My name is Zach, and I write at Four Pillar Freedom, where I tend to tackle financial topics through data visualization. While J.D. is on vacation, I offered to explore one of his favorite topics: the effects of saving rate versus investment returns. Albert Einstein supposedly once said that compound interest is the eighth wonder … Read moreWhich matters more for building wealth: your saving rate or your investment returns?
A new report from the Center for Financial Services Innovation says that only 28% of Americans are financially healthy. And it reinforces something we already knew: The U.S. saving rate sucks. Americans don’t save. The U.S. Financial Health Pulse divides people into three tiers of financial health. Financially healthy people (28% of the U.S., 70 … Read moreWhy don’t Americans save?
For years, I’ve argued that your saving rate is the most important number in personal finance. “Saving rate” in the world of personal finance is the same as profit in the world of business. We all understand that a company needs to earn a profit in order to grow and thrive, but what most people … Read moreSpending rate versus saving rate