Saturday, July 19, 2014

Millennials worries...National Debt and Retirement!


 Yup, they worry about nations debt and their retirement.   They say now there's more saving for retirement with Millennials than the Boomers did when young.  I guess they see Social Security and pensions will be a thing of the past.  I can't really blame them for their thoughts.  The Trillion dollars of national debt and the printing of money with nothing to back it sure paints a gloomy picture.  Then there's health care which they say could sink the boat....You wonder where it's all going to end.

  Now on the sunny side of the street.  We can all look for ways to increase are chances of survival by saving early and steady.  How by discipline.  I think DRIPS is the way to go.  Dividend investing is letting dividends buy more shares of your company...breaks down to compounding.  Warren Buffet calls compounding the greatest wealth builder there is period.  Investing in a big company that will survive the good times and hard times.   Selecting companies like Hersey, Chevron, Apple, Microsoft, Proctor and Gamble, and many other companies like them.  DRIPS are dividend investment programs by the companies, no stock brokers to deal with.  Search on Google DRIPS and read all about them.  Also, there's a publication you can subscribe too.

  The Internet has a whole lot to do with our future.  So, we've got to wrap around that to some degree.  Brick and mortar is fading fast....you see more UPS and FedX trucks delivering in the neighborhoods now.  People just see it and order it on the Internet.  That's where you and I come in.  We can build a living from the Net. Now that gives you something to think about.  We'll leave it there...think about it!


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