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financial planners

Opportunity to Serve

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FREE MONEY FOR SCHOOL
Opportunity to Serve

Financial Illiteracy Epidemic & Opportunity to Serve

Financial problems have reached epidemic proportions in our country, a crisis that causes major problems at both the community and national levels. Financial issues contribute to a variety of troubles many people face today: from crushing debt to retirement shortfalls. And the stress associated with financial issues can have devastating emotional impact. This epidemic hurts not only individuals, but the community as a whole.

Current statistics clearly indicate that many Americans are suffering greatly from a lack of practical financial knowledge. Reading these statistics and research is like looking into a crystal ball. Learning that as many as 75% of college students lack money handling skills tells us that those students are likely to run into credit problems in the future. Reading that the majority of U.S. adult workers have no savings or retirement plan tells us that those people will be unable to retire.

The U.S. economy is consumption-based. As people become unable to afford purchases- that reduces the country’s GDP. The whole world will feel the effects. But according to the NFEC, the country’s leading financial education providers, simply raising people’s personal finance knowledge empowers them toward secure futures.

Getting the message out is our main objective!

 

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Strategies that Increase your Wealth Pennies at a Time

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I’m always looking for ways to increase wealth for myself and others. One way I’ve learned that works is making small changes to my current spending habits. After creating a budget sheet and observing where I can cut costs on the big stuff like utilities, cable television, cell phone and internet bills. I then focus on other ways I can cut costs and make my household budget last longer.

The men in my family get hair cuts every two weeks. The cost of a haircut has gone up significantly. My son just had a barber cut his medium length hair for $25.00. So if he would go to that same barber every two weeks (I have since encouraged him to find a new barber who doesn’t charge that much), he would pay a total of $650.00 dollars a year. Now, if he stretches out his routine from 14 days into 18 days he could save $130.00 and only pay $520.00 per year. He could save even more if he keeps it long or learns to cut it himself (I’m just saying). Ladies I think we sacrifice enough, however, to make things fair I have to include some things for us on this post too. So, we can benefit from limiting the number of visits to the salon for our nails, and hair by doing them ourselves. Maybe once a month we can wear our up-do and have some girlfriends over for a ladies ‘mani’ and ‘pedi’ party. We can pool our funds together, do each other’s hands and feet or have a beautician come to our party! 😀 Sounds like a good plan to me!

I’m writing this to help others think creatively about ways to increase their wealth. Here’s a little acronym I came up with when shopping. I call it the MASS shopping system.

Make a list of things as they run out and before going shopping to force you to stay on budget.

Analyze what is a want versus a necessity. Wants are things you can do with out like a bottle of wine, cookies, cakes, ice cream. Yes, believe it or not we can live without them, although life is a little bit more boring. 😉

Sort through the coupons you receive in the mail from Sunday’s news paper during your down time or just before shopping.  Then plan your departure to the store and return home to save on gas.

Stay focused so you don’t get distracted by impulse items. You know, those cookies and ice cream. So maybe just buy them once a month from your savings. 😀

Those are my tips for this month. Short, sweet, and to the point. Thank you for your time, and remember to like this post and share it with others. Our positive energy makes the world a better place for everyone.  🙂

Wishing you peace and prosperity,

ET

Defamation lawsuit- So what’s happening with Jordan Belfort?

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money talk

Since being convicted in 2004, for defrauding clients out of $200 million, Belfort has reinvented himself as a “reputable entrepreneur”, working with client’s like Delta and Virgin Airlines. When interviewed by Nick Harding of the Independent, Belfort states “he still teaches his “Straight Line” selling technique; a set of pre-determined steps from first contact to closing a deal, in his seminars that pays him close to $30,000 an hour.”  That’s not a typo $30,000 an hour, what some employees make in a year.

I’m glad to hear that he’s turned over a new leaf, although at the time, he couldn’t have cared less about the people he was swindling. Isn’t it a shame that greed drives people to prey on those who fall for the glitz and glamour? I suppose the ones taken for their life savings will be more diligent in the future.

Here’s my tip for today: Be a wise consumer, ask around for recommendations for a Financial Advisor, and if they tell you something that seems to good to be true, it probably is. Ask for a prospectus before jumping on the bandwagon, take your time to investigate. Trust your gut instinct, and you won’t go wrong.

Peace and Prosperity,

et