Mind, Body, and Soul is sponsored content from Fresh Ground Financial.
I'm a huge believer in saving money for the future. After all, if you haven't saved anything for the future, how are you supposed to provide an income for yourself when you get to a point where you aren't able to - or don't want to - work as much anymore?
But here's the thing. If we are trying to grow our money for the future in a savings account, we're losing.
Let me explain...
Since the early 1900s inflation has averaged around 3% a year. That means that what $1.00 buys this year will take $1.03 to buy next year. That also means if the dollars you save for your future are not earning 3 cents a year, you are technically losing money value.
How does it make you feel then, that your savings accounts are earning less than 1% a year right now?
If you're like a lot of people I talk to, you might be thinking to yourself, "What's the point of saving then? If I am losing money by having it in my savings account, I should just invest."
That's a fair thought but that thought would be assuming that saving at a bank is your only option. This is not true.
There is another option for you. An option to save your money and earn a competitive interest rate. A saving option that is guaranteed to grow. A saving option that has historically earned between 4% and 6% a year. A saving option that gives you financial security, and confidence in your future.
This saving option is what we (Fresh Ground Financial) use to grow our money, and encourage our clients to use as well because we believe that everyone should be able to save, have guaranteed income, and have it grow well. That everyone should be able to have confidence that their money is working for them. We want that for you.
And this is just one of the ways we help our clients grow their money.
Find out more about Fresh Ground Financial today!