Future value is the amount your original deposit will be worth in the future based on earning a specific interest rate over a specific period of time. Figure out how much your savings will earn and grow by multiplying the principal by the annual interest rate and then adding that interest amount to the principal. (more…)

Successful financial plan must include or take into account the following condition:

- It is based on ‘hard’ facts, such as age, earnings, health, investments; and ‘soft’ data such as attitudes, beliefs and values.

- The plan must be a clearly written, logical document that uses language appropriate to the individual. (more…)