What happened to Bear Stearns?
The recent collapse of the 85-year-old Bear Stearns Investment bank happened because there was a run on the bank and they ran out of cash! The share price crashed from $10.00 to $2.00 in a… ---> Continue Reading
Understanding the Debt Cycle - The Depression of 1930
Currency in paper form was devised because it was more convenient than having to carry around gold if you wanted to buy anything. Credit was devised because people wanted to trade or do business with… ---> Continue Reading
Understanding Finance - The Debt Cycle
In order to make the transition from poverty consciousness to wealth awareness you need to educate yourself. You will find the one thing that puts the average person in a financial cage that forces him/her… ---> Continue Reading
Calculating Simple Interest
Simple Interest is simply the interest earned on the principle. This means once the interest is made, it is not added to the principle for compounding.
In this formula:
I = P x r x T where….
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