If you're one of the majority of Americans that are don’t see how to make it to, let alone through, retirement, there are a number of things you can do to change the equation. Here are 10 powerful steps to consider:
If you're one of the majority of Americans that are don’t see how to make it to, let alone through, retirement, there are a number of things you can do to change the equation. Here are 10 powerful steps to consider:
For decades now, the overriding message from the Financial Services Industry, from Wall Street to your friendly local financial advisor, has been that you need to "put your money in the stock market and always invest for the long run." Well, the economic times we’re in combined with a stock market that’s gone nowhere for the past decade have forced that message to change. They have no choice. Its become apparent to the average investor that the stock market has been and still is a bad bet. As a result, the Financial Services Industry realized that if they didn’t change their sales pitch, they'd end up with less of your money in their pockets. Is the change a good thing? Does it mean they are now investing smarter and selling safer products?
One person in two turning 65 today can't retire. With average net worth back to what it was 30 years ago, those that are following behind them are certainly no better off. If you're one of the majority of Americans that see no way to make it through your retirement years, what do you do?
Every week there are more new money management corruption stories unfolding. Every so often I share one to remind you just how utterly corrupt and self-serving our existing system of personal money management has become. The only way to win is to know the games constantly being played against you and then manage your money yourself. It's your money, and as I have shown you and will continue to show you, nobody can manage your money as well as you.
When it comes to money, are you on the winning team? To know, all you have to do is answer two questions. Is money interfering with the quality of your life? And, are you worried about your financial future? If you answered yes to either question, then you're in the majority. 85% of Americans are being negatively effected by the vast financial corruption and the flawed system of money management that has dominated for decades now.
Whenever I think about the financial pressures and the resulting stress most people face today, I'm struck by how often people underestimate the power of time. Every day, I come across people who know they need to change how they spend, save, and even how they invest, and yet they keep putting it off. "Not right now. I'll deal with it later. Besides, maybe it'll all work out and I can just keep doing what I'm doing."