Our CEO’s column in our employee newsletter, Logix Out Loud, is always an enjoyable read. Usually it is filled with big happenings at Logix, ideas for providing great service, or insights about how the credit union is doing. This month, Dave used his column to tell our staff about one of his favorite books, “The Richest man in Babylon.” The financial advice in the book is timeless, and certainly worth sharing with our members. Here’s Dave’s post to our staff:
The Richest Man in Babylon - A book review by our CEO, Dave Styler
Logix News,
Consumerism and Spending,
Debit and Credit Cards,
Student Loans,
Investing and Financial Planning,
Home Loans and Home Equity Loans,
Saving
Thursday, June 30, 2016
Who wants to be a millionaire... when you retire?
Monday, May 02, 2016
Smart Moves with Your Tax Refund
Friday, March 11, 2016
The Money Value of Time
Thursday, February 12, 2015
In my Finance 101 class, my teacher taught us about the time value of money, also known as “present discounted value.” The general concept is this: the money in your change jar is worth more today than it will be tomorrow because it has opportunity to earn that extra day of interest. The time value of money is, for example, why the government loves sending you a tax refund. They know that you’ve loaned them free money each month, so any interest they gained could have been yours.
