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Financial mistakes you commit in your 20s⁠

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Bulldog Mindset
Bulldog Mindset
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Published on 14 Aug 2022 / In Entertainment

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InfiniteMushroom
InfiniteMushroom 1 month ago

Easy to make mistakes in your 20's when money is already hard to come by and you simply lack anything at the end of the month. I remember when I was in Navy bootcamp in the early 1980's. U.S. Savings Bonds were paying 7.5% interest and our company commanders were urging us to set aside $25/month and sign up for auto-invest because it was a no-brainer. At the time, I was just getting by on what I had and didn't have enough to even think that far ahead. Only when I made E-4 did I even think of buying up EE bonds, which had dropped to 6.06%. Still a good deal if you can buy enough of them and leave them alone for 30 years to rack up the interest. Who has that kind of time horizon now; when chaos and corruption are the norms?

I didn't know about H and HH bonds until it was too late. Now THEY were the sweet deal! Alas, ZOG-U.S. is dead broke but, still pretends it is rich. The lack of dividend paying bonds is proof.

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