Love or hate your government one thing is for sure, funds are running out. What is paid into social security now is to pay the checks of the retired. Pensions and 401ks are held in the stock market with no guarantee. Everything can be lost in a moment’s notice…then what?
What will you do? What will you live on? How will you survive?
If you are young, you may be thinking you have time to start over. If you are older can you start over? Why even start over, why not protect what you have now so you can be the one who builds their portfolio while everyone else is struggling.
Beginning to save now will allow you to get those great housing deals when the market crashes. It will allow you to have food on the table and bills paid. It will ensure you have a roof over your head and that you aren’t finding yourself homeless because you lost all your money due to the negligence of your government.
You cannot depend on something or someone who has not proven its loyalty to you. The government has made promises to us, the people, and imposed taxes on us to adhere to those promises but as we are currently seeing it is unable to live up to those promises.
-we pay social security tax but the account is at an all-time low and the government has said it is unsure if they will have enough to pay the working class when they retire.
-we pay a medicare tax and Obama care is insurance for all, yet if you cannot afford insurance they do not provide it for you and will even charge you a penalty when you file your taxes for not having insurance.
You need to rise up and care for yourself. Plan for that “what if” scenario. If it doesn’t happen you will retire with an amazing nest egg. If it does happen you will be able to make financial moves to build your portfolio making you more successful then you were. It is as simple as applying they 80/20 rule to your budget.
Action Step: take a moment and put together a quick budget.
How much do you make per pay check after taxes?
What is 20% of that?
Ex: you make$ 1,000
$800 for bills and expenses
$100 for you
$100 to giveaway
Put it somewhere safe and protected. Someplace you will not touch it. Watch how fast your rainy day fund grows. Also, take our 5 Week Transformation course to learn and implement changes to your lifestyle that will empower you for the future.