Compound Interest In Investing

Compounding is the process of generating more return on an asset’s reinvested earnings. To work, it requires two things: the reinvestment of earnings and time. Compound interest can help your initial investment grow exponentially. For younger investors, it is the greatest investing tool possible, and the #1 argument for starting as early as possible.

 

Compound Interest in Investing

There is a common trait among those who obtain and retain great wealth over a long period of time. This trait is the appreciation of the awesome power of compounding investment returns. It is the source of the colossal wealth of major banks, insurance, and credit card companies in most parts of the world. Those who develop this appreciation, especially when they were young, have an excellent chance of becoming prosperous.

Using compound interest to invest can be done in so many ways and in different windows of investment that are available to humans. For instance, you may use this system by setting aside a given amount of money and re-invest it over time, or you may choose to keep on adding more funds into the investment over time.

Any serious wealth builder cannot afford to ignore the power of compound interest. If you chose to go the way of compounding, results might appear unimpressive in the early years. Of course, there will always be trinkets, expensive cars and luxuries to lure you from your plans. But, think about this: compound interest is like a daredevil ride in an amusement park. It often starts slowly but ultimately reaches tremendous pace and never stops accelerating. Similarly, the joys of financial freedom far exceed the momentary pleasures of buying all the latest toys. It is definitely worthwhile to persist.

How to benefit from compound interest in investing

  • Start investing early using whatever funds available to you – even is it is just $100. Do not procrastinate as this holds you back.
  • Learn to be content with satisfied with reasonable rates of return. If you want to chase high returns, it may cause you to take bigger risks with your money.
  • Have a plan that allows you to save at least 10% of your take home pay for investment every month. Setting up an automatic payroll deduction monthly is an excellent way to accomplish your goals.
  • Try to pay off your home mortgage as soon as you can. And if possible, go for an open mortgage with no prepayment penalties. The sooner you pay off your mortgage, the less interest you pay.
  • Also, try not to put yourself in credit card and other high-interest debt. They could become compounding working against you.

Start investing early for your children, preferably at birth. Investing early enhances your compounding returns.

Check out the following calculator to see how the compound interest can be used to estimate the future value of current investments!

https://www.nerdwallet.com/banking/calculator/compound-interest-calculator

The Popularity Of Homeschooling

What used to be considered a fringe group, homeschooling is now one of the fastest growing sectors in education. In many states, recent homeschool enrollment has grown by nearly 10% in the last year.

Easy access to specialized tutoring, parental frustration with the current testing system and common core requirements, and child safety are just a few of the reasons that more and more parents are electing to enroll their children in homeschooling programs.

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More Parents Are Emphasizing Children’s Strengths

In public and private schools today, many children are being classified in ways that prevent them from reaching their highest learning potential. The over diagnosis of issues such as ADHD and the strict requirements of public schools in regards to testing are just a few examples. Instead of dealing with these constraints, many parents are choosing to homeschool their children.

By homeschooling, parents are able to tailor curriculums and teaching methods directly to their children. This allows for children of all learning types—whether they are auditory, kinesthetic, or visual learnings—to focus on their strengths.

 

Help Is Easier To Get

But what happens when parents are unable to give their children help in specific areas such as mathematics? In the past, getting specialized help was something that many homeschoolers could not access but in the world we live in today, math and other specialized tutoring is widely available.

As more parents adopt homeschooling as their preferred method of education, more specialized tutors are becoming available to help parents fill in any knowledge gaps to ensure each child has the education they need.

This style of homeschooling that mixes at home core teaching with external help from tutoring services allows children to have individualized learning paths that are still much more affordable than private school solutions.

 

Are You Homeschooling and Need Help?

If you are a parent that has decided to homeschool your child, there may be times when you need a little extra help, especially when it comes to certain math concepts. At Infinity Math Tutoring, we can provide supplemental help for math at any grade level.

From helping your child grasp tough concepts in high school or helping build strong core understanding in grade school children, the tutors at Infinity Math Tutoring are dedicated to help you give your child the education they deserve.

For more information on our tutoring services and how we can help homeschoolers in Detroit and the surrounding areas, get in touch with us today by calling 734-301-0352.

Common Core Math in the 8th Grade

Eighth grade under the Common Core Math system focuses on three different principles, covering a range of topics. Students will learn several about several topics, such as:

  1. Understanding linear equations
  2. Having a fundamental understanding of functions and how they are used
  3. Geometry topics, like the Pythagorean theorem and volume of prisms

Expressing Concepts With Equations

slope intercept form

One of the main goals of 8th grade Common Core math is to help students understand equations, how to express them, and how to evaluate equations. Linear equations, such as y=mx+b, are introduced in 8th grade mathematics. Expressions that involve radicals and exponents are also taught.

