Benwood.....
A young person needs to live simple and save, save and save again.
The moment your kid is born, the best give you can give them is a funded account, buy dividend payers - many out there that pay 6 to 10%.
A nice one this week I added to their account, IPO'd this week, ENP, pays 6% plus percent and that should grow.
They will need that extra 35 years to accrue, without it they will have no hope. That 35 wasted years of compounding is so sad, every parent needs to do this for the kids, if nothing else.
And for you (me), spend less, live more simple, forget the toys and be so much more happy.
We will have our deflation, and at the end a new cycle will be born. My hope is folks learn the above is really what counts. Not more, but simple is quality. Less house, less car, less everything - but better life. For the planet it is the only solution.
I take my kids on bike to school, only 2 others parents do the same. A women just today said how great......I told her, everyone talks about the planet and pollution, how few contribute to change. Sad really. All talk and no show in this life of today.
Lets get back to slow, compounded growth - instead of the casino mentality of instant riches.
West |
