Category: Personal Finance

I am not quite sure how many times I have heard it said: “A penny saved is really truly a penny earned.” Old Ben Franklin was so right back then when he said it and the truth is it hasn’t changed in all those years. What that actually means is this: If you sit around and moan and groan that you just don’t have enough, earn enough, save enough or just can’t do what you want to do to try to build your wealth, there is a way you can at least start.

Taking small steps will get you to your goal and even better, those small steps can lead you to being an investor where you can actually make your current income earn a lifetime additional stream of it! So follow my advice today and stop saying “I don’t have enough money to invest!”

This is one subject I never get tired of writing about. It’s the “how do I get a huge interest rate on my money” deal. I know you may think I am making this up, but I’m not. Even though I have written about this subject several times before, I am truly amazed that there are still multi-millions who don’t pay any attention or just don’t believe it. Do you think that I would tell you about making 8% plus on your money and take no risk just as a joke here? The time has never been better to do it and it is the silver lining right now in the inflation picture!

High Inflation Has One Good Result

Given the high inflation numbers reported this week with the Consumer Price Index rising 8.5% over the last 12 months, you might think that any interaction with the U.S. Treasury would not be a way to protect and grow your money right now. That thinking is waaaaaaaaaaay wrong. In fact, using the Treasury is as good as gold. That is because there is a little something called Series I US Savings Bonds. Everyone can buy and take advantage of these, and get a rate of interest that hasn’t been seen in almost…forever! You can lock it in, sit back, and see your money really grow no matter what the final inflation numbers wind up being for 2022!

No matter what age you are, it seems you can always learn something new and that is a wonderful experience. For me, it’s been a pretty interesting ride these past eight years of blogging. I’ve gotten to meet some of the most intelligent, driven young people who are creating exciting new pathways to become successful themselves and yet also making financial literacy education a priority.

But financial literacy isn’t stressed as it should be. Overall it is a real need for young people to master early in life. It helps them to meet all the financial challenges they will have to deal with to build financial security in their lives.