the mortgage early?
Wouldn’t it be great to be able to pay off the mortgage? If you were to build a plan to pay off the mortgage early, you would be surprised. That plan is a great strategy for how to save money.
Are you shackled to your home? Your home is likely the biggest investment of your life. It should also be your BEST investment! Did you know that if the typical new homeowner were to pay just $1 extra to their mortgage payment, they would save $5? It’s the best answer to how to save money out there.
The secret is compound interest. The longer you borrow money, the more you will pay in interest fees. But there is very good news. The same compound interest laws that work for the bank also work for you. When you learn how interest works, you will be surprised at how much money you can save.
