The Secret Shame of Middle-Class Americans
In our country, it's normal to live paycheck to paycheck. Even amongst those of us saving, 52% of people with a 401K have LESS than $10K saved up! So I shouldn't have been surprised when this article came across my desk this morning:
The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars!
Check out the full article here:
http://www.theatlantic.com/magazine/archive/2016/0...
I see that in the lives of so many who come asking for help! What's worse: I also see it in the lives of those CLAIMING to help YOU build wealth! In fact, I remember a friend long ago who was 80K in debt but after signing up for a guru course on how to generate funds for real estate" branded herself the "Queen of Credit" and created a newsletter to tell people how to get out of debt and fix their credit!
You don't have to live paycheck to paycheck. You CAN retire with dignity. Real estate investing can help you do all that and more.
"Financial impotence has many of the characteristics of sexual impotence, not least of which is the desperate need to mask it."
Don't mask it. Fix it. This site has a whole community of investors who are here to help you build wealth through real estate investing. You can do it!
Comments