John's Articles

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When Is A Dollar Not Worth A Dollar?

October 7, 2013

Not all dollars are created equal. If you don’t know the difference, you could be sabotaging your savings and retirement goals.  A dollar in your wallet is not the same as a dollar of equity in your home. A dollar in your 401(k) retirement account is not the same as a dollar of cash value in a life insurance policy. A dollar in your paycheck is not the same as a dollar of equity in your business. If you want to be in control of your money, you should find out which is which.

We can separate money into two categories: dollars controlled in one way or another by government (regulation and taxation); and dollars controlled by you—call them useable dollars.  Anything that can be measured in dollars will probably fall into one or the other.

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