GJS Financial and Insurance Services

More Financial Literacy lessons are on the way. Get ready to feel better about your $$

Financial Literacy Lesson #5 - Information on Banks and Banking -

Financial Literacy Lesson #5 Coach Greg Sneed provides financial literacy information on Banking Savings, CD's and Money Market Accounts.

Financial Literacy Month Lesson #4

Financial Literacy Lesson #4 Coach Greg Sneed provides a financial literacy lesson on the types of banks.

Learn more about Financial Literacy this month.

Financial Literacy Lesson #3 Coach Greg Sneed shares information on Credit Scores, what are they, and how do they work

Learn more about ATM, Debit & Credit Cards - April is Financial Literacy Month

Financial Literacy Month Lesson #2 Coach Greg Sneed Financial Literacy lesson on ATM, Debit and Credit cards.

So true. I get requests from clients regularly to pull retirement funds. I do my best to talk them down from the ledge. Some listen, others jump. They will feel it later.

What Dara is doing has actually happened in real life. There were reports that people were taking money out of their 401(k) to buy tickets for Beyoncé's Renaissance tour.

Life is short and tomorrow is not guaranteed. We are all for spending money on experiences that make you happy, but don't neglect your long term financial goals in the meantime. Life is about balance! Make sacrifices on things that aren't as valuable so that you can spend on priceless experiences like this. Like Paula Pant says, you can afford anything but not EVERYTHING.

You should not pull money out of a retirement account early unless it's a true emergency and you have no other alternatives (concert tickets don't fall into this category!).

We made a few assumptions in this post. You might think $2,000 is ridiculous for tickets, but the price can go even way over that. We assumed Dara was 25 when she bought her concert ticket and worked for the next 35 years, experiencing a 10% rate of return.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Vivi & Shane

The enormity of wealth accumulation of the top 1% is twice the amount of what the other 99% accumulated.
You will find the details astounding!

Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years | Oxfam International Published: 16th January 2023 Super-rich outstrip their extraordinary grab of half of all new wealth in past decade. Billionaire fortunes are increasing by $2.7 billion a day even as at least 1.7 billion workers now live in countries where inflation is outpacing wages. A tax of up to 5 percent on the...

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