If you invest $100/month for 40 years and receive a 12% return for those 40 years, you will have invested $48,000 but it will be worth $1,176,477!
If you are 25 years old, you have forty years to invest. If you do not start investing until you are 45 years old, you may have only twenty years to invest. To reach the same $1,176,477 in twenty years, you will need to invest $1,189.26/month!
If you finance a home with a fixed rate $100,000 mortgage for 15 years instead of 30 years, you will pay $63,944 less in interest and own your home 15 years earlier!!!
If you refuse to work with your spouse on financial decisions, you will miss out on one of the greatest way to unify and divorce-proof your marriage! Money fights are the number one cause of marital strife. By working together, you will have unity on this subject instead of conflict!
Negotiate Everything that costs over $300
Prices are negotiable. If you save 10% on every purchase over $300, you will be able to save a substantial amount of money every single year. Negotiate purchases on vehicles, insurance, appliances, houses, video cameras, computers, hotel rooms, vacations, … The list goes on. You do not have to be confrontational. Just ask, “Is that the best you can do?”