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When younger people ask me about taking out loans, I always remind them about compounding interest. If they're 23 years old and are borrowing money, that's less money they'll have to invest. Over a lifetime, the effects on building net worth are astronomical. Not even counting the principal loan amount, if just $1,000 was invested instead of being paid out to interest, they'd make about $100,000 by retirement age. That's an incredible opportunity cost that's lost by choosing to pay interest instead of investing. I'm sure you've done the math already, but if they had a car loan or other big purchase and paid out $10,000 in interest instead of investing, they'd miss out on about $1.2 million by age 65. To put it another way using the opportunity cost scenario, paying $10,000 in interest instead of investing it is the same as throwing out $783 a day. That's $24,000 per month for 42 years wasted all because of going into debt. Notice that the interest paid out was $10,000 which is money wasted in itself but if that same $10,000 was invested in the market, it would be earning $783 a day instead, when calculated based on investment value at retirement age. That's almost $300,000 a year forfeited all because of a small, common debt taken out every day by millions of people who are marketed to as if this is a normal, acceptable fact of life. As a final thought, if you were investing to leave behind a legacy and followed appropriate beneficiary guidelines, your heirs, whether it's family or a church or charities, would continue to benefit long after you pass away. For example, if you add just another 30 years to the equation, the $10,000 initial investment grows to $35 million. How much is that small debt costing us to lose out now? Well, $1,332 a day, $40,000 a month and nearly $500,000 a year. Long-term thinking and planning is the most essential ingredient to building net worth. Today isn't just some date on a calendar or passing hours on a clock. It's another important puzzle piece to your everlasting legacy. So what will you do with your today?

#Repost @cs_expressions
Finally Friday... Keeping Thoughts for Those Still without Power, without Homes๐Ÿ™๐Ÿผ... Good Morning from Jensen Beach, FL ๐Ÿ˜Šโ˜€๏ธ๐ŸŒฟ 9/15/2017 #floridalife #onlyinflorida #hashtagflorida #floridays #fun_in_florida #csexpressions #lovefl #roamflorida #photographit #takemehome #tryintoreasonwithhurricaneseason #sunrise #greenriverparkway #reflection #watchingthesky

"You got s fetish for my love, I push you out and you come right back"

It was all about Star Fish Wishes and Kisses in this sweet families Session ๐Ÿ’—

After finishing a climbing job in a backyard today we seen this blue land crab at the bottom of a pool...we thought it may not have been able to get out..so we helped it out and released it.


May all of my Jewish friends and family have a sweet New Year! #shanatova

A gorgeous cool sunset

Just riding the waves...๐Ÿ˜‚ #hudsonblake #hisidea #onlyinflorida #sahm #picoftheday #learningthruplay #threenager ๐Ÿ„๐Ÿ„๐Ÿ„๐Ÿ„๐Ÿ„

It's almost that time!

It was all about Star Fish Wishes and Kisses in this sweet families Session ๐Ÿ’—

So I've been a bit MIA for a few weeks... I was suffering with headaches and migraines daily for almost a month. Around the time I was feeling better, Hurricane Irma hit Florida. We lost electricity for a while, our tent in the backyard got ripped to shreds, and the fence leaned over. The worst part is we do not have TV cable, WIFI, or telephone working... and cell phone service is veeerry spotty. (It will be a miracle if I'm able to post this!) It's been over a week, and we don't know when services will be up and running again. Bare with me as I try to get back to my daily posts without easy access to the internet!

"Cause now I'm as free as birds catching the wind..."

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