Most parents hope to send their kids to college one day. But with rising costs, they look for different ways of saving to afford it. One method is through the Coverdell Education Savings Account. What is it? How does it work? What are some of its benefits and drawbacks?
Monthly Archives: June 2010
Why You Don’t Need An Emergency Fund
Talk to any financial planner, and they’ll suggest that one of the most important assets you can have is an emergency fund. “What if you lose your job? What if your car needs major repairs?” they’ll ask. The emergency fund is supposed to act as a safety net, helping you stay out of debt. Media…
The Rule of 72 – How It Helps, And How It Doesn’t
Would you like an easy way to approximate the rate of return or amount of time needed to achieve a financial goal? The Rule of 72 is a great tool to use for this purpose. This rule can estimate the time it takes to double your money when the interest rate on your investment is known….
Business Advice – What We Can Learn From Amish Success
According to the SBA, new businesses have a five-year success rate of just 50%. Compare this with Amish businesses, which have a remarkable 95% success rate. In other words, their history of success is almost double the rate of the rest of the country. I’m just fascinated by that statistic! What’s their secret? What are…
