The Holidays are known as the “giving season”. Unfortunately, we are seeing way too many Nucor Teammates “giving” to banks and lenders recently! A couple weeks ago, one of our advisors was on a 3-day visit at a Nucor location and met with 6 different TM’s who had HEFTY truck loans at 11% to 17% interest rates (I won’t even discuss the credit card debt we are seeing lately)! Ouch. I get it…who doesn’t want to have a nice, new ride? But is the price worth the pain? Imagine if those payment dollars were being invested in your 401k or the EMSIP? That could be LIFE CHANGING money for you and your family over time! Remember, EARNING interest is so much better than PAYING interest. Maybe that old truck/car can hang in there for another year?
CalmWater Financial Network®, 3204 W Benjamin Ave, Suite 200, Norfolk, NE 68701 ~ (402) 371-5511
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth.