You may have already heard of the "Rule of 72". It seems easy enough: To figure out how many years it will take an investment to double its value, just divide 72 by the interest rate.

So if you're earning 6% APY, it'll take 72 / 6 = 12 years to double. If an investment has a 8% yield, you're looking at 72 / 8 = 9 years.

OK, so what's the problem? This seems straight-forward; why am I even writing a blog post about this?

Here's the thing: The Rule...

Annual Percentage Rate (APR) and Annual Percentage Yield (APY) are standardized ways of describing the amount of money that you might pay on a loan or earn on an investment, but what do they really mean, and what is the difference between the two phrases? Even more importantly, how can you use these numbers to determine what is the best opportunity for you?

The APR is the amount that an investment (or loan) grows in a given period, multiplied by the number of those periods in a year....

A friend of mine sent me this graphic. I got curious and decided to do some fact-checking.


Source: Millionaires by Chris Piascik

It turns out that the first part is true. Of the 534 members of Congress, at least 268 (50.2%) had an average net worth of $1 million or more in 2012, and they collectively had a median net worth of $1,008,767, according to disclosures filed...

My name is David Beroff, and my long-term goal is the development of a new social media site called AboutTh.is. A year ago, I cut my day-job hours in half so as to have more time to focus on self-employment. Since it will be quite a while before AboutTh.is will be in a position to earn me a full-time income, I've been finding various projects to help cover my day-to-day expenses.

One of the gigs that I found was thanks to a fellow Warrior. In January, he introduced me to the owner...