h1

Small investments with major returns

January 12, 2009

Most of us are feeling the financial squeeze.  So what to do about it?  I am not a big fan of get-rich-quick ideas.  I tend toward thinking that there is never a free lunch in life.  But still.

I decided to do some thinking about saving and budgeting and was looking for some ideas on ways to make the most of my assets.  So I clicked on the link to an article written by Brett Arends in the January 5, 2009, Wall Street JournalSmall investments (that’d be the kind for me) with major returns (that’d be the kind I want.)

I scanned through the ideas first to see what kind of interest rates were listed as expected.   #3 jumped out at me.  It said:  “Return: Infinite”.  Shoot, I wanted in on that.  Who doesn’t want an investment that yields unlimited benefit?

Guess what investment yields infinite returns?

That’s right.  A library card.  Here’s what it says:

  • Take out a local library card. Cost: Nothing. If it saves you $10 a month on books, that’s $120 a year. Return: Infinite

There are many good ideas in the article.  But, in my opinion, that one is really the best.

It also reminded me that investing in the library itself, by donating to the library’s capital campaign, yields a community-wide investment whose return is also actually…infinite.

(Okay, you knew I’d get back to that, didn’t you?)

smartest-card

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: