Business
There is an epidemic taking over the world that no one wants to talk about. It is one of the leading causes of suicide, divorce, and depression. Yet, we are still scared to talk about it. It’s called Financial illiteracy. Numbers don’t lie. 76% of Americans live paycheck to paycheck. 50% of Americans have no money in savings at all. And almost 70% of seniors over 65 looking to retire have less than 60k in retirement savings. It costs money to eat, it costs money to have a roof over our head, and it costs money to drive a car. We need money in order to survive, but ironically school won’t teach you a think about money. Oh so you took a finance class? When was the last time your teacher taught you how to become a millionaire with 4 dollars a day? Or When was the last time someone told you that saving/investing money in the bank is a 100% guaranteed, guaranteed route to being broke? Don’t believe me? The cost of things go up by 3% a year, its called inflation. That means if a pack of gum costs 1 dollar on January 1, at the end of the year, it will cost about 1 dollar and 3 cents. In the bank, your money grows by .03%. So if you put 1 dollar in the bank January 1, you your money will grow by .0003 cents. --- Send in a voice message: https://anchor.fm/future-you/message