It’s been a quick two months since our launch and it’s been great to share financial knowledge with our followers. We decided to take a look back on the past two months to see our top 3 most popular posts and definitions. Here they are:

The Importance of Saving & How to Start

Everything You Need to Know About 401k’s

Accomplishing Your Financial Goals

Compound Interest: The interest an investor earns on his original investment, plus all the interest earned on the interest that has accumulated over time.

For example let’s say you put $1,000 in a stock investment, and it gives you a return of 5% every year. That means in year one you would have ($1,000 * 5% =$1,050) $1,050 in the bank. Now if you kept your money in your investment for a second year. Because of compound interest you would get ($1,050 * 5% = $1,102.5) $1,102.5 in the bank. This is why it is so important to invest your money. Your money can make money for you without you putting in any effort.

The definition for compound interest comes from investopida.com check out the link for more information: http://www.investopedia.com/terms/c/compoundinterest.asp

401k: A 401k is a retirement plan offered by employers, in which an employee contributes part of their salary to a designated retirement account. Keep in mind that the money that you contribute is pre-tax, meaning that the money gets put into your account before the government takes money from your income which is a good thing! Based on your company’s policy they will match the amount of money you place in that account. For example, if you put $100 into the account, your company will match that by placing into the account $100 so you end up with $200 in your account. Once the money is put into the retirement account it grows based on the retirement mutual fund investment you choose or is designated by your company.

Credit Score: A credit score is a number that lenders use to determine how reliable you are when it comes to repaying your debts. This number becomes especially handy when you want to get a mortgage, loan, or credit card. The number range is from 300 to 850, and the higher the number the better your score is. The higher your credit score, the more likely you will be approved for a loan. The best way to build your credit score is to continually repay your debts on time.

We can’t wait to continuing sharing financial tips and knowledge with you in 2016. Look out for our first 2016 post on Thursday, January 7. Enjoy the remaining hours of 2015! Thank you all for your likes, comments, shares, and support.

Got a great idea or suggestion of what you would like us to blog about? Please send your inquiries to stashadvisor@gmail.com. We are all about bringing you the most value!