Very few words I know and use, can I remember where and how I learned them? Of course that doesn’t include scholastic studies. The word consensus I came to learn when quite young and it was explained to me by my father. When I was a preteen (no surprise) life was quite different! Trust me those were not good old days – people have a great capacity for remembering good and forgetting the horrors. For men and boys there were pastimes that were limited beyond sports. Two pastimes were playing cards and going to sports events and of course, gambling on both. Horse racing was quite popular, and betting was what made it such a popular pastime. To pick winners people found lots of experts willing to share their opinions as to who would win races. The sports pages listed the experts by name and then there was the box titled Consensus! I wanted to know who he was – this one named individual who got billing along with the horse experts? My Dad explained to me it was a compilation of what all the experts said. Well using this method I have come up with a consensus for looking into the future based on a consensus of many financial expert’s financial prognostications. The riskier sensible choices should yield an 8% yearly return and a very conservative Matmatecum like approach should yield 5%.
All this being said it is no surprise to me that there is a billionaire who has suggested that if the government sets aside $7000 per child at their birth that that individual would have $1,000,000 at age 65 at a cost to the government of 20 billion dollars per year. Once again, the magic of compounding and time. Using the consensus method and then adhering to the restrictions of the Mathmatecum, newborns would at age 65 have at least $30,000 as their share in the distributive portion of Membership Money. Not bad – $125 to $30.000!
The odds of the Federal Government implementing the granting of $7000 to newborns during your and my lifetime are highly improbable. Our ability to provide $125 for our own newborns is quite obtainable. It is generally accepted that at some point people stop investing for themselves and start investing for their children and grandchildren. Why wait when you can accomplish both by creating a Matmatecum Directive, income to you during your lifetime and generational wealth to your children and grandchildren.
JAI BABA
TTFN
JU
