5 Reasons to not keep cash under your mattress
Financial institutions are companies focused on providing financial and monetary transactions such as deposits, loans, investments, and currency exchange. Why should you use a financial institution to manage your financial transactions? Here are five key reasons to do so: Safety: It’s risky to keep your money in cash. It could easily get lost, stolen, or […]
Four Benefits of Real Estate Investing
The benefits of investing in real estate as a way to build wealth are many. When investing in the right property, investors can enjoy predictable cash flow, excellent returns, tax advantages, and diversification. Four Benefits of Real Estate Investing are: Cash-on-cash – This measures as a percentage the cash income earned on the cash invested […]
Compound Interest – The 8th Wonder of the World
Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”. Understanding Simple & Compound Interest Interest is the cost of using somebody else’s money. When you borrow money, you pay interest. When you lend, or invest, money, you earn interest. Interest is […]
Developing a “Saving Money” Mindset
Let’s face it, creating and maintaining a money saving mindset can be difficult. Developing a “Saving Money” Mindset It may not be easy. It may mean making difficult decisions. It can take time. It requires discipline. But the benefits can be life-changing and provide you with a certain sense of security and peace-of-mind. It is […]
Using Financial Vehicles to Your Advantage
Over the last few months, you may have read how billionaire and PayPal co-founder Peter Theil has amassed $5 billion in his Roth IRA account. When looking at news stories like this, I see someone who used available tools to put his money to work for him. In 1999, Theil’s Roth IRA had less than […]
Course Offerings from MFF’s Economics of Investing Curriculum
By: Tori Berube, MFF Director of Marketing and Outreach Are you considering making your first investment? If so, it’s important for you as an investor to understand some of the basic concepts and principles of economics and MFF’s Economics of Investing curriculum will get you started! Our three courses, “Basics of Economics,” “Types of Investments,” and “Investment […]
Time in the Market vs Market Timing
By: Mike Cashion, MFF Director of Operations This past year has seen millions of new people open investing accounts as retail investors. It has become very popular for people to participate in investing and specifically day trading via gamified trading applications. Gambling and risk taking are fun and exciting. This is especially the case during […]
Review: Marcus Online Savings Account
By: Mike Cashion, MFF Director of Operations What is Marcus? Recently, Goldman Sachs has made a big push into the consumer banking market. When most people think of Goldman Sachs, they think of high net worth and private banking. Marcus is basically the consumer banking arm of Goldman Sachs. Currently, they offer a variety of […]
The Basics of a Real Estate Proforma
Are you considering investing in commercial or residential real estate as part of your financial plan? If so, first-time investors will want to know how to prepare, read and understand a real estate proforma, which analyzes a property’s potential income and determines what you can expect for a property’s cash flow or net operating income […]
Advice from a Savvy Stock Trader – at only 19
Trent Remillard is only 19, yet he has a diversified stock portfolio on Wall Street and a significant sum of money in his Roth IRA. Trent started both accounts in 2015 when he became involved with Morgan Franklin Fellowship, a program that educates teens and young adults about financial literacy. Since then he’s seen his […]