US Educational Financial Solutions Reviews on Money Wisdom at Age 100

As of 2010, there are 1.73 centenarians for every 10,000 Americans. It may have slowed a bit compared with a decade ago, but their numbers have swelled by 5.5 percent in the past ten years. One of them, Jeralean Talley of Inkster, MI, is currently the oldest person in the U.S. at 113 years old.

Sadly, expenses increase with age (case in point: healthcare), so centenarians aren’t often in a good position. That didn’t dissuade financial expert Steve Franklin who was interviewed for his book, Celebrate 100: Centenarian Secrets to Success in Business and Life, from asking the centenarians themselves. US Educational Financial Solutions reviews show that many people find inspiration from their experiences.

In a January feature on Fox Business, Franklin breaks down three important facts on financial wellness based on his interviews:

Diversify Investment

Whether or not King Solomon rose to rule Israel wisely, he earned a place in religious history for his solid reputation as a savvy businessman. Chapter 11 of the Book of Ecclesiastes tells about giving “a portion to seven or eight,” meaning dividing your riches to several parts. Investing everything in one place is a serious mistake; when your investment suffers loss, your capital will, too.

It’s not a surefire way to ensure gains and prevent losses. It’s designed to cut your losses to a minimum, allowing for a quick rebound.

Ten-Percent Savings

This percentage is open to variation; some Americans set aside half of their paycheck for safekeeping in their bank accounts. However, 10 percent is a good start for learning to save. Not only is this vital in building your slush fund but also important in knowing the amount you can well afford to set aside for mortgage later on. In addition, a good solid fund should at least put you financially liquid six months ahead.

Faith, Family, and Friends

Franklin stresses the importance of a social life in managing finances beyond 100 years of age. As you grow older, you will need more help from family members, not just in helping you walk, but also in helping you with your financial needs. Nonetheless, many US Educational Financial Solutions reviews reveal that centenarians have gone through the worst of financial constraints, and, on the whole, have remained financially stable.