Have you ever wondered how businesses determine product prices? It all starts with understanding the applications of margin and markup. Whether you're strategizing pricing for your own business or aiming to decode pricing psychology during your next shopping trip, knowing the difference between margin and markup can empower you to make informed decisions. To start,… Read More
Finance Articles
How Much Do I Have to Earn Per Hour to Afford the Cost of Living?
Even if you live frugally, there are some expenses that just can’t be avoided as an adult. There’s the food you need to eat. The mortgage or rent for the roof you live under. The car payments, public transportation tickets, or bike costs that you need to get to where you need to go. As… Read More
Calculating the Return on a CD
Anyone who is looking through the sea of investment opportunities is bound to come across the mention of a certificate of deposit — or CD — at one point or another. But, what exactly is a CD? How does it work, and how much return on investment can you expect from one, especially depending on… Read More
Also posted in Money
Tagged CD, certificate of deposit, compound interest, interest rate, investment
May 2, 2023
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How Does Compound Interest Work with Investments?
The world of investing is a wide one. For some, this is an exciting prospect. But, for others, it can be overwhelming. Regardless of whether you’re a novice or experienced investor, one finance topic you’ll have to understand and work with is the idea of compound interest. With compound interest, your money can serve you… Read More
Also posted in Money
Tagged certificate of deposit, compound interest, interest rate, investment, mutual funds
March 3, 2023
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CAGR vs IRR vs XIRR in Evaluation of Investment Returns
Investment professionals and individual investors often need to estimate the profitability of a given investment opportunity, or to retrospectively assess the results of past investments. This is typically done with the idea of comparing two or more opportunities and deciding which one to choose. Think two or more mutual funds, hedge funds, stocks, systematic investment… Read More
Also posted in Money
Tagged cagr, investing, Investments, irr, net present value, npv, time value of money, xirr
February 6, 2023
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Getting Paid 45 an Hour is How Much a Year?
Being a gig worker — whether that means freelancing or consulting — used to be a rarity. In today’s economy, however, many people are choosing the freedom and convenience of freelancing because they prefer the perks of it to working in a traditional job. One of the biggest and most important questions to ask before… Read More
Also posted in Business, Money
Tagged freelancing, hourly pay, income, salary, work
November 24, 2022
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What is the Assumption of Break Even Analysis?
Most of us know what “to break even” means. In the context of a company earning a profit, breaking even means you didn’t lose money, but you also didn’t earn. For some companies just starting out, breaking even isn’t so bad, especially if you’ve invested money to start the business, or you’ve recently put a… Read More
What is $15 an Hour as a Salary?: Is Your Pay Worth It?
Increasing the minimum wage in the United States has been a major topic of discussion recently. There are many who want to have the minimum hourly wage for workers raised to $15 an hour, compared to the $7.25 which it's set at now. Many might be wondering what $15 an hour would be as an… Read More
Also posted in Money
Tagged hourly pay, minimum wage, pay, salary, taxes
June 28, 2022
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How Much to Spend on Groceries?
Grocery shopping can be stressful for some, especially knowing how quickly the prices can add up and what to buy to give you the most bang for your buck. Being aware of what to spend on groceries and how to budget your food money can lead to major savings down the line and a decrease… Read More
Compound Annual Growth Rate (CAGR) – A Complete Guide
In this article we will talk about CAGR (Compound Annual Growth Rate) in detail. The formula for calculating it is presented in detail with examples. It also covers how to calculate it in Excel, how to interpret it, its utility in assessing financial assets, making predictions, and more. What does CAGR stand for? What is… Read More
Posted in Finance
Tagged annual growth, CAGR calculator, compound rates, financial forecasting, growth rate, Investments
January 27, 2020
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How to Choose Where to Invest Your Money Based on APY
Whether you’re currently a small business owner or you’re thinking about opening up your own business, at some point, you will need to make some important investments. These investments may be to help you get your business off the ground, or they could be to re-invest in your business to help it grow overtime. Additionally,… Read More
Also posted in Business
Tagged APY calculator, APY calculator for business, online APY calculator, What is APY?
October 5, 2019
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Figure Out Your Home’s Worth With a CAGR Calculator
If you have ever purchased your own home, then you know that it was a major investment. And, when the day comes and you’re ready to sell it, you'll want to be sure that you'll be getting back that initial investment and then some. The question now is, “What is the value of my home?”… Read More
Also posted in Mathematics, Money
Tagged CAGR calculator, online cagr calculator
August 29, 2019
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What Does Net 15, Net 30, and Net 60 Mean?
Say you’re a full-time freelancer or you run your own business and you've just wrapped up a job for a client. You've sent off an invoice and are excited to finally get paid for your work. Then, their accounts department informs you that you’ll be paid in Net 15, Net 30, Net 60, or some… Read More
Also posted in Business, Money
Tagged Is Net30 business days?, online business days calculator, What is Net30?, What is NetD?
August 15, 2019
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What Makes a Business Project a Good Investment?
Investment opportunities are everywhere these days, but if you’re going to shell out some of your hard-earned money, you want to make sure that it’ll pay out in the end. When you’re deciding how to invest and what to invest in—whether it’s a start-up business, cryptocurrency, or something else—ask yourself the following questions and use… Read More
Is College Worth the Investment?
When you tally up the cost of tuition, textbooks, room and board, and other miscellaneous expenditures involved with going to college, it quickly becomes clear that it’s going to be a hefty investment. When you start to imagine the price, you might be wondering, “Is college worth it?” To see if the decision to go… Read More
Also posted in Education, Money
Tagged college, college costs, college investment, is college worth it?, paying for college
February 27, 2019
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