1) Many Americans have little to no savings, carrying large amounts of credit card and student loan debt. Only 3% of Americans have over $25,000 in savings for retirement.
2) The article will explore reasons for poor personal savings habits and propose a simple system to improve savings success.
3) Common barriers to saving include vague savings goals, underestimating living expenses, feeling an entitlement to luxury spending, and relying on willpower instead of a structured savings plan.
Jameson Van Houten shares financial challenges that affect women Jameson Van Houten
There are many financial difficulties that can specifically target women, and Stonegate Capital Advisors shares information on how women can overcome these
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There are many financial difficulties that can specifically target women, and Stonegate Capital Advisors shares information on how women can overcome these
How do you know when you're ready to retire? How much money do you need to have saved? We offer some tips in this presentation from CTS Financial Group.
In life, there are things we can control and others that we can't. If provisions are not made for the ones that are unexpected then our accumulated savings may have to be used to address those unforeseen expenses. The problem is that we may not have the amount we need at the time, and even if we did we may not have the time remaining to put it back
With a burgeoning old age population, increasing inflation and dwindling government resources the threat of retiring poor is more ominous than ever before. Because it's intangible and some distance away, few prepare well for it. Are you in that category? Would your golden years be truly golden?
Most persons when questioned about life insurance reply that it only benefits those left behind. The truth is that it can also benefit the policyholder more than an average savings plan. Unlike a savings plan, that needs time to grow, the life insurance benefit grows independent of time as it creates an immediate estate. How so?
There are two sources of income: Active and Passive. In school we learnt about one of them: Active Income. The businessmen, entrepreneurs and those financially independent are masters at the Passive Income. Shouldn't we have money working for us too?
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with over $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios.
-The Mission-
Promoting Health + Building Wealth
The 40+ Retirement Plan is geared toward one of the fastest growing segments of the American population – people 40 years old and older. At this stage in our lives, we desire to live a life with sustained health, well-being and wealth. We also look to lead lives that still matter
At 20 years old, we bought into the American Dream of getting a good job, working it until we retire at the age of 65, then living well off of the monies we saved through our IRA’s and 401k’s with possible decades of life ahead of us to enjoy the fruits of these labors. At 40+ we are dealing with the American Reality – retiring is a luxury that many of us will never enjoy. Until now.
The 40+ Retirement Plan is a blueprint to sustained health and wealth. It helps you get healthy while simultaneously making you wealthy. For the first time in almost a century, we are in jeopardy of living with less and leaving less to our families than the generation before us. We have the power to not only create a legacy, but to live it right now!
The 40+ Retirement Plan is a viable option to the current plight of the American health care system and bleak economy. Only $100 of disposable or redirected income allows us to achieve better health while preparing us and perpetuating us through retirement financially. The 40+ Retirement Plan will not only transform your life, but the lives of others around you.
How do you know when you're ready to retire? How much money do you need to have saved? We offer some tips in this presentation from CTS Financial Group.
In life, there are things we can control and others that we can't. If provisions are not made for the ones that are unexpected then our accumulated savings may have to be used to address those unforeseen expenses. The problem is that we may not have the amount we need at the time, and even if we did we may not have the time remaining to put it back
With a burgeoning old age population, increasing inflation and dwindling government resources the threat of retiring poor is more ominous than ever before. Because it's intangible and some distance away, few prepare well for it. Are you in that category? Would your golden years be truly golden?
Most persons when questioned about life insurance reply that it only benefits those left behind. The truth is that it can also benefit the policyholder more than an average savings plan. Unlike a savings plan, that needs time to grow, the life insurance benefit grows independent of time as it creates an immediate estate. How so?
There are two sources of income: Active and Passive. In school we learnt about one of them: Active Income. The businessmen, entrepreneurs and those financially independent are masters at the Passive Income. Shouldn't we have money working for us too?
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with over $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios.
-The Mission-
Promoting Health + Building Wealth
The 40+ Retirement Plan is geared toward one of the fastest growing segments of the American population – people 40 years old and older. At this stage in our lives, we desire to live a life with sustained health, well-being and wealth. We also look to lead lives that still matter
At 20 years old, we bought into the American Dream of getting a good job, working it until we retire at the age of 65, then living well off of the monies we saved through our IRA’s and 401k’s with possible decades of life ahead of us to enjoy the fruits of these labors. At 40+ we are dealing with the American Reality – retiring is a luxury that many of us will never enjoy. Until now.
The 40+ Retirement Plan is a blueprint to sustained health and wealth. It helps you get healthy while simultaneously making you wealthy. For the first time in almost a century, we are in jeopardy of living with less and leaving less to our families than the generation before us. We have the power to not only create a legacy, but to live it right now!
The 40+ Retirement Plan is a viable option to the current plight of the American health care system and bleak economy. Only $100 of disposable or redirected income allows us to achieve better health while preparing us and perpetuating us through retirement financially. The 40+ Retirement Plan will not only transform your life, but the lives of others around you.
