Why Compound Interest Is The Eighth Wonder Of The World

compound interest

The great Albert Einstein said, “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” I couldn’t have said it any better myself. For anyone who wants to build lasting wealth and accomplish financial freedom, understanding and harnessing the power of compound interest is essential. It’s also the

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7 Secrets To Financial Freedom Every Doctor Should Know

financial freedom

The more personal finance and debt free blogs I come across, the more I realize most doctors are striving to achieve financial freedom. What exactly does this mean? In simple terms, a financially independent person has enough wealth to live on without working. There’s an entire group of FIRE (Financially Independent Retire Early) people (like Physician On Fire) that have started

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Coverdell ESA vs 529 – What’s The Best To Save For Kid’s College?

coverdell esa vs 529

I’ve been a long time listener of the Dave Ramsey show. For those of you familiar with Dave, then you’ve probably heard him mention the Seven Baby Steps to financial freedom that I’ve discussed in the past. Baby step #5 has to do with starting to fund your kid’s college. He recommends either a Coverdell Education Savings Account (ESA) or a

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The Vanguard Three Fund Portfolio – How To Simply Your Investing Using Only Three Funds

Vanguard Three Fund Portfolio

It’s funny how I run across ideas to write about. During our summer Adventures by Disney vacation to beautiful Yellowstone, good ole dad decided to venture out on a hike by himself while Mrs. DFD and kids went horseback riding. Little did I know, while braving the outdoors, I’d come across information for one of the easiest ways to simplify

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