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...and then I saw the Jag slide into the curve.

Posted on 2007.05.30 at 23:59

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Renegade
leonardii at 2007-06-05 19:41 (UTC) (Link)
Plans are great. They keep us from just aimlessly wandering the earth.

Unless of course, you're Kane from "Kung-Fu," then you really don't have any business just wandering the earth.

Plans give us goals. Goals give us benchmarks. Reaching a benchmark brings us happiness that our plans are working.

When a certain amount of benchmarks are reached - then those step by step goals are accomplished, which again... bring us even more happiness.

If I've learned anything from living - it's that life moves fast. So fast in fact, that we find ourselves at ages that we didn't dream of ages ago... but suddenly we've arrived. If we don't plan for our future, nobody else is going to do it for us.

That is why in my posts, I keep harping about the new changing economy and how it will affect us. I would like for us all to really help each other - in all ways possible. This way, when that benchmark age suddenly hits you - and you realize that your savings account is not as fat as you would have liked it to be... it's not too late to take measures to start making a residual income that could fatten our treasuries for not only our own future - but more importantly, for our children.

I hope you've heard of Upromise. If not, it's another program that should raise your interest. It's free to enroll, and you just buy certain things... like groceries with a clearly marked blue label on the product that says "Upromise Certified." There is also a toolbar that you can download (unfortunately, it only works on IE) that you can use as a starting point for making online purchases. From that starting point, Upromise will tell you how much percentage you will get that will be put into your Upromise account, which then you can open up a College Savings 529 plan (again, for free) to dump these small collections of monies and you can pick and choose the mutual funds, or individual stocks that you want to put in your 529 portfolio. You can manage it directly online, changing it at will. Jessica has already made over $56 in growth from the mutual funds that I selected for her account (from just two quarters).

If you don't know what I'm talking about - research it... for your children's sake, please research it. You can register your visa and/or mastercards and/or Discover cards, and along with your banking visa checkcards and your grocery shopping "reward" cards - the funds automatically are put into your Upromise account each time you purchase groceries, or gas (from certain stations like Exxon), or when you dine out at certain restaurants. Again, we are talking about free money. You can also get your parents (or other friends/family members) to sign up their own Upromise account and set it up to where their funds go straight into your account. I've got Mom and all her credit cards and grocery cards enrolled, and I get about .50 cents to $3 dollars per quarter forwarded to my Upromise account. Right now Jessica is my only child, so she is the only beneficiary. But if you have more than one child - you can split the funds evenly or however you choose among all of your children or just one child in particular.

And of course, you can setup monthly allotments (I think the minimum is $50 per month) to go directly to the 529 college savings account. We've got that setup as well, so each month her account just grows and grows... and we're letting the power of compound interest work its magic on her savings - so whcn she does become of the age to attend college, she can use all the funds tax free... as long as they are used for legitimate college expenses. These expenses of course can be books, tuition, lodging, meals, etc. Anything college related.

It's just a great way to start saving money for your children to get into college. If you've already got a 529 account already established... it only takes a few keystrokes to link your Upromise account to the 529 account. I love it. Free money. I love free money.

So - let's help each other. If you've got info you want to share, please do. You know I have no problem sharing my financial endeavors. It's nothing secret. It's all out there on the internet.
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