Personal Finance and Investing

The reason why it is so important for you to start saving early is the magic behind the concept of compounding and the rule of 72. People who wait until they are later to begin saving are going to have to save much more and much more quickly in order to catch up with the people that started saving much earlier on in their lives. There are two basic methods that you can use when it comes to calculating the interest that your savings will receive, one of which is simple interest and the other which is compound interest.

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The Mortgage Banker Association released its weekly report for the week ending July 15, which shows an increase in 15.5 percent for mortgage loan applications when compared to the previous week. The Refinance Index increased 23.1 percent from the previous week.

Michael Fratantoni, MBA’s Vice President of Research and Economics said that record low interest rates are primarily a result of the “ongoing turmoil in the financial markets primarily due to the sovereign debt crisis in Europe.” He also said that Refinance applications have increased and the Refinance Index is at its second highest level of the year

The share of total mortgage applications has increased for both refinance (70.1 from 65.5 percent the previous week) and adjustable-rate mortgage (5.8 from 5.5 percent). This Read more…

The Lowest Price we could find is  $14.00

Samuelsons text was first published in 1948, and it immediately became the authority for the principles of economics courses. The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles. Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever.

Review:

This book is filled with ideology. The authors -although one of them is a Nobel laureate seem not to understand Adam Smith.

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As unemployment and foreclosure rates continue to rise, many Americans are seeking temporary housing.

Many reports confirm that the number of renters has been steadily increasing, reflecting the reluctance of potential homebuyers to take on the commitment of a home purchase. More and more, people are content to wait it out in a rental for fear of tight credit requirements and a faltering housing market.

This reluctance suggests that landlords are the benefactors of this trend. Many cities are reporting that rents are increasing as rental stock shrinks.

CNN recently wrote a timely article for those seeking to take advantage of the market and invest in rental properties. Read more…