Archive for the ‘Interest VOLUME’ Category

Those who understand interest earn it, those who don’t, pay it! Are student loan rates really what they seem?

Einstein said: “Those who understand interest earn it, those who don’t, pay it.” Which are you; the earner or the payer? Check out this student loan being charged 2.9%. This person told me they were not in a hurry to pay back this loan because the interest rate was so low. But the rate is […]

June 18, 2012 · Jennifer · No Comments
Tags: , , , , , , , ,  · Posted in: 529 vs 7702, COLLEGE SAVINGS PLANS, Interest VOLUME, Student Loan Rates, STUDENT LOANS

How to Calculate Interest Volume – The % you are really paying.

How much are you really paying in interest dollars, even if you pay cash? This is why just looking at interest rates has gotten so many people into financial trouble. We must also understand interest volume & interest velocity. Compare how much you are paying with how much you are earning – in dollars rather […]

March 18, 2012 · Jennifer · One Comment
Tags: ,  · Posted in: DEBT ELIMINATION, INTEREST 101 - rate vs cost, Interest VOLUME, L21) Diagnosing Debt