Interest Rates

When asked what he owes his success to, legendary investor Warren Buffett said “My wealth has come from a combination of living in America, some lucky genes, and compound interest.” For anyone not counting, he’s parlayed that into a net worth of about $68.7 billion. Compound interest is so powerful that scientist Albert Einstein famously […]

In response to the economic impact from the Coronavirus concerns, the U.S. Federal Reserve announced an emergency rate cut this week. The Federal Open Market Committee axed the target by a half percent, going from 1.75% down to 1.25%. It’s the largest single reduction since 2008, when rates were adjusted to respond to the financial […]

Having a low credit rating can have a profound effect on your financial life, especially when it comes to making major purchases. Banks, credit unions, and other traditional lenders will usually balk at your business, leaving you with a narrow range of options that carry higher interest rates and other disadvantageous terms. Many dealerships promote […]