Ever use a financial calculator?
If you haven’t, you probably should.
Ever see those big, beautiful bank buildings?
There’s a reason they can afford to put their business in there. They understand and ‘bank’ on the power of the Time Value of Money (TVM). Compound interest is what Albert Einstein dubbed as ‘the 8th wonder of the world’ and what Warren Buffet, the second richest man in the world, described as the key that grew his wealth.
The TVM concepts are simple...
Many of the calculators that calculate them are not. Besides, who uses calculators in this day and age when everything you need can be stored on your cell phone?
Compound interest is interest added to the principal investment. Over time, you can think of it as ‘interest on interest.’ It makes your money grow faster than just simple interest. In the real estate industry, if the prices of houses are rising, each year’s growth adds up to an increasingly higher base. If…
JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.