Education. Experience. Integrity. These are the qualities that you should look for in seeking financial advice or investment management. Whether you are just starting down your financial journey, in your peak earning years, or in retirement, Prosper Financial will help you take the right steps for your financial future. Why trust Propser Financial? Prosper Financial is owned and operated by an attorney, Richard G. Pearce, Jr., who is passionate about personal finance and investing. Mr. Pearce created Prosper Financial out of a desire to share his passion for finance and investing free from the biases and conflicts of interest that plague the financial industry. For these reasons, Prosper Financial does not sell insurance or other products and only charges flat fees, so you can be comfortable that our advice is based only on what is in your best interest. Contact us, and you will see why Prosper Financial is the right choice to help you reach your goals.
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“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” -Albert Einstein In June, I wrote about compounding interest on debts, and how it is best to pay off your highest interest debts (factoring taxes) first. Today, I am going to discuss the much more fun side of the coin, and that is compounding returns on investments. The easiest way to look at compounding income is to use the rule of 72, which is that you take…More