There are three key dates during any year that loom large for the Mathmatecum and its members. First of course is February 15th which is the date by which all members income checks must be issued. That has been done every year of its existence. The fifth check will be sent as soon as possible after January 1st, 2024.The other two dates are May1st and November1st which are the dates when interest rates change on I-bonds. The newest rate for these bonds for the next six months is 5.27% which was an increase from the preceding six months when the rate was 4.3%. The new rate was a great surprise because most (if not all the) experts were expecting a decrease right up to about five weeks before the change in rates was expected!
Due to the peculiarities of the terms of I-bonds and the very small amount of difference in CD rates presently available there is no need to move members money. For those of you who read this blog and have learned about I-bonds if they are purchased within the next six months less six days a better hedge against inflation than at any time in the last twenty years. This is especially true if you have a five-year window available to you before you need to cash them in. Of course, that being the case membership in the Mathmatecum is even a better means to passive income and generational wealth than when it first started.
On 1/1/2024 I will be able to tell members what rate of interest was earned on all the Membership Money for this past year.
I don’t know about you but before I became involved with the Mathmatecum I would read advertisements online of what to do with your half million, one million, or two million dollars upon retirement! I would immediately move on and not read further. Now because of my involvement with the Mathmatecum I do read these ads. The advertisers are looking for money to manage and earn from it! Apparently, it is not worth their time and effort to work with lesser funds. I bring this to your attention to tell you that you can do what they do for yourself in many cases on just a much smaller scale. Start now to save even if on the small scale I espouse which is at least one hour’s wage per week until you can hopefully reach 10% of income and hopefully then reach the Holy Grail of saving 20% of your income.
JAI BABA
TTFN
JU
