The geometric mean is the average of a set of numbers by using the product of their values, as opposed to using the sum, as in the arithmetic mean. The value of this method of calculating average can be seen commonly when calculating the performance of an investment or portfolio. … [Read more...] about Basic Math: Geometric Mean Average
Archives for November 2023
Seven Stages of Wealth Building
One of the biggest problems I had when I was first starting my personal finance journey was figuring out what were 'reasonable' targets. I wanted a more definitive set of targets to strive for that also had a basis in real changes to one’s quality of life, stage of living, wealth position, etc. I wanted these targets to be... … [Read more...] about Seven Stages of Wealth Building
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