life after bankruptcy newsletter
Why Network Marketing May, the right one for you
Retirement & Insolvency
The combination of credit available to anyone, with or without good credit, and our culture of excess consumer is a recipe for financial disaster. There were more than 2 million bankruptcies in the past Years submitted. Of these, nearly 35 percent of bankruptcies filed by people under the age of 25. Think about how a young couple to start with the future and all their options before them, they file for personal bankruptcy.
Not only individuals young and old, incurred huge debts, but the average Savings rate has fallen in recent years. The net savings rate of households on average less than two percent. That's down from 10 percent in the 1980s. This is the lowest Savings rate since the Great Depression. For the adults in their late fifties, the median savings of less than $ 10,000 (how much you have in your savings account).
In addition, less than half of the now retired have $ 50,000 available them.Many retirees have no retirement savings at more all.Without and planning ahead, families need to work more years and to accept limited lifestyles.
Are you meant for this meager existence with your current plan?
Credit vs. Cash
It is not just credit card companies, to promote the use of credit claims, but also the Companies now advocate their use as well.
Some time ago announced, McDonalds, that would allow credit cards used in its franchise be. The reason? Consumers spend an average of five dollars from the use of cash, but about seven U.S. dollars in the use of a credit card. This is an increase by 40 percent per shopping! As we move to a cashless society, our connection with real money, cash and coins you carry in your purse or pocket, is almost sacred.
We hold our cash while we are in front and pull the credit card or write the check to go. When you swipe write "or", " it do not feel like you are actually spending money.Why you think casinos use chips instead of cash? In contrast, if one hand to the cashier your $ 20 billion, you feel the pain. You notice it actually less money in their pockets.
It was found that if you cash via credit cards or checks, you will actually spend on average 12-18 percent less if you are buying. The reason is simple: money is real, it looks great, it feels real, you knew that it life.When all your cash is gone, it's gone. There is no reserve or backup. The feedback is immediate. If you're shopping on your credit card, the feedback will not show until the next statement and then just write a check anyway and often not even for the full amount!
In its basic form, the formula to the above to eliminate problems is found in three stages.
1st Spend less.
2nd Save & at least 10% of every dollar
3rd Make more money, preferably in your own homebased business (both for the cash flow and huge tax write-offs)!
If you are honest with themselves after reading this article and realize you need help. . .
I can show you how profitable results the number # 3 above, if you subscribe to my FREE Network Marketing Solutions Newsletter accelerated.
About the Author
Warren Little is a successful Internet Network Marketing Consultant/Trainer and motivational speaker. His passion is empowering internet marketers to achieve greater levels of success quickly. His “Network Marketing Solutions Newsletter” has become one of most highly subscribed to & recommended training resources.
