“THE AMERICAN DREAM”

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WHAT IS THE AMERICAN DREAM?

According to a study by Parade Magazine, the traditional American Dream is based on the belief that hardworking citizens can better their lives, pay their monthly bills without worry, give their children a start to an even better life and still save enough to live comfortably after they retire. But many average Americans are struggling—squeezed by rising costs, declining wages, credit-card debt and diminished benefits, with little left over to save for retirement.

Ultimately, we would all love to be DEBT FREE and live the American Dream. We ALL want the best for our families.

Have you ever wondered what would your life be like without any debt? Just for a minute try to imagine what it would be like to NOT owe anything to anyone.

THE UGLY TRUTH

Take any 100 people at the start of their working careers. Follow them for 40 years until they reach retirement age, and here’s what you’ll find:

– 54% will be dead broke – dependent on their meager Social Security checks, relatives, friends, and even charity for a minimum standard of living.

– 36% will be dead…have passed away

– 5% will continue working, not because they want to but because they have to.

– 4% will be financially secure.

– Only 1% will be wealthy.

That means only 5% of the work force ends up being financially successful while 95% retire more or less destitute. In short, only 5% of the population have enough to retire by age 65. There will be a high possibility, a 95% possibility that YOU will be either dead or dead broke by 65 years old.

Isn’t that scary?If these stats continue to hold true it means that many will be forced to move in with their kids at retirement. If you’re in your 40’s and still have 30 years left on your mortgage and little saved you best be kind to your children.

IS THE AMERICAN DREAM STILL POSSIBLE?

YES, I believe it is. But in order to achieve it one must change their mindset.

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Discover a powerful program that thousands of Americans are using to eliminate their mortgage and consumer debt fast! Click here now!

charles lenoir

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I am sure most of you have heard of the Parker Brothers game called Monopoly. Monopoly is a classic board game that has been around for over 100 years. The object of the game is to become the wealthiest player through buying, renting and selling property.

However, anyone that has played Monopoly long enough will realize that the game offers a lot of financial wisdom and lessons that can be applied to the real world of finance and investing too.

This was a great post circulating on the internet that I wanted to share. It gets at what I have been telling my friends, family and fellow entrepreneurs for years. As a Real Estate Investor and an Entrepreneur I LOVE playing the game of Monopoly.

Here is why…

monopolyMonopoly can teach important economic, academic and social lessons. Let’s break-break the values now;

Economic Lessons of Monopoly

① Make smart investments.
② Build reserve funds.
③ Understand the role of luck. – Take advantage of valuable opportunities and be ready for setbacks.
④ Take risks. – Consider the trade-offs and put your money to the best use.
⑤ Play banker.
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Back in October 2012 ESPN released its first episode of 30 for 30′s second season with a documentary titled “Broke”, detailing how so many athletes end up broke and bankrupt shortly after retiring from their given sport.

[VIDEO] – ESPN “Broke” Documentary

The Reason Most People Are Broke, No Financial Education

This echoes what many reports have stated regarding lottery winners ending up in bankruptcy within three years of submitting their winning ticket.

Why is this? It can’t just be a coincidence, can it?

The answer in short is no, its not a coincidence. The biggest misunderstanding about money is that in actuality, building wealth is not an event, but rather a process.

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