The mantra to save during one’s lifetime is familiar to all but is rarely looked at in hindsight. It is discussed more often in a way that doesn’t have a motivating effect on most people. We are bombarded with what we can insure against, and we plan for that. Life has a way that unanticipated events many times can only be satisfied by drawing down on one’s savings. The pundits always leave out extended family circumstances that can drain a lifetime of savings. Creating passive income is therefore a most desired outcome.
Leaving an estate is fine but having enough to get to the end is more important. Life expectancies vary from year to year and presently Hawaii has the highest rate at 80.3 years. Begin with a savings account and after accumulating $1000 then decide where to move the money to earn the highest returns. Avoid debt that requires interest payments. If you have debt where you are being charged interest and that interest rate is higher than the rate that you are receiving on your savings, satisfy the debt first!
BIO
Now that I have moved into my teenage years, I want you to know where my mind is. I had to travel daily from New Milford, NJ to Englewood, NJ. The high school campus had a practice football field, a grammar school, a gymnasium, and classrooms. The buildings looked like old English Universities. Classes were designated by numbers and letters (9D). The numbers were for the grade and the letter was for administrative purposes. St. Cecilia’s had Carmelite Priests and nuns who were Sisters of Charity.
One of the buildings was called Marion Hall and that was said to be where all romances started. Where is that snare drum when you need it?
JAI BABA
TTFN
JU