INTRODUCTION
CHAPTER 1: STOP THE LIMITING BELIEF
CHAPTER 2: GETTING INTO THE MILLIONAIRE FASTLANE
CHAPTER 3: SOME WEALTH-BUILDING SECRETS YOU NEED TO KNOW
CHAPTER 4: 5 BASIC PRINCIPLES OF ATTRACTING WEALTH SURPLUS
CONCLUSION
REFERENCE
Wealth DNA Code is an audio program that focuses on activating and balancing one’s Root Chakra - the Chakra relating to our basic needs and survival instincts. We like to think of the Root Chakra as our “Wealth DNA”. Once balanced/ activated, users will feel a sense of stability and security; allowing them to make wise and secure financial decisions. Upgrade options include tracks that target specific areas of life.
Wealth DNA Code is an audio program that focuses on activating and balancing one’s Root Chakra - the Chakra relating to our basic needs and survival instincts. We like to think of the Root Chakra as our “Wealth DNA”. Once balanced/ activated, users will feel a sense of stability and security; allowing them to make wise and secure financial decisions. Upgrade options include tracks that target specific areas of life.
This ebook is handy in providing
the essential tips and strategies you need to move to the next level
financially.
So, please sit back and have a nice time reading this informative
masterpiece as it takes you through all that you need to become wealthy and stay wealthy
Similar to Why saving money is so hard for some and one simple system to change that (20)
Why saving money is so hard for some and one simple system to change that
1. Why saving money is so hard for some and one simple
system to change that
Part I
According to the Living Balance Sheet, 29% of Americans have savings less than
$1000, 56% have savings less than $25,000, 97% of baby boomers have not saved
enough for retirement, and 55% of Americans have not saved one penny last
year. Our credit card debt is at an all time high of $772 Billion dollars and college
graduates collectively owe more than $1 Trillion in student loan debt.1 To put
that in perspective Greece’s national GDP in 2013 was $242 Billion and the
national debt was $424Billion2.
How could this be? How have we done so poorly in saving for the future? This
two-part article explores some of the causes to this failed level of personal savings
and what we can do to change.
Vague Goals. Your goals should be clear and measurable so you know when
you’ve accomplished them. For example, “I want to do a better job saving
money” is not a goal. It is a statement of intend. Instead, “I want to save $600 by
Oct 1, 2015 for a new ski season pass.” would be a much better goal. It specifies
the amount, the purpose and a time frame. This way you’ll know when you get
there.
Underestimate the true cost of living. Few people can very accurately track
2. all the money we spent. We eat out more often, spend more than we remember,
loose track of pocket cash and fail to predict unexpected
expenditures. Regardless the reasons most of us underestimate by 5-10%, some
even 20%.
We feel that we “deserve nice things.” Personally I can totally relate to
this. Behind the glamorous life style of Silicon Valley is this relentless culture of
work-life integration. Smart phones, smart watches and push-notifications keep
us mentally engaged all the time. Corporations’ insatiable appetite for efficiency
pushes their work force to an ever-higher breaking point. For many, spending
money becomes an outlet to deal with stress.
Unrealistic reliance on mental strength instead of a system and
structure. Creating a Savings means a change in our (spending) habit and it is
by definition not natural. Initial enthusiasm and excitement will fade over
time. Without a system and structure to serve as a continuous reminder of our
mission will only create stress and will not produce our desired outcome.
As a result, many families start on the journey to create savings but ultimately
give up. After repeated failed attempts we start to loose trust in ourselves and
choose to become overwhelmed by the daily demands.
This absolutely does not have to be the case. You must approach this with the
intent of creating a new habit and not conquering a goal. I have taught many
people a simple system to achieve this. Read more about it in Part II of this
article.
This article was written by Peter Mu
Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS), OSJ 20 Bicentennial Circle, Suite 100, Sacramento, CA 95826, 1-916-379-
0200. Securities products/services and advisory services are offered through PAS, member FINRA, SIPC, Financial Representative of The Guardian Life Insurance
Company of America (Guardian), New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian. Pacific Advisors, LLC. is not an affiliate or subsidiary of
PAS or Guardian. Insurance Products offered through One Pacific Financial & Insurance Solutions LLC, DBA of Pacific Advisors, LLC. Pacific Advisors, LLC. is not
a registered investment advisor. CA insurance license 0E19513
This material contains the current opinions of the author but not necessarily those of Guardian or its subsidiaries and such opinions are subject to change without
notice. Material discussed is meant for general informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information
has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when
coordinated with individual professional advice.
Links to other sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees expressly
disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no
representation as to the completeness, suitability, or quality thereof.
Sources
1. The Living Balance Sheet. http://www.pacificadvisors.com/peter_mu/financial_balance
2. The World Bank. http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
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