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Take a cold shower in solidarity - I promise it will be rewarding My Rotary club is taking the PLUNGE for higher education! The funds raised will be used to support the STRIVE program at Centennial High School. We are going to away give 4-5 college scholarships to deserving graduates of the STRIVE program! Click the link to donate: https://secure.frontstream.com/rotary-winter-plunge-2024/team/1009511
Take a cold shower in solidarity - I promise it will be rewarding My Rotary club is taking the PLUNGE for higher education! The funds raised will be used to support the STRIVE program at Centennial High School. We are going to away give 4-5 college scholarships to deserving graduates of the STRIVE program! Click the link to donate: https://secure.frontstream.com/rotary-winter-plunge-2024/team/1009511
Day 4 Of Financial Fitness - Compounding Sets Don't let time and the magic of compounding slip away. 🕰️💰 Imagine compounding as adding weight — the longer you wait, the less prepared you will be (For Retirement). But, if you move weight consistently over time, it remains lighter (And Retirement is more enjoyable). The question isn't just about what percentage of pay to save, but rather, 'What dollar amount do I need to be saving?' 💡 Shifting the focus from percentages to actual dollars is key. It's not groundbreaking, but too often, the long-term impact of chosen percentages is underestimated. Make every rep count! 💪 #FinancialWisdom #InvestingForTheFuture Disclosures: Thrivent .com/social
Day 4 Of Financial Fitness - Compounding Sets Don't let time and the magic of compounding slip away. 🕰️💰 Imagine compounding as adding weight — the longer you wait, the less prepared you will be (For Retirement). But, if you move weight consistently over time, it remains lighter (And Retirement is more enjoyable). The question isn't just about what percentage of pay to save, but rather, 'What dollar amount do I need to be saving?' 💡 Shifting the focus from percentages to actual dollars is key. It's not groundbreaking, but too often, the long-term impact of chosen percentages is underestimated. Make every rep count! 💪 #FinancialWisdom #InvestingForTheFuture Disclosures: Thrivent .com/social
Day 3 Of Financial Fitness - Credit PB Good credit is your financial passport to opportunities. Consistent budgeting, timely bill payments, and managing debts responsibly enhance your borrowing power, often at better rates. Keep reaching for new personal bests in your credit score! 🚀💳 #FinancialWellness #CreditMatters Disclosures: Thrivent .com/social
Day 3 Of Financial Fitness - Credit PB Good credit is your financial passport to opportunities. Consistent budgeting, timely bill payments, and managing debts responsibly enhance your borrowing power, often at better rates. Keep reaching for new personal bests in your credit score! 🚀💳 #FinancialWellness #CreditMatters Disclosures: Thrivent .com/social
Day 2 Of Financial Fitness - Rest Constructing a wall may seem like a weighted task, but it guarantees safety. On the flip side, the cost of idleness compounds with each passing day. A disciplined budget is your tool for building an emergency fund — i.e. the fortress that lets you rest easy at night. Being prepared for "the things that never happen that actually happen all the time" is the ultimate point of rest. 🌟 #FinancialSecurity #BudgetWisdom Disclosures: Thrivent .com/social
Day 2 Of Financial Fitness - Rest Constructing a wall may seem like a weighted task, but it guarantees safety. On the flip side, the cost of idleness compounds with each passing day. A disciplined budget is your tool for building an emergency fund — i.e. the fortress that lets you rest easy at night. Being prepared for "the things that never happen that actually happen all the time" is the ultimate point of rest. 🌟 #FinancialSecurity #BudgetWisdom Disclosures: Thrivent .com/social
Day 1 Of Financial Fitness - The weight of cash. Ever noticed how cash feels heavier than a card swipe? 💸 Recently, a client took on a challenge: an all-cash January. Turns out, it's a tangible way to curb spending. Unlike cards, cash demands a bit more thought before parting ways. Lesson learned: Discipline lays the groundwork for success. 💪 #FinancialWisdom #BudgetingJourney" Disclosures: Thrivent .com/social
Day 1 Of Financial Fitness - The weight of cash. Ever noticed how cash feels heavier than a card swipe? 💸 Recently, a client took on a challenge: an all-cash January. Turns out, it's a tangible way to curb spending. Unlike cards, cash demands a bit more thought before parting ways. Lesson learned: Discipline lays the groundwork for success. 💪 #FinancialWisdom #BudgetingJourney" Disclosures: Thrivent .com/social
If Jesus was born today: Well... good luck Mary. The average cost to deliver a baby is around $18,000. Picking the right health insurance can typically help carry a large amount of this cost, so plan out your coverage options during open enrollment. BUT HERE WE GO What if Joseph needed Mary to help run the carpentry shop? It might mean they would have to put Jesus in daycare so they can work to support the family. Granted that day care probably would never have any sickness but it would likely cost hundreds of dollars a month. So what can you do? Don't overlook dependent care FSA accounts. If offered, these are another great way to reduce tax and still pay for child care costs. HBD Jesus. https://www.forbes.com/advisor/health-insurance/average-childbirth-cost/ https://www.childcareawaremn.org/families/cost-of-care/ Disclosures: Thrivent .com/social
If Jesus was born today: Well... good luck Mary. The average cost to deliver a baby is around $18,000. Picking the right health insurance can typically help carry a large amount of this cost, so plan out your coverage options during open enrollment. BUT HERE WE GO What if Joseph needed Mary to help run the carpentry shop? It might mean they would have to put Jesus in daycare so they can work to support the family. Granted that day care probably would never have any sickness but it would likely cost hundreds of dollars a month. So what can you do? Don't overlook dependent care FSA accounts. If offered, these are another great way to reduce tax and still pay for child care costs. HBD Jesus. https://www.forbes.com/advisor/health-insurance/average-childbirth-cost/ https://www.childcareawaremn.org/families/cost-of-care/ Disclosures: Thrivent .com/social
Day 6: In January 1937, Earnest Ackerman became the first person to receive a Social Security benefit—a lump sum of 17 cents. This was a one-time, lump-sum pay-out--which was the only form of benefits paid during the period of January 1937 through December 1939 Social Security History (ssa.gov) Disclosures: Thrivent .com/social
Day 6: In January 1937, Earnest Ackerman became the first person to receive a Social Security benefit—a lump sum of 17 cents. This was a one-time, lump-sum pay-out--which was the only form of benefits paid during the period of January 1937 through December 1939 Social Security History (ssa.gov) Disclosures: Thrivent .com/social
Day 5: We need more COLA!!! No not the drink. Before 1975 there was no automatic COAL (Cost of living adjustment) for Social Security, and increasing benefits required an act of Congress. Now increases happen automatically and are based on the Consumer Price Index. For example there was a COLA increase of 2.0% in 2018, but there was only an increase of 0.3% in 2017. For 2024 it will be 3.2%. https://www.ssa.gov/cola/#:~:text=Congress%20enacted%20the%20COLA%20provision,when%20Congress%20enacted%20special%20legislation. Disclosures: Thrivent .com/social
Day 5: We need more COLA!!! No not the drink. Before 1975 there was no automatic COAL (Cost of living adjustment) for Social Security, and increasing benefits required an act of Congress. Now increases happen automatically and are based on the Consumer Price Index. For example there was a COLA increase of 2.0% in 2018, but there was only an increase of 0.3% in 2017. For 2024 it will be 3.2%. https://www.ssa.gov/cola/#:~:text=Congress%20enacted%20the%20COLA%20provision,when%20Congress%20enacted%20special%20legislation. Disclosures: Thrivent .com/social