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Better Finances for a Better You

← All Neontra Newsletter Issue #092 091 →

← Curating the web to find the most interesting and helpful information about your money.

Estimated reading time: 6 minutes

Did you know?

Have you heard of the Rule of 72? It’s a quick way to see how fast your money can double. Just divide 72 by your expected interest rate, and you'll know how many years it will take. This simple formula can help you make smarter financial choices!

The Rule Of 72 Chart For Investing →

Word of the week

Rule of 72

The Rule of 72 is a simple way to estimate how long it takes for an investment to double. By dividing 72 by the annual rate of return, investors can find an approximate time frame. This method is most accurate with low interest rates. For a more precise calculation that includes compound interest, the Rule of 69.3 can be used.

The Rule of 72: Definition, Usefulness, and How to Use It →

Budgeting

Frugal living discussions often talk about pinching pennies or “stretching a dollar.” A penny saved is a penny earned, or so the saying goes, but is that actually the case?

The Upside of Frugality →

Quote of the week

"The world has not yet learned the riches of frugality"

- Marcus Tullius Cicero

Infographic of the week

Visualizing Major Asset Class Returns in 2024

Bitcoin surged to all-time highs, gold saw its best performance in 14 years, and the U.S. dollar rallied thanks to a strong U.S. economy. Meanwhile, the S&P 500 saw its best two-year run in over 25 years. On the flip side, bonds experienced lackluster performance amid reflationary concerns. This graphic shows major asset class returns in 2024, based on data from TradingView.

Visualizing Major Asset Class Returns in 2024 Bitcoin and Gold Outperform in 2024 →

Investing

5 steps to achieve the life you want through investing by Mark LaMonica

1) Define your goals and develop a plan to achieve them 2) Start saving and investing as early as possible 3) Debt and other obligations can significantly impact your ability to achieve your goals 4) Saving and investing provides options for an uncertain future 5) Happiness is not based on your net worth

Being a successful investor is not about finding the best ETF. It is about integrating your investment strategy and approach with your life to form a symbiotic relationship →

Fun stuff

"Neontracks..."

Music About Money →

Listen to our Neontrack playlist when you have music and money on your mind.

← All Neontra Newsletter Issue #092 091 →