Why Is It So Hard To Get Ahead?

My grandfather bought his house for $6,500 He had no retirement
after 20+ years of working for the same employer They gave him
$100 each month in lieu of a retirement check He saved more
than $200,000 over the course of his life My grandfather
clearly had respect for money Our culture today has lost sight
of this respect
Today’s generation fears not that they won’t have something, but
that they won’t have everything Twenty-five percent to 50
percent of purchases are unplanned What’s the big deal? The
average American will retire with only $57,000 to live on
Debt Personal debt has increased by 123 percent Do you know how
long it takes to pay off your credit card if you pay only the
minimal amount? 20 to 30 years!
Taxes Most Americans severely overpay their taxes
Care for a challenge? Here’s my personal challenge : Track your
expenses for one month Set your expenses up in categories
Write down every penny you spend If you don’t want to track
your business expenses, do at least your personal expenses
(date, what you spent, what you spent it on) This will help you
get a really good grasp on how much you’re spending
I spoke with someone recently who has been selling stock to
finance his lifestyle That’s upside down If you’re selling
stuff to support your lifestyle, you’re upside down financially
Live on less than you make, save and invest with the difference
If you’re doing anything else, you’re upside down financially

Tags | business, debt, expenses, grasp, money, personal, result, retirement, stock