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What’s $160 really worth?

This post is sponsored by Vanguard but the content and opinions expressed here are my own.

So, what’s $160 really worth? We often don’t realize where our money is going, and how powerful even just $160 can be. Do you invest in yourself? Your family? Time together? Making memories? We have a choice in how we spend our money, and truthfully, there are some investments that keep paying out year after year. Like making memories with those you love most that you remember forever. This is an investment that matters to use, so we spent a day visiting a string of favorite museums on Long Island, including the Cradle of Aviation and the Nassau County Firefighter’s Museum. They are interactive and educational, and learning about aircrafts and rocket ships is high on their list so it was a great day.

The boys had the opportunity to hop on air crafts and helicopters, look at how air travel and space travel changed over time, and learn about the history of firefighting and how it’s changed over the years. My favorite part is always the areas about space travel- the room with the astronaut always makes me wonder what the future has in store for my sons. Will they be traveling into space? It’s amazing how far we’ve come and what we can look forward to, and my family loves to spend our days learning about the possibilities, and the amazing people before us who were brave and adventurous and discovered so much.

After we went to a favorite eatery to enjoy a late lunch. It was the best kind of day!

Investing adds up

Albert Einstein called compound interest the 8th wonder of the world, and when you realize how much your cash can grow over time, you realize he’s right. Investors today miss out on a portion of their potential returns by choosing bank savings options instead of higher yielding money market funds. Experts believe that the portion of returns missed out on will continue to increase based on expectations for future interest rate rises in 2018-2019. According to recent data, if you hold $10,000 in cash, you could earn about $170 in a year, at the current average yields of money market mutual funds. In a bank savings account, you’d only make about $10.* The difference is $160 a year! If that does not seem like a lot, over time, this amount can add up, and because each $160 means a day of adventure and memories with your family, compounded into lots of $160s, that is a lot of adventures and memories you are building up by investing in your best interest.

When you choose how to spend your money, take a minute to think about what you are investing in. Are you investing in something that will grow over time, like memorable experiences, or something that will lose value once you buy it and use it? We work hard for our money, and it should serve us, add to your lives, and make each day more wonderful. So consider: are you getting the most out of your cash? Does your financial provider look out for your best interests? Could a money market fund help you invest your cash? You are invited to explore Vanguard– a client-owned company- and see how it’s structured to align the interest of the company with the interest of investor.

Vanguard’s mission has always been at the forefront of everything they do- to take a stand for all investors, treat them fairly, and give them the best chance for investment success. Because they are founded on this mission, they make every decision with their investors’ interests in mind. Vanguard has over 7 million retail investors and believe that every investor needs to know that all cash accounts are not equal. While $160 may not seem like a lot, over time, this can add up, and choosing a higher-yielding cash account could allow you to experience more of these fun, memorable moments. Companies like Vanguard are built in a way that better aligns to client interests. If you haven’t looked at your cash investments recently, maybe it’s time to ask yourself some questions: “Am I getting the most from my cash?” “Does my financial provider have my best interests at heart?” Find out more at Vanguard.

*This illustration uses 1.69% average yield for money market mutual funds and 0.09% national average yield for bank savings, both as of 9/30/2018, according to cranedata.com and bankrate.com. These rates are not guaranteed.

Vanguard is owned by its funds, which in turn are owned by their investors.

All investing is subject to risk, including the possible loss of the money you invest. Bank deposits are guaranteed (within limits) as to principal and interest by an agency of the federal government. There may be other material differences between products that should be considered before investing.