One thing my parents had taught me is to live below your means. And when I was 5 years old, I got my first saving account and had fun putting in dollar bills that I would get from my relatives for birthdays, Christmas, etc. I liked watching my money grow :)
I remember my parents buying a certain stock not because it went up quickly, which it didn't, it always stayed pretty much at a certain amount for many decades, but my parents liked the high dividends it produced.
Oh how I remember getting interest of 12% decades ago on my savings account. Interest would grow in leaps and bounds. Today it is less than 1% unless you can find a bank that offers a high interest rate but you may need to tie up your funds for a certain length of time.
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Safe Income Strategies for Retirees
I remember my parents buying a certain stock not because it went up quickly, which it didn't, it always stayed pretty much at a certain amount for many decades, but my parents liked the high dividends it produced.
Oh how I remember getting interest of 12% decades ago on my savings account. Interest would grow in leaps and bounds. Today it is less than 1% unless you can find a bank that offers a high interest rate but you may need to tie up your funds for a certain length of time.