This article describes Comparative Advantage, which is the term used to describe how one person, business, or economy, is able to outproduce one product or service compared to another person, business, or economy. Click on this post to learn about different types of comparative advantage, and to see an example of how it works in the real world.
Having trouble knowing how to communicate your raw portfolio data, into consolidated, comprehensible reports? Look no further. This article details step-by-step instructions on how to use Excel to to graph your portfolio’s values.
The most important reason you would want to use excel to track your stock portfolio is trying to calculate your profit and loss from each trade. Read this article to step-by-step instructions on how to calculate your profit and loss using Spreadsheets.
If you’ve been trading for a long period of time you might have been curious to know what your daily returns were. Excel and Google Sheets can help you efficiently calculate this in a simple way. Suppose we started trading on August 29th, 2017. It is now September 7th and we would like to know Read More…
Before you can consider creating graphs to demonstrate your portfolio values, or calculating the profit and loss of your trades, you need to import data from your portfolio into a spreadsheet, and make some sense of these numbers. Read this article for guidance on how to export data from your portfolio into excel successfully!
Gross Domestic Product (GDP) is a measure of the total economic output a country makes in a given year, and indicates the total size of the economy. Want to learn about how it is calculated? This article will answer that question, and more!
Personal Finance Lab was designed as a simple and effective resource for teachers. Click on this post to find out just how easy it is to use!
One important key to personal finance success is putting your money to work. Read this article to find out how!
The best time to start saving is NOW!
If you can start saving and investing just $110 per month when you turn 18 earning the standard market rate of return, you will have saved up over $1 million by the time you turn 65. This amounts to saving just $62,000 – letting compound interest and the markets do the rest.
If you wait until you are 25 to start saving, you’ll need to increase your monthly savings by $90 per month to reach the same goal – saving up a total of $96,000.
By waiting, you will need to save an extra full year of wages just to reach the same goal! Start saving now, for huge returns in the future!
Saving a million dollars is easier than you think!