investing

Your Cash Is Losing It's Value. This Is What You Can Do About It

Your Cash Is Losing It's Value. This Is What You Can Do About It

How many times have you thrown a penny away? Like you saw a penny on your desk, or you got it as a change, and instead of putting it in your pocket to use later, you throw it in the actual garbage? I'm not trying to judge you; I'm just trying to illustrate how the penny has lost its value over time.

In 1909, you could buy a copy of the New York Tribune for one cent. And in 1932, you could travel a mile in Southern Railway System. And I'm sure you might have heard a grandparent speak of buying candy at a local five-and-dime for a penny.

How does a penny go from getting you an entire newspaper to being so annoying that you'd rather throw them away than carry them around?

When money becomes less valuable, it's usually due to inflation.

Four Investing Myths You Need To Stop Believing

Four Investing Myths You Need To Stop Believing

I know, I know. You think investing is not for you. Trust me when I tell you, I know how you feel. As someone who has been in the finance world - like actually in it - it’s easy to feel like you don’t belong there.

But it’s kind of our responsibility to work through that so we can actively participate. We have to know how something works before we can make any judgement about it. And we have to understand it before we try to change it. So, if you want to make a difference or if you just want to get rich, you have to pony up and grab a seat at the table. Even if you think you can’t afford to play, the truth is you can’t afford to not learn how to play.

If you’re someone who has gotten close to investing, but never follows through, tried to learn, but has given up, it’s probably because you are letting these four common investing myths hold you back.