Friday, November 29, 2024
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We should be saving more

The easiest way to get rich is slowly. It’s compound interest: the interest gained on accumulated earnings and investments over time. The more you invest, early, allowing interest to accrue, the better. That means young people have the greatest incentive to save. Often, it’s a lesson learned too late. But this isn’t about interest. This is about how our short-term needs and desires kneecap our long-term goals. How it keeps us the frog in the pot; slowly boiling. 

Speaking of frogs, did you know amphibians and reptiles are the most vulnerable class of wildlife in Canada? Raging fires overtake them; droughts dry up their nurseries; concrete carves their habitat into inland archipelagos; cars squash them; etcetera. The amphibian most endangered is the Oregon spotted frog, and it lives right here in the Fraser Valley. With fewer than 300 procreating frogs in the wild, conservation and breeding efforts are working to increase their numbers. Those efforts will collide with human expansion — and human impulse. 

Saving for the future is just like saving the future; it takes sacrificing today for a tomorrow we want more. The later you start, the more catching up you have to do. We’re very late indeed, and it’s getting pretty warm in here. Ribbit.

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Long ago, when DeLoreans roamed the earth, Brad was born. In accordance with the times, he was raised in the wild every afternoon and weekend until dusk, never becoming so feral that he neglected to rewind his VHS rentals. His historical focus has assured him that civilization peaked with The Simpsons in the mid 90s. When not disappointing his parents, Brad spends his time with his dogs, regretting he didn’t learn typing in high school.

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