Why Time Is Money: Saving for Your Kids' Future the Smart Way

Money loses half its value every 20 years — are you planning for that? In this episode of Asset Protection Today, elder law attorney Bill Alexander breaks down how inflation quietly erodes your family's wealth, and why saving for your kids' and grandkids' retirement matters more than saving for college. Bill shares a personal story about 15-cent movie tickets to explain the real cost of inflation over time, then dives into the financial literacy most of us were never taught in school — from compounding interest to credit card debt to mortgage payoff strategies. He explains why each generation used to out-earn the last, why that trend has reversed, and why Social Security alone won't be enough to retire on in the coming decades. If you're thinking about estate planning, retirement savings, generational wealth, or how to financially protect your children and grandchildren, this episode offers practical, real-world guidance from one of North Carolina's most respected elder law attorneys. (0:44) Why Time Is Money: The Inflation Story (4:32) Financial Literacy We Never Learned in School (7:33) The Standard of Living Decline Across Generations (10:43) College vs. Retirement: Rethinking Our Priorities (14:01) The Retirement Crisis & Social Security's Limits (17:10) Investing Early for Your Children & Grandchildren #EstatePlanning #ElderLaw #RetirementPlanning #AssetProtection #FinancialLiteracy #InflationExplained #GenerationalWealth Learn more about W.G. Alexander & Associates, PLLC: W.G. Alexander & Associates focuses on estate planning, elder law, asset protection, Medicaid planning, veterans benefits, trust planning, and long-term care planning for families. Free Estate Planning & Elder Law Seminars W.G. Alexander & Associates offers free educational seminars covering topics including asset protection, trusts, estate planning, Medicaid, Veterans Benefits, long-term care planning, and guardianship. Register or learn more about upcoming seminars: https://wgalaw.com/seminars/