by David L. Bahnsen
A matter of time
Personal Finance | Different timelines require different strategies for investment
by David L. Bahnsen
Posted 2/09/08, 12:00 am
My last article laid out the importance of "compounding" in the process of accumulating money toward financial goals. (Because of compounding our money grows, then that amount grows, then that amount grows, and so forth, thereby enabling our money to grow faster through time than we would normally envision.) Time is a gift to those seeking to accumulate wealth, and the law of investment return is this: With less time, a higher return is needed; with more time, a lower return is needed.
Accumulation basics
Personal Finance | Time is on the side of those who begin building wealth when they are young
by David L. Bahnsen
Posted 1/26/08, 12:00 am
A comprehensive financial plan addresses the accumulation, preservation, and transfer of money. A godly person gives money wisely and faithfully leaves an inheritance-but both transfer and preservation first require accumulation. Let's look at three guiding principles concerning accumulation: defining goals, using time wisely, and finding the right blend of risk and reward.
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Money | Americans don’t seem at all divided when it comes to debt