No Non-Cents Blog

Higher Interest Rates: Friend, Foe…or Frenemy? What High Interest Rates Mean for Investors and Borrowers If you've watched the news over the past couple of years, you've probably heard the phrase "higher interest rates" enough times to make you want to change the channel. Interest rates have become the financial world's version of the weather. Every day someone is talking about them, everyone has an opinion, and somehow they're blamed for just about everything. But unlike the

Inflation is one of those financial topics that sounds boring—right up until you leave Costco with four items, a receipt that's three feet long, and a sudden desire to review your retirement plan. As a wealth advisor, I spend a lot of time helping people think about retirement, investments, taxes, and long-term financial goals. But lately, many conversations start with something much simpler: "How did I spend $200 and only buy groceries for three days?" It's a fair question.

Most people underestimate what consistency can do. Investing doesn’t usually create wealth overnight — it builds gradually, quietly, and then suddenly. Kind of like gray hair, lower back pain, or realizing your favorite songs are now considered “classic hits.” So what actually happens if you invest $1,000 every month for 30 years? The answer is surprisingly powerful. The Math Behind Consistency If you invest $1,000 per month for 30 years, you would contribute: 1000 \times 12