Is your bank advertising a nominal interest rate or the effective interest rate on a savings account? Know the difference because this marketing trick has real implications when you’re making a decision on where to save your money.
The huge impact of tax-free investing
Invest in a tax-free investment when your child is born and watch it grow! The actual impact of paying no tax in a long-term investment is massive.
Wealthy Maths: The Rule of 72
The Rule of 72 is a quick and easy way to figure out how long something will take to double in value at a given interest rate. The calculation is simple: If you have a percentage growth rate (e.g., investment returns, interest rate or inflation), divide 72 by the expected rate of growth to work ...
Wealthy Maths: Calculate inflation
Stealthy Wealth explains what inflation is and how to calculate it yourself.