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."
You may be in your twenties and still establishing your financial practices, fresh from a divorce or bankruptcy, or just looking for a fresh start, but either way there are some important financial habits and strategies to adopt that will set you up for wealth and peace of mind as you move into the next stage of your life.
I don't need to tell you how hard it is right now to find a good place to invest your money. Yet every day you're probably staring at a great investment when you look in the mirror. If you're like most people, you are your greatest asset, and investing in yourself and your career are your greatest investment opportunities right now.
