Do You Have an Excuse for Inactivity?

 

Commitments, Responsibilities, and Inactivity
A good question had been posed on reddit.com. The question inquired what excuse you may use for being inactive. There are some people like Sergio Cortes who experienced a large change in their activity levels once they began their professional lives. This may have occurred upon their graduations. Responsibilities and commitments had changed their once active lives into excuses for being inactive.

Growing and Maturing
The activity level of an individual in their mid-20s may change and slow as the grow and mature. This may simply occur as the years pass from the 20s and ease into the 30 age bracket. There are constraints may lead to some excuses for inactivity.

Physical Activity is a Privilege
Physical activity is a privilege as well as a life-long commitment. There may be a drastic occurrence that will serve as a good reminder that physical activity is indeed a sacred privilege and a commitment. Do you have an excuse for being inactive?

Philip Diehl Warns About Penny Waste

Philip Diehl recently gave an interview on CNBC to discuss the demise of the penny. Diehl is the president of U.S. Money Reserve and previously served as a Director of the U.S. Mint. His appearance on Squawk Box focused on why the penny should no longer be minted. Essentially, people really don’t use the penny like they once did. Also, the government has to spend a lot of money to mint pennies. With such diminished need, minting the penny is a waste of funds.

The amount of money spent minting pennies is around $105 million per year. All of that money could be saved by retiring the penny. Many do resist the any suggestions to eliminate the penny.

One reason the penny is still minted is due to worries over the economic impact in the aftermath of its elimination. By ceasing to mint pennies, inflation is a purported likely outcome. Diehl dismissed this notion on the interview. In fact, he pointed out the argument is an outdated one due to the way people pay for things. In modern times, roughly 75% of all transactions are performed electronically. Payments made online with a credit card and those in stores with a debit card are examples of electronic payments. People simply do not use cash and coins like they used to.

Anyone affiliated with U.S. Money Reserve knows the business of coins. The Austin, TX company does not del in copper pennies. The coins sold are made from precious metals. The gold, silver, and platinum coin sold by U.S. Money Reserve are legal tender, and they are perfect investment vehicles for those hoping to expand a portfolio.

Gold coins are always going to have value. The future of the copper penny is no so bright. As more and more transactions are processed electronically, the less the one-cent piece will be needed. In time, the penny will be no more.