I have a question for you. Would you rather have $100,000 cash or a single penny that doubles every day for 30 days in a row?

Think about it.

Think a little more about it.

Now, which would you choose?

If you’re like most people, you would have taken the $100,000. And you would have been wrong. Very wrong, in fact. Because you’re thinking linearly, not exponentially. 

The Power Of Exponential Growth

Let me show you what I mean:

For Financial Literacy Month this April, we are doing a series that will help you bring certainty to your finances in an uncertain world. The foundation of a solid financial life is cash flow; the money that flows in and out of your hands. Luckily, that’s also one of the things that you have the most control over. If you can get on top of just this one thing, you can radically transform your life and your family’s life for generations to come.

The world has always been filled with uncertainty. Already, 2019 feels like it will be a year that will epitomize this. Government shutdowns, stock market swings, and whispers of a recession are just some of the topics filling our newsfeeds.

America changed on December 22^nd when President Trump signed a bill enacting the biggest tax overhaul in decades. One highlight of the new law is the near doubling of the standard deduction. Just how much this and the other changes will impact households, our economy, and our federal budget is the topic of much debate. These new tax laws won’t impact 2017 taxes that will get filed by April of this year.

Twenty years ago a “cell phone” category didn’t even show up on a budget, while today the average American spends more than $100/month for cell phone service.  In this blog post I want to tell you about a way to bring your monthly cell phone bill closer to that of 1995 ($0), than 2015 – and I’m not asking you to give up your cell phone!