Time Value of Money in Financial Decision Making Leads to Greater Wealth

Make the Time Value of Money Work for You

“A bird in the hand is worth two in the bush”

This medieval proverb still holds true today. In modern terms, it’s better to have a certain payoff today than an uncertain one in the future. After all, who knows what the future holds? By understanding the importance of time value of money, you can find out how to hack the TVM concept for your own benefit.

 

What is TVM? What if someone offered you $10,000 today or $10,000 in three years?

Of course you...