Money Saving Pig | Wisdom, Wealth, and Wellness
Money Saving Pig | Wisdom, Wealth, and Wellness
Discover the transformative power of wealth management through a sweet and simple tale of a childhood piggy bank. Plus, learn why strategic financial planning and investment compounding are essential for turning modest savings into substantial wealth.
The money saving pig.
I just emptied the money saving pig. Sixteen years of accumulation for my daughter and she asked, “Can I cash in my money saving pig? Can I take the money and do something with it?”
So, this is an awesome lesson of delayed gratification.
Sixteen years she’s been accumulating pennies. Big pig, a lot of pennies. A lot of dimes, a lot of quarters, a lot of nickels, lots of change. Now, it’s small, but it’s a start.
The idea for people to set aside the spare change, 10%, 20 % of their earnings, from the day they make a dollar till the day they stop making a dollar—that delayed gratification can lead to a tremendous amount of abundance.
However, the big difference between leaving it the money saving pig? The purchasing power. It’s a hard concept for a young person, and even older people, to understand. The purchasing power of this spare change isn’t quite as effective as if that delayed gratification was invested and compounded, because this amount of money over the same 16 years, would be worth five times the amount that’s in here. Yes, five times the amount that’s in here! It’s a lot of money.
So start your own money saving pig. Start young, start early, start often, on your path to Wisdom, Wealth, and Wellness.
Have a great day.
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Disclosures
This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.
Further Reading
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