Financial Calculator

There’s almost no better feeling on your financial journey than the day you pay off a loan.

Whether it’s your credit card, your student loans or your mortgage, you should celebrate the big win of paying off a loan.

The best part of paying off a loan is knowing that it’s one less dollar that you owe to someone else.

The second best part of paying off a loan is knowing that you can know invest that same dollar into your future — building your emergency fund, saving for a goal or socking it away for retirement (in index funds, of course).

Determining Your Loan Pay Off Date

Sometimes it can seem like forever until your loans are paid off, especially if you’re only able to pay the minimums each month.

While there are definitely ways to speed up paying off your loans — increasing your payment or putting any windfalls toward the loan — it’s worth knowing exactly when you’ll be finished paying the loan.

Read more >>

{ 0 comments }

The Upward Trend of Personal Debt in Norway

Thumbnail image for The Upward Trend of Personal Debt in Norway

Norway has recently begun emerging from its low oil price-driven economic slump. Private consumption and residential investments were credited as the main drivers of this news. But household debt is at an historical high, sitting at 215% of disposable income and even higher for young people. Norwegians’ debt burden has built up over decades, fueled […]

Read the full article →

Dow 1 Million, Here We Come

Thumbnail image for Dow 1 Million, Here We Come

We tend not to focus too much on the predicting the stock market, except for knowing that in the long-term, it goes up. Your investing should be long-term with index funds leading the way, and as we’ve seen recently, there’s no better option for investors. So while the Dow Jones Industrial Average currently sits at […]

Read the full article →

Warren Buffett Bet $1 Million That Index Funds Would Beat Hedge Funds. Guess Who Won?

Thumbnail image for Warren Buffett Bet $1 Million That Index Funds Would Beat Hedge Funds. Guess Who Won?

We know that Warren Buffett, the Oracle of Omaha, says that you should invest in low-cost index funds, saying that their low fees make all the difference in performance and growth of your portfolio in the long-term. But even though he’s clearly not primarily an index fund investor, he’s willing to put his money where […]

Read the full article →

For 15 Years, Actively Managed Funds Have Failed. Miserably.

Thumbnail image for For 15 Years, Actively Managed Funds Have Failed. Miserably.

I can never get tired talking about how much better index funds are than actively managed funds. There’s so much proof that shows that you can’t effectively time the market or pick stocks, but as time goes on, the evidence just continues to mount. There’s new research out that shows just how bad it is […]

Read the full article →

Visa is Paying Businesses to Stop Taking Cash

Thumbnail image for Visa is Paying Businesses to Stop Taking Cash

The businesses with the most incentive to produce a cashless economy are accelerating the process, and they’re not being coy about it. Visa has launched a new initiative that will pay small businesses $10,000 each for upgrading their payment technology and marketing expenses … if the businesses agree to stop accepting cash from their customers. […]

Read the full article →

The Good News? If You Have a 401(k), You’re Doing Great

Thumbnail image for The Good News? If You Have a 401(k), You’re Doing Great

The research earlier this year that nearly 7 out of 10 Americans have less than $1,000 in savings is scary. It’s legitimately frightening, as they have no place to turn to when unexpected expenses pop up (which always will). While it’s crucial that those who don’t have savings begin to, there is some good news […]

Read the full article →

Can Predicting Politics Predict the Stock Market?

Thumbnail image for Can Predicting Politics Predict the Stock Market?

As I mentioned, I’ve been enjoying writing on Quora, especially when it comes to personal finance, investing, and index funds. While I normally don’t weigh in on politics or get too involved in political discussions, a Quora question caught my eye: Will the stock market crash on November 8? Obviously, this question focused on the 2016 […]

Read the full article →

I’m Writing on Quora. Here are My Best Answers.

Thumbnail image for I’m Writing on Quora. Here are My Best Answers.

Over the past few months, I’ve been spending more and more time on Quora, the popular questions-and-answers platform. If you’ve never used it (to either write answers, ask questions or simply read what people are talking about), it’s essentially a much cleaner, well-informed and easier-to-use Yahoo! Answers. I’m sure the company’s founders, including a former […]

Read the full article →

Is There Anything More Annoying than the Chip?

Thumbnail image for Is There Anything More Annoying than the Chip?

I hope you’ll let me get on my soapbox for a bit, because I have a gripe to complain about. OK – it’s not really a huge complaint – but it’s definitely one of those annoying things that I can’t be the only person who gets annoyed about. It’s the chip.

Read the full article →

Choosing the Best Retirement Options for Your Job’s 401k

Thumbnail image for Choosing the Best Retirement Options for Your Job’s 401k

So you’ve signed up for a 401(k) with your job. You’re getting your employer match. And you’re ready to invest in index funds, because you know that they’re the best option for your long-term savings. You just got the list of mutual funds to invest in from your employer, you’re looking at the best options to invest […]

Read the full article →

The Psychological Trick to Supercharge Your Retirement Savings

Thumbnail image for The Psychological Trick to Supercharge Your Retirement Savings

Saving for retirement isn’t always easy. It should be, but there’s so much of life that just gets in the way. Bills pop up. Jobs change. Families start, and families change. Emergencies happen. For many people, life makes it difficult to worry about tomorrow when you’re so focused on today.

Read the full article →

The Easiest Money is Free Money From Your Employer

Thumbnail image for The Easiest Money is Free Money From Your Employer

Do you have a job? Does your employer offer a 401(k) or other retirement savings plan with a company match? Are you eligible for other employee benefits, like tuition discounts, profit sharing or loan contributions? If you said yes, you need to make sure you’re getting all the free money from your employer that you […]

Read the full article →