Michelle Curry

Understanding Compound Interest Compound interest, a core concept in finance, allows your money to grow faster than simple interest. It involves earning interest on both the initial principal and the accumulated interest from previous periods. This process continues over time, effectively multiplying your investment. Consider a $1,000 investment with an annual interest rate of 5%. […]

Understanding Wealth Preservation Wealth preservation involves strategies to protect existing assets and maintain their value over time. It’s crucial in securing financial stability, especially in light of economic uncertainties. By safeguarding assets, it becomes easier to endure market fluctuations and unforeseen expenses. Diversification, insurance, and asset protection are common techniques for preserving wealth. Diversification involves

Understanding Debt As A Financial Tool Debt plays a dual role in personal finance. It can hinder growth or propel it, depending on how it’s managed. Understanding its potential as a financial tool involves recognizing the difference between using debt for consumption and using it for investment. Borrow for Investment: Allocating funds to acquire assets,

Understanding Financial Planning Financial planning involves mapping out an individual’s financial future. It covers areas like budgeting, savings, investments, and estate planning. A certified advisor offers expert knowledge in creating effective financial plans tailored to specific goals and circumstances. Planning identifies objectives like purchasing a home or saving for retirement. By setting clear targets, people