Debt, like dieting begins with confronting reality. In the beginning you must step on the scale and face up to your weight. The same tenet holds true with debt, if you don’t know where your debts are and how much you owe, you cannot begin to eradicate them!
We’ve all seen the ads that promise big money: “Sleep until noon!” “Work in your pajamas!” Unfortunately, the only people that usually make any money in these schemes are the organizers at the very top. Ripoff Report also lists 846 MLM company complaints, many with reports high monthly thresholds and low commission rates, misleading promises and loss of initial investment.
Even though my family was in the real estate business, I’ve bought and sold investment property and our own home many times, and my neighbor is going to sell his own home, we are using a real estate agent.
I’ve been fortunate to know personally many folks of great wealth. Most of these individuals did not inherit wealth, but earned it the old fashioned way, through hard work. Many are entrepreneurs, some are not. My dad’s best friend worked for the IRS for many years, was an investor of the side, and died recently with a $10 million dollar estate.
Face it, most of us are really busy and a bit avoidant. That can be a real problem when your money is concerned. If you don’t start saving early, IT IS VERY DIFFICULT TO ACCUMULATE WEALTH. This article is designed to MOTIVATE and INSPIRE you to start saving now with a story of Sam and Audrey. You will learn why the earlier you start putting money away, the less you have to save overall to accumulate wealth.
It is very difficult to save if you are carrying credit card or high interest debt. Look at Josh’s situation; he loves electronics, computer games, entertainment etc. and believes that since he has a job, he should reward himself by buying whatever he wants.
Learn amazing secrets to expensive shopping on the cheap! You won’t want to miss this one!
Me: “NEVER GIVE UP. YOU NEED TO CALL THEM RIGHT AWAY AND EXPLAIN TO AMAZON THAT YOU DIDN’T KNOW YOU WERE SIGNING UP AND THAT YOU CANNOT AFFORD THE FEE.” Daughter: “It’ll never work. After all, it says I can’t cancel once the month trial period is up.” Me: In an elevated screaming tone of voice, “It doesn’t matter what it says, YOU NEVER GIVE UP. Call them NOW and explain that you can’t afford it and that they need to cancel your subscription and REFUND your money.”
I was going to be the primary breadwinner for 4 years, and I had NO JOB. I was so stressed that I remember looking at the grocery clerk in awe and thinking, “Even she has a job!”
There is HARD EVIDENCE that jumping in and out of the market is deleterious to your returns.