Monday, April 25, 2022

Magic Money

Kadizzle likes giving advice to young people. One economic lecture is about the two kinds of money.  One kind of money you have to go out and earn. That is not the kind of money you want. The other money comes home by itself. 

Kadizzle tells young people starting out about how he used to get the mail with his mother.  At the old homestead we had a little black mailbox on the porch. Wilbar the mailman came up on the porch and put the mail in the box.  With my mother we would go out on the porch on the right day and open up the mail. Mother would say "$300  dollars from Wheeling Steel, $200 from Continental Can Company....". These were the dividends from the stock she had. My grandfather had endowed my mother with a variety of stocks. 

Kadizzle tries to make young people understand that the best money is the money that walks up the steps and jumps in your mailbox all by itself. The trick is to convert the money you work for to the money that works for you. Most young people want tattoos, shiny car wheels or some other silly thing. The idea of saving is foreign.

It will not be long before the tattoo generation has to try to retire. It may not work because there is no cash. Our country is headed for an economic meltdown.  

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