Just like that in a blink of an eye when our youngest member was gifted a membership in the Mathmatecum for the sum of $125, he became capable of having a lifetime income in excess of $35,000 from just this one source! No need to do anything further – this is truly a passive income stream. If no one else ever joins the Mathmatecum after today that remains true. Hopefully whoever is in charge of his things financial will place his yearly income where it can earn and compound annual income throughout his life.
Of course, the likelihood of no one else joining the Mathmatecum in the next 17.5 years is highly unlikely. As new people join, members yearly income will rise, and their lifetime incomes will increase exponentially because of the Mathmatecum’s design.
The investment restrictions on Members Monies cannot be more conservative. However, because of the plans pour over feature and the addition of new members in the future the Mathmatecum will be able to meet many of the criteria that most individuals cannot reach to obtain the highest income rates available that are insured by the Federal Government. I don’t believe a better deal exists as this is being written.
Today being the beginning of the second half of the year and being after graduations from all sorts of schools many individuals will be looking forward to their first full time paychecks. Remember the plan. One hour wage saved weekly – only 2.5% of one’s gross income until you can attain the next savings goal of saving 10% of income. Of course, the accepted desired savings rate is 20% but that for the young is a few years off. Now for the few financially fortunate there should be no ceiling on savings. When starting out budgets are key.
I bonds purchased now are currently paying 5.28%! If their restrictions are manageable, they are still a wonderful investment in increments of $25. A checking account, a savings account, and a brokerage account should be opened as soon as practicable.
Leaving aside the politics of this past week’s U.S.presidential debates, the event struck a chord with me because I’m older than both the participants. Suffice it to say that I’m blessed to not show all the vagaries of old age demonstrated at the debates! However, there are times when I too have had the same problems for short periods. It’s a consequence of living a long life. Be mindful of elders and view them on a day-to-day basis and not on singular events.
JAI BABA
TTFN
JU
