I’ve followed Jim Cramer and Mad Money for 15+ years. Jim is a staple on CNBC and when I worked for an investment bank, the office TV monitors were always tuned to CNBC and Jim was always on. Jim is no doubt a smart guy — Harvard educated with a long career as an investment…
Author: Adam
Hey, I'm Adam. I started Wonder of Compounding in 2021 to help others learn about financial literacy and achieve their financial goals. I’m a lifelong student and eternal optimist with a passion for investing, technology and entrepreneurship. I’ve worked in the financial services industry for more than a decade. In 2008, I earned my Bachelor of Engineering and Master of Engineering from Stevens Institute of Technology and in 2015, I received my MBA from New York University.
401 k Employer Match – Don’t leave free money on the table
A 401(k) employer match is free money. Free money combined with the power of compounding is your chance to supercharge your retirement savings. Many employers match your 401(k), Thrift Savings Plan, or 403(b) contributions. This means your employer contributes a certain amount to your retirement savings plan based on the amount of your own annual…
How Tax Deductions Work: What you need to know to lower your tax bill
Happy New Year! Starting in January, you should start receiving tax forms from banks and other institutions in order to prepare your taxes for last year. Tax season is the period between January 1st and April 15th when taxpayers prepare their financials from the previous year and submit their tax returns either on their own…
Everyday Money Saving Tips for Frugal Living
Personal Finance Tips and Tricks Growing up in central NJ, I was the second of 4 children. My father was a high school chemistry teacher and had to take on after school jobs to increase his income. My stay-at-home mother was thrifty and always managed to stretch a dollar in our household to make ends…
How to Make Money Online: Side Hustles for Teens
Teenagers have lots of opportunities to make some serious cash but you need to think about creative ways to use your skillsets. Growing up, many of my friends had part time jobs working hours at jobs they didn’t really like for minimum wage. Don’t work hard, work smart. This post shows how to make money…
How much money do you need to retire?
The idea of retirement is scary to some because of the uncertainty and unknown associated with a timeframe so far in the future. When you are young, many can’t even fathom what retirement means and don’t even think about planning for it. The biggest long term financial goal that most people have is saving enough…
Analyzing Inflation This Year – Inflation in the USA
Almost every day, the news headlines include stories about inflation. We hear and see evidence of it constantly in our daily lives but what is inflation and why is it important? Let’s take a look at and analyze inflation this year, particularly inflation in the USA. Please note that all opinions expressed in this post…
How to Buy Stocks on TDAmeritrade – Step by Step Guide with Screenshots
This article provides a step by step guide on how to buy stocks on TDAmeritrade. We’ll go through the end to end process of buying a stock from account opening to trading your first stock. TDAmeritrade History and Background The company was founded as Ameritrade in 1971. In 2006, Ameritrade acquired the US operations of…
How to Invest – A Guide for Teens & Young Adults
Teaching teens and young adults how to save and invest is a great way for them to learn good financial money habits. A child under age 18 cannot sign legal documents or open a savings or brokerage account. However, parents can open a bank account and brokerage account for their child and when a child…
Test Your Parents’ Financial IQ
How do people typically learn about personal finance and how to manage their money? Wonder of Compounding conducted a nation-wide survey and the results were not that surprising. 56% of respondents said no one taught them and they had to learn on their own. 21% learned personal finance topics from their parents. 13% took electives…