Understanding The Expense Ratio And How It Affects Your Investments

When it comes to anything in life, you don’t want to pay more for anything if you don’t have to. Not wanting to pay for anything you don’t have to is also true with investing.

An expense ratio can most easily be defined as the cost for a fund to operate vs. its assets’ total value.

When paving your way to becoming independently wealthy, focus on continuing to save money. Take control over your money, don’t spend more than what  you make.

Debt is one of the reasons why people are having a difficult time becoming independently wealthy. Especially debt with high interest rates decreases your ability to build other wealth.

Investments are proven to build your net worth effectively. If you focus on making these long-term passive income sources, growing your wealth will be possible for you.