Yogi Berra – A Nickel Ain’t Worth a Dime
Since the day Yogi Berra told the world “a nickel ain’t worth a dime anymore,” we have been reminded of the ever-changing value of our dollar, or in this case, nickel.
With the inflation rate and the consumer price index’s habit of diminishing the dollar, sometimes it is difficult to see any reason to save money in a bank account if the dollar is just going to lose its value. In many ways that is true, money certainly should be re-invested into your business, but having a rainy day fund is just as important. When times get tough, even if your dollar is only worth 80 cents…. That’s 80 cents you have saved up to keep going.
A nickel may not be worth a dime, but saving money instead of buying that new boat or fancy car is a good investment for the future.