Category: Saving & Investing

One of the things I shouldn’t ever have to explain to anyone is this simple fact: If you are saving money, in any way, you are actually earning money! It’s effectively the same thing and it’s something you can do almost every time you shop. Even if all you are doing is heading to the grocery store, the gas station, or the mall, when you save when you shop it means that your money isn’t going anywhere except into your pocket just as if you “earned” it. Saving money is earning money!

Something Really Good Happens When You Save

Although you could waste your precious time debating whether or not earning more at your job, side gig, or working for your Uncle Fred in Tucson is a better way to get more cash and build your wealth, why bother? (Spoiler alert: You can do both.) You deal with money every day and you have it in your hand all the time, so why not figure out new and better ways to hold on to to some more of it when you must spend it?

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.

The highest inflation in over 40 years is hitting consumers and rippling through the economy right now, but I don’t have to explain that to you. If you shop for anything these days, you know where prices are heading and that is up, way up.

It’s obvious by now that the Federal Reserve got it wrong when they said that inflation was “transitory” and now we are all in a mess. There really is no end in sight right now for when inflation will wane and prices will return to a manageable level. No one knows the actual date and time. Since we don’t know, there is another way you can look to offset rising prices…maybe. The answer might just be to make some money by investing in inflation stocks when inflation is skyrocketing!