Idle Money is Losing Money
There are many people that don’t see value in a penny. If they drop a penny they don’t take the time to pick it up. If they see a penny on the ground they will walk right over the top of it. We need to respect every penny that we have the opportunity to put to work. Think of yourself as a business owner. If one of your employees was laying on the ground would you just step over them and continue about your day? NO!!!! You would rush over, help them up, and do what is best for them to get better.
Can you imagine what you could do with a penny if you treated each one with the same respect that you would give someone on your team? If you put the same focus and passion into taking care of your money as you do taking care of your people, that same money will be able to take care of you in the future. Of course you won’t be going to the bank to change $20 bills into pennies, but when you budget, pay off debt, and begin investing, you need to pay attention to each penny. Know where every penny of your income is, and where it is going to work for you.
I will give you an unforgettable fact to respect EVERY PENNY! The U.S. Mint spent 1.82 pennies to make every ONE penny in 2017. Yep, that’s right. There is almost a penny lost for every penny made! The next time you see a penny being disrespected, add it to your workforce! See if you can reverse engineer the U.S. Mint process and make two pennies out of one!
Penny Places for Hire
Your priority should be paying off debt first because the accruing interest on your debts is stealing all your pennies!!! The beauty of putting pennies to work is that each one of them is equally qualified to do any of these jobs. You just need to give them an assignment. Once you get towards the bottom of the list you need to spend time doing homework to make sure you are making quality investments with credible institutions and business owners. Continue to treat your pennies with respect no matter how many you have.
- Debt pay off
- Emergency Fund
- Retirement Account
- College Fund
- Mortgage pay off
- Stock Investing
- Philanthropy
- Alternative Real Estate Investing
- Investing in Private Companies
- Financial Freedom
