Real life, not learned in school

      My name is Walter. I began my career in Real Estate at age twenty-one in 1994 while working at a grocery store from age sixteen to twenty-six. Once I left the grocery store, I pursued other job opportunities while building my Real Estate business. Years later, I found the seven money milestones that refined how I viewed money. I started this blog to provide people with financial literacy skills typically not taught in schools but are ESSENTIAL for our success. As my introduction, here are a few insights surrounding my experience with the seven money milestones.   Milestone 1: Get a Financial Education  My first in depth look into financial education was when I met my now business partner Shon Agnew from WFG Wealthwave. Today, I continue my education by sharing information with others and further that knowledge through my recent work with WFG Wealthwave. I also read (or listen to) books and blogs on finance on a weekly basis to supplement my knowledge....

                                                                                                                                                                                           One of the first steps toward financial freedom is the ability to manage your own finances (cash flow, spending and saving habits). A previous post on this page titled “How to Double Your Savings: The Rule of 72” describes how you can use compound intere...

                                                                                                                                                                                                                   Financial literacy is essentially having skills that develop your understanding of how money works-for example, how to earn, spend, and grow it. To be financial...

     The article posted last week titled “Combating Inflation with Compound interest” describes how inflation impacts the value of the money in our savings accounts and how compound interest can help reduce that. The article explains that investing your money in an account with compound interest would double the amount money made over time because you are taking advantage of the interest you earn along the way and on money you deposited.       Taking advantage of compound interest is a great way to increase the value of your money over time. It allows you to account for changes in inflation rates and potentially double your initial investment. According to the book “How Money Works: Stop being a sucker” by Tom Mathews, Steve Siebold, and Andy Horner a typical savings account is likely to have an interest rate under 1%. The same book provides a mathematical formula to help calculate how much time it would take to double the money you have invested based...