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Financial Education for Kids

Why do people hesitate to save for retirement?

Are you a grasshopper or an ant?  Or are you a product of your environment?  Grasshoppers raise grasshoppers and ants raise ants.  If you were born into a family of spenders it’s pretty hard to become a saver.  It’s not part of your DNA.  Your mental model is to spend. Investing for retirement is foreign […]

The One Thing Every Millennial Should Do

Patrick O’Shaughnessy at the Millennial Invest blog wrote a post titled “6 Things To Do In Your Early 20’s.” Number two on the list is save and invest, and I believe this is the most important thing a millennial should do in their early 20’s. Ideally, investing should start at birth, it’s why I wrote […]

This child will live to 120 years, and could earn a million dollars a year!

This National Geographic cover from May 2013 feature various babies with the heading “This Baby Will Live to 120.”  With that in mind, let’s talk about the power of compound interest. A one time deposit of $4,000 into a mutual fund would equal $123,948,000 based on the math shown in this video. A person living to […]

What’s Your Plan if You Live to 100 Years Old?

For just a $1 a day, the oldest living American could have $89 million. Jeralean Tailey is now the oldest living American at 115 years old. If Jeralean invested $1.00 a day from birth, and received an average S&P 500 investment return, that $1 a day would be worth $89,023,066.00! That’s the power of compound […]