Did you know that for every 75 cents the U.S. government is taking in, it spends $1? Further, if this continues, within ten years the 75 cents will be used to pay just the interest on the debt. Shame on the government — but wait, shame on all of us as this is exactly what we are doing with our personal finances. That’s why the average person reaching age 65 still has a mortgage, still has credit card debt, and is still worried about retirement.
The solution to all this nonsense is to spend less than we make. I challenge you to do this for one month and see how great you feel at the end of it! Then try to see if you can do it for two months and so on until you are saving 10 percent of your income each month. To accomplish this you must build a plan to spend your money differently. Go to www.moneymastery.com and sign up for the select program. Use the online software to build three plans: Spending, Debt and Retirement. Then look at how all three can be worked on at the same time. For more information and help, please contact me: firstname.lastname@example.org.