The new American Dream should have full control over your personal finances. Real wealth is knowing that you do not have to worry about any financial decision in your life again or for future generations. For most Americans, life is made of a job, pay bills and then worry about taxes. Now where in the scenario that does not appear that you have total control? If you have a line in the sand and ready for change?
Now is the time! Let’s take an honest look at life on average. Working for someone else will give you a future that has a sense of security, but is it true? The employer pays you a percentage of the money you make for him. I explained to my staff over the years that no matter how they choose to see that if they do not how much money I pay them what I could afford. I’ve done for the government, but we will talk about it in a heartbeat.
Your job is not safe to just give you some money to pay your bills every week. As recent events have shown us more than the most stable of the company fired and what happens?
The government and taxes is your primary boss. Currently employees have to work until mid-June each year just to all taxes levied on us to pay. And we all know that only two things certain in life are death and taxes, and government attempts to control both. Not much for us to control.
Guilt that you control. The only way to check is to eliminate the debt. Eliminating debt is like trying to quit smoking after you’ve smoked 30 years. Guilt is a drug addiction for more households in America than all others combined. For full control over your life debt is the first thing you get mastery.
To begin to take control of your money to take what you have and to work for you instead of your work before starting. But how do you do that? First you start saving before you do anything else. If $ 5 per day, it’s a start that will give you control over the first step.
Then start eliminating debt. The key here if you pay for something than not replaced. If the car you pay for that payment to your savings plan to add. Instead of paying 72 months for a car in 42 months you can pay cash. Add 50% for the life of the things that typically borrow money.
Find ways to increase your income. Working for yourself so you can get 100% of the benefits of what you do. Start small by working from home as possible. Take that and add income to your savings. Determine the amount of money you have on hand. Cash really is king when it comes to full control. Focus on pensions, savings and your life will change. Do not be discouraged first, small steps, but will use it myself.