As a Economics teacher, this is what I preach to my students. I always make sure to go over how much the money they save while they are young will help them down the rode. There is a huge difference between saving money for forty years consistently and twenty years or ten. 

Investing when one is young helps to mitigate market volatilities in all markets, not just the stock market. The longer one remains invested, the better their odds are of not losing money. Using stocks that pay good dividends as well can help increase these odds and generate passive income over time, which can be reinvested to quickly multiply one’s returns.

“Our favorite holding period is forever.”

Warren Buffett

Obviously, this requires one to make good decisions in the first place on investment options, but even taking a more conservative road such as with Certificates of Deposit or Bonds, saving more over longer times can lead to faunistic results. 

Buying stocks, companies, cryptocurrencies, houses, cars, or toilet paper at the time when they are discounted can lead to lucrative gains over time. This is one of Warren Buffet’s key mantras when it comes to investing. Teaching my students how to make shrewd decisions when it comes to investing and saving.

“The most important investment you can make is in yourself.”

Warren Buffet

Conclusion

Thanks for reading The Lifelong Learning and Education Blog ! I hope your New Year is off to a great start! It is never too early to start teaching kids about sound financial decisions (My other billboard)! Check out some of my other recent posts.

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• Sleep…Aka A Huge Waste of Time
• The Full Spectrum of Laziness
• George Washington: An Incredible Leader
• Comparing Human Lifespan to Top 10 Longest Mammal Lifespans on Earth
• Momentos Frozen in Time

Additional Resources for Saving Money

1. Investopedia – Saving for Retirement:
   • Website: Investopedia – Saving for Retirement
   • Description: Provides articles and guides on the importance of saving for retirement and long-term financial planning.
2. The Balance – Saving Money:
   • Website: The Balance – Saving Money
   • Description: Offers advice on various aspects of saving money, including budgeting, emergency funds, and long-term savings goals.
3. NerdWallet – Savings:
   • Website: NerdWallet – Savings
   • Description: Features articles and tools to help individuals make informed decisions about saving money and growing their wealth.
4. The Motley Fool – Savings and Spending:
   • Website: The Motley Fool – Savings and Spending
   • Description: Discusses the benefits of saving and investing, with a focus on building wealth over time.
5. Clark.com – Money Saving Tips:
   • Website: Clark.com – Money Saving Tips
   • Description: Clark Howard’s website provides money-saving tips and advice on budgeting for a secure financial future.
6. SmartAsset – Saving Money:
   • Website: SmartAsset – Saving Money
   • Description: Offers tools and articles to help individuals make smart decisions about saving money and achieving financial goals.
7. The Simple Dollar – Saving Money:
   • Website: The Simple Dollar – Saving Money
   • Description: Provides practical advice and tips on saving money in various aspects of life.
8. Bankrate – Saving Money:
   • Website: Bankrate – Saving Money
   • Description: Features articles and resources on saving money, including tips on finding the best savings accounts and strategies.
9. Dave Ramsey – Budgeting & Saving:
   • Website: Dave Ramsey – Budgeting & Saving
   • Description: Dave Ramsey’s website offers advice on budgeting, saving, and building wealth for a secure financial future.
10. The Penny Hoarder – Save Money:
    • Website: The Penny Hoarder – Save Money
    • Description: Shares practical tips and strategies for saving money in everyday life.