Newsletter
Towards a Healthier Financial Future
← 036 Neontra Newsletter Issue #035 034 →
Estimated reading time: 6 minutes
Did you know?
According to the National Retail Federation (NRF), the average American planned to spend $826 in 2022 on Christmas gifts, food, and decorations. Of that $826 dollars, around $500 are spent on gifts for family members.
Budget for all your holiday spending and ensure don't spend too much →Word of the week
Time Value of Money (TVM)
The idea that money that is available now is worth more than the same amount in the future is known as the time value of money, or TVM. This is due to the fact that money that is invested has the ability to grow, and the longer it is invested, the more value it will gain. Money acquired later is viewed as having less value since it has less time to increase through investments.
Model and forecast the growth of your money. Define projected growth rates & visualize likely scenarios →Quote of the week
"It's so simple. You spend less than you earn. Invest shrewdly, avoid toxic people and toxic activities, and try and keep learning all your life, etcetera etcetera. And do a lot of deferred gratification because you prefer life that way."
- Charlie Munger
Infographic of the week
What You Need to Earn to Own a Home in 50 American Cities
Between skyrocketing prices, stagnating wages, and now rising interest rates, the deck seems to be increasingly stacked against home ownership. Using May 2023 data tabulated by Home Sweet Home, the Visual Capitalist maps out the annual salary needed to afford a 30-year mortgage (at 6.37%) to buy a home in America’s 50 most populous metropolitan areas.
The Least and Most Affordable American Cities to Own a Home →Saving
How to avoid 'lifestyle creep'
NPR Life Kit: Making more money tends to lead to spending more money avoid "lifestyle creep" →Investing
Virtual Portfolio and Watchlist
With our free Virtual Portfolio, you can take your first steps into the investing without risking losing any money. Select, monitor and evaluate performance of thousands of ETFs, stocks or funds.
Simulate the trading of thousands of stocks, ETFs, commodities and currencies →Serious stuff
The biggest money mistakes that could change your future — and how to get ahead of them right now
Sophie Kiderlin of CNBC make it: Avoiding the most common financial mistakes →Fun stuff
"Someday that bossman will wash my car While I watch and smoke a big cigar Just wait just wait till I get my money, oh yeah Just wait just wait till I get my money, you wait"
Which artist is #1 on our Neontrack playlist this week?
Listen to our Neontrack playlist when you have music and money on your mind.