CPR profits rise
Canadian Pacific Railway reports $664M Q4 profit, up from $545M Canadian Pacific Railway Ltd. says it earned a fourth-quarter profit of $664 million, up from a profit of $545 million in the same period a year earlier. The railway says its profit amounted to $4.82 per diluted share for the quarter ended Dec. 31, up […]
How Any Fifty-Year-Old Can Retire A Millionaire
The steps to follow in order to become a millionaire are simple. Save money, regularly, over time. However, there would be many more people reaching this wealth-building milestone if it were easy. While the net worth of many hard-working Americans skyrocketed during the last decade, nearly half of all families have nothing saved for retirement. […]
Typical Retirement Savings By Age Groups: Are Yours Bigger?
How does your saving for retirement compare to nest eggs built by other people your age? Are your IRA and 401(k) balances bigger? Smaller? If you are an active saver, chances are that your savings for retirement are much bigger than the average American’s. Active savers — in this case, Americans who own an IRA […]
This simple formula tells you how long it will take for your money to double—while you sit back and relax
If you put your money in the right places, it can grow substantially over time, thanks to the power of compound interest. It could even double, while you don’t have to do a thing. Want to figure out just how fast your money could grow? The “Rule of 72” approximates how many years it will […]
The No. 1 thing people with fat savings accounts scrimp on that you likely don’t
Housing may be the key to bigger savings. Earlier this week, a Reddit post — from a 48-year-old woman claiming to be a millionaire despite having only low-paying jobs until about age 30 — went viral, and in it she details some extreme frugality. She says she saves tea bags so she can make multiple […]