Time Value of MONEY Decoded

Time Value of MONEY Decoded, Snowballing Your Way to Financial Freedom an e-book by Jeremy Kho.

The author is a millennial in his early thirties with “5 years of experience in the consultancy firm in Singapore” as well as other experience that “helped him to think more logically and systematically in investing.” Realizing that many young persons often do not think about money matters until it is almost, if not actually, too late, he decided to provide this short instructional with some of the basics. In Section One the essentials about Time Value Money (TVM) and its Management are presented. Section Two sets forth a strategy to employ that focuses on the very concept and gives advice with respect to the time value of money math behind it. Spread sheets “even are provided” where you can apply “exactly what you need to know”. The author offers examples and simple explanations of simple bank interest, compound interest, effect of inflation, mortgage rates, stocks, stock funds and other relevancies with respect to time and money. Also sets forth the Rule of 72 and how to use it to discern the number of months (or other period) that would be required, for example, to calculate future value and the reverse. More material follows about ordinary vs. fixed annuities, variable and indexed. To paraphrase, he has attempted to establish a foundation for all time value of money and has furnished cash flow diagram description and explanation of ways to estimate how much money invested now will produce in the future, and/or what one would be required to do now to reach X figure at a given time. Then, a section entitled “Achieving Financial Freedom in the Years Ahead” opens with a quote from Benjamin Franklin: “Think what you do when you run into debt: you give to another power over your liberty.” This is followed by the admonishment to “Stop paying interest to the bank, stop getting into further debt! Focus on paying off your debt instead.” A specific step by step agenda is provided to attain this goal with the next being to start saving and “Snowballing Your Way to Wealth” with again a specific plan. A most helpful last few pages of the book offer specific references that detail routes to learn almost anything: “From coding to app development, writing to book publication.”

Discussion/Conclusion: A simple helpful primer for the neophyte.

4* simple helpful primer for the uninitiated.

Voor Elise, Memories of the ‘Lo

Voor Elise, Memories of the ‘Lo ISBN: 9781457552632, first offered by Dog Ear Publishing, a memoire in e-book by Denise Keustermans and Henry Sienkiewicz.

This is a story “about seven children left orphaned after their parents’ deaths” and their struggles “to find their own paths, paths that went across borders and oceans.” And “They each found their own route without losing sight of one another.” The storyteller’s grandfather was “the eldest of the seven; Elizabeth (Elise) was the fifth in line” and the person around whom most of this story centers. It begins in the very small Belgium town of Kessel-Lo (‘Lo) in the early 1900’s with the hard life of the poorer families, progresses through the brutal effects of WW I and proceeds to her meeting an American soldier. It then follows her marriage and move to a small Texas farm where life not only is brutally hard but increasingly difficult in the extreme because of a dominant mother-in-law and a husband who drinks heavily and is having an affair. Her subsequent activity is presented in some detail along with her constant attempts to maintain contact with other family members, especially with her often responding brother Michael. Vignettes of the grandfather are included as are pieces about the other members of the family. An Epilogue provides bits about the story teller’s husband as well as her children, their activities and that of the grandchildren.

The memoire ends: “Rather than diminishing over the years and across the miles, our connections have deepened. Elise’s children have remained in contact with their cousins. Our ties to the ‘Lo have only deepened, and the families across the oceans are as one. In the words of Elise’s pastor, we have let peace and happiness rule our hearts and we are glad that we could call this lovely woman our mother.” This is followed by Authors’ Notes which for some undefined reason regrettably stop in mid-sentence.

3* 4*Depressing but poignant for readers appreciating mitigating effect of familial ties on hardships.