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How to Save for the Future

July 8, 2019

The US Treasury released a new report on behalf of the Financial Literacy and Education Commission that recommends mandatory financial literacy courses for college students. Currently, many lack the knowledge and wisdom to make financial choices throughout their lives that give them the tools to effectively participate in our economy and support themselves.

My question is why are they waiting until a child has turned 18 to educate them on how to save and the value of saving during one’s youth?

The only piece of this report which I found had true value was in the Provide Ongoing Support section, which recommended enabling continuing opportunities for people to build their knowledge, confidence, and set goals.

Saving is a basic premise

For example, for ever dollar you earn save 10%.

You are building a habit which will follow you throughout your life. Few people have looked at how fast compounding works. A chart showing the compounding effect of saving a penny and each day doubling is pictured here.

Save more and spend less

If you will ask yourself “Why do I need this? Is it more important than saving for the business I want to start, advanced education, the nicer car, house, or the security of knowing I can pay my way through life?”

Knowledge creates wisdom and wisdom brings opportunity to us.

NOW is the time to save those pennies.

Are you prepared for your financial future?

Let’s get together and I will help you experience — and understand — how your money will grow in the world of long-term investments. Let me show you how much fun it can be! Call me, Vicki L Wille, today at 702-878-9562.

Or click the button below and…

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Filed Under: Long Term Investing, Money Matters

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T: 702-271-2218
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The information provided on this Website is obtained from sources which Randolph & Associates (RA) believes to be reliable. Neither RA, Success Marketing, LLC, nor any of their respective affiliates is responsible for any errors or omissions in any report, article, blog, or webpage, and cannot guarantee the accuracy or completeness of the data. You are strongly urged to seek further legal, tax, and/or investment counsel before acting upon any information herein.

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