When considering your financial goals, you'll likely want to know how long it will take you to grow your money as well as what rate of return you should seek. While many finance formulas exist, the rule of 72 is a popular and simple tool that lets you see how long it takes to doubl...
The 70% rule is not a requirement, nor is it set in stone. Flippers may tweak the 70% rule depending on the property market and/or location. For example, if the property is in a lower-end market, an investor might adjust the rule to 65% instead of 70%. On the other hand, for ...
Dodge New Year Credit Score Drops Learn from the experts how to protect your credit score while navigating the pressure to spend beyond your means. Jessica WalrackDec. 31, 2024 Signs of Fraud on Your Credit Report Act quickly to prevent scammers from accessing more information and do...
Another thing is that the rule of 70 struggles with annual growth rates higher than 10% because it assumes continuous compounding when investments rarely behave this way. As a result, the rule of 70 underestimates doubling time in proportion to how high the annual growth rate is. Therefore, fo...
If you owe money and are stressed out, just remember that the outcome that you're imagining is probably worse than the reality. Still, it's always helpful to know what lies ahead. Finding yourself unable to pay off a lot of debt can be one of life's more stressful situations, ...
What if your investment is below its average? If yourinvestmentsare falling short of expectations, follow one essential rule: Don’t panic. One year, the stock market might be up 14 percent. Two years later, it might be down more than 35 percent (as it was in 2008). Earning the averag...
The First Rule of Finance is to live within your means by spending no more than 80% of your take-home pay.If you take home100perweek,spendnomorethan100perweek,spendnomorethan80. But ever look at what people spend their money on? I have relatives and friends deeply in debt, spending12fo...
What Is Form 1099-K? Form 1099-Kisn't new, but it has been getting more attention due to a recent IRS rule change. The 1099-K reports payments and transactions from online platforms, payment card processors and apps – and its official name is “Form 1099-K: Payment Card and Third Par...
Which is why as an accountant it is important to know the requirements of IFRS. IFRS requirements A list of international financial reporting standards includes a few of the following: 1. Statement of Financial Position Commonly known as the balance sheet. This rule dictates that companies have...
Back to top About the author Elizabeth Ayoola Elizabeth Ayoola is a personal finance writer at NerdWallet. Her work has been featured in The Associated Press, The Washington Post, MSN, Debt.com, ESSENCE, The Knot, and POPSUGAR....