Education: Your Hedge Against Inflation

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Every now again, we hear about inflation, and the way it erodes your earning power.

As prices rise, you either have to earn more money, to keep pace, or you have to cut back on your spending so that you aren’t using as much of your money.

Most people prefer to look for better returns.

The right investments, or leveraging your money on low-rate loans to position yourself for the future, can help you make the most of your money now and hedge against inflation.

However, you can also hedge against inflation in a more indirect way: Get an education.

Higher Degree = Better Earning Power

You’ve heard stories about how someone with a degree makes more money than someone without one.  And, for the most part, it’s true.  If you invest in a college education, you are repaid with a higher lifetime earning power.

Take a look at the following chart from the Bureau of Labor Statistics on how education pays off:

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The Financial and Physical Toll Caused by Lack of Sleep

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Did you get up today and stumble to the coffee maker to make your coffee because you needed the caffeine to wake up?

Do you have dark circles under your eyes and yawn throughout the day?

If so, you may be part of the growing ranks of Americans who are chronically sleep-deprived.

There are many reasons for sleep deprivation ranging from staying up too late to watch tv, trying to do too many tasks, having children (who are notorious sleep robbers), having an overloaded schedule including working full-time and caring for children and a home, to more serious causes such as insomnia and sleep apnea.

Whatever the cause, chronic lack of sleep can have a high toll on your finances.

We are trained to reward those who push themselves, who stay at the office late, work hard, and short change themselves on sleep every night so they can get more done.

However, this societal norm should change because Americans’ lack of sleep has very expensive consequences.

Consider the following financial and physical tolls caused by lack of sleep:

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Is YOUR Employment Picture Brighter?

The most recent figures show that the rate of unemployment has dropped to 8.2%, down from a recession high of over ten percent.

That’s an impressive drop, but it is, after all, a statistic.

The real question might be, are the statistics real?

By “real” I mean do they accurately describe what people are actually seeing?

Is the improvement the product of government jobs programs, changes in the statistical count, or are most of the new hires part-timers at the Golden Arches?

Remember, that percentage you hear about is the OVERALL average unemployment.  Truth is, there are many areas and groups that have much higher unemployment numbers.

Below are some employment categories that I think tell more about the employment situation in America than the unemployment numbers.
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