 Understanding Functions


function_machineFunctions are another core component of 8th grade mathematics under the Common Core system. Students in 8th grade will learn how to define various functions, evaluate functions under given parameters, and how to use functions to describe relationships between two quantities.

 

Geometry Concepts

geometric shapes

Many principles of algebraic geometry are introduced in 8th grade mathematics. After exponents are covered, learning theorems such as the Pythagorean Theorem to determine the hypotenuse of a right triangle are taught. Real world concepts that involve 3D shapes such as cones and cylinders are also a key aspect of 8th grade mathematics.   These concepts will be very useful when students begin preparing for the new SAT math format.

 

Does Your Child Need Tutoring?   We Can Help

8th grade is a very important year for mathematics and is a shift in understanding that requires students to grasp many different concepts. Tutoring from Infinity Math Tutoring is available to ensure that your child truly understands these valuable concepts. Without fundamental understanding of these principles, later years of math will only get harder.

At Infinity Math Tutoring, we place an emphasis on creating specific tutoring plans that are tailored to your child, giving them all of the help they need based on their learning style and speed. Contact us today if you are interested in 8th grade math tutoring for your child.

STEM vs. STEAM: What difference does “A” make?

In almost every recent discussion about education, you will undoubtedly hear the term STEM. With a focus being placed on the technology sector and certain skills being an absolute necessity in the job market we are entering today, an emphasis on STEM is easily understood. Today, however, there is a new acronym that is starting to gain momentum: STEAM. So what exactly are STEM and STEAM systems of education, why do they matter, and which is better? Here’s what you need to know:

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What Is STEM?

STEM education is a specific system of education that involves science, technology, engineering, and math. At the heart of STEM education is an underlying understanding that the job market today relies on these skills.

Having a deep understanding of technology, engineering principles, science and mathematics is necessary to the progression of the workforce. From critical thinking and problem solving, the skills taught in STEM programs are used for solving real-world issues that jobs will demand.

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What Is STEAM?

Then you have STEAM. Like STEM, the acronym STEAM has science, engineering, technology, and mathematics. But STEAM adds one more core principle: arts. STEAM proponents believe that the arts still belong in core education and are directly able to integrate with STEM education. Proponents believe that STEM is a system of rigorous education and including arts can take away from the core concept of STEM education.

Which Is Better?

Ultimately, the debate wages on with arguments from either side. However, the arguments may have middle ground. The type of arts included in STEAM may not be as liberal as many STEAM proponents suggest. Instead of a focus on music, drama, and theater type arts, technology and scientific integration is necessary. Through design elements for manufacturing and engineering, art is required. Creative thinking and communication is also a core art concept that can be important for STEM subjects.

 

Is Your Child Interested in a STEM career?

The average wage for all STEM occupations nearly double the average for all occupations.Students interested in STEM must develop the confidence to apply many mathematical concepts to real world environments.  Math tutoring can be a valuable tool in developing a student’s confidence and skills in STEM.  Let Infinity Math Tutoring help your child harness the enthusiasm and proficiencies required to pursue a future career in the STEM industries.

Students Struggling to Meet Wayne State’s Math Standards

“We wouldn’t be doing our job if we didn’t have a math standard and have people live up to it”

struggling-to-meet-math-standardsTwo years after Mishelle Kennedy finished her classes at Wayne State University, she still can’t get her degree. The Royal Oak Township resident is being held up because she can’t pass a math test – a requirement that administrators say is at the level of high school math.  This is an example of many students struggling to meet Wayne State’s math standards.

An estimated 1,500 others couldn’t because they are in the same bind as Kennedy.

The situation is the result of math placement policies that changed five years ago.  These policies are still impacting students today as WSU works to help these students graduate.

For Kennedy, 43, the lack of a degree means she can’t further her career as a state social worker and possibly earn up to $10,000 more annually to support her four children.

“I can count my money, I can take 33 percent off of a dress on sale at Macy’s. Why do I need algebra?” said Kennedy, who is taking the test again in January.  “Give me math that I would use as a social worker. It is so unfair.”

Howard Shapiro, associate vice president for student services and undergraduate affairs, said his heart goes out to students like Kennedy who are unable to graduate because they can’t pass the math test. He is proud of the university’s high math standards, saying they teach students to think critically.  “We wouldn’t be doing our job if we didn’t have a math standard and have people live up to it,” Shapiro said.  “We should be more subject to criticism if we don’t get people to do math at a reasonable college level.”

The subject of scores of national reports, math is widely regarded as necessary in technology, business, finance and health and critical to global competition.  Lining up Wayne State’s math requirements with competition is an intelligent decision.

Before a recent test, many students expressed anxiety because they had taken the test before.  It has become a big frustration to many traditional students.  

Intimidated by the Math portion of an exam that can help further your career goals?

Call Infinity Math Tutoring to overcome your Math fears and Excel in Life!