As one sage said, we are “laying up treasure were moth and rust corrupt,” that’s how depending solely on money economy to meet your needs actually is! It’s all together a risky business. If we think that money equals wealth or security or success you will be at the mercy of those economic and monetary forces.
Think about a economy which job is hard to find. Manufacturing, tech, and even service jobs have migrated to lower wage countries and even advanced degrees no longer assure a secure position.
Credit-card debt of the average U.S consumer is over $3,000 and of the average household over $8.000! That’s not even counting the over $5.000 of mortgage and auto debt. More Americans now declared bankruptcy than graduate from college. We have spent every penny and taken advantage of debt limits on multiple cards and during the market and housing bubbles, used home equity loans and subprime mortgages to keep creditors at bay.
Advertising bombarding us from every side. The billboards has gone digital with flashing light and eye catching movement. Plummet ads are now on the seats of shopping carts, on floors of supermarkets and pouring into our email inbox. Why we are each bearing the responsibility of keeping our wallet zipped, temptations to overspend is every where and since we don’t have enough energy to resist the temptation will get cast up spending with our credit cards. Forgetting that it’s not our money, it’s borrowed and must be paid back.
Cooperations are now shifting from “defined benefit” (guarantees monthly payments based on salary and years of service paid by the cooperation for the rest of your life) to “defined contribution” (an amount of your money you can put into your retirement account) risk are transferred from the cooperation to the worker.
According to the US bureau of labor statistics, only 21 percent of workers in the private sector has define benefit pension. As a result there are grave concern, about the ability of seniors to financially afford the prolonged lifespan afforded us by the medicare.
Greatest money change
Over the years things have gone out of order. And the average American is not aware about. Not knowing that since Nixon took our currency off the gold standard in 1971. There has been no gold or collateral you can convert your Money into. It is “flat currency” -flat has in faith. It is heldup just by the faith we all have in it been worst something.
Because of this depending sorely on a money economy to meet your needs is a actually risky business.
The government will take care of you
You have to understand that most of the government financial policy towards you. Are not favourable at all, and there are also bad financial advice on the air. Some of it aren’t nearly has beneficial. The lowest kind assures people that the government will take care of them, This is what people counting on social security and medicare has been lead to believe. The problem is that the US government is the biggest debtor in the world and those solely depending on it will be trap.
Those who will succeed in the future will be entrepreneurs who understand how quickly business and money are changing, and who have the ability and flexibility to quickly change and adapt.”Robert kiyosaki