The Richest Man in Babylon
In good times and bad, consistently saving a percentage of your income is a sound financial practice.
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Financial planning often doesn’t take place on a beach. But the next time you find yourself there, try this experiment, courtesy of management and motivational guru Stephen R. Covey: You’ll need a mason jar and an assortment of big rocks, smaller gravel, sand, and water.
Responsible money management is often a foreign concept to teens that is complicated and confusing. Yet, if they learn how to save and be financially responsible early, they can protect themselves in the future.
Some people wonder if Social Security will remain financially sound enough to pay the benefits they are owed.