Читать книгу Family Financial Freedom - Floyd Saunders - Страница 5

One of the objectives of this book is to help you overcome the many roadblocks to financial freedom. These include:

No Goals - Only a small percentage of the population is adequately prepared for retirement. When you have goals you start to move toward accomplishment of those goals, the path starts to become clear and you find ways to reach those goals. The need for goals cannot be overemphasized. You must overcome the belief that the future will take care of itself.

Ignorance - Even the most intelligent person can be uninformed about how to make their money work harder than they do. You just need to have an understanding of the basic principles and concepts of how money management works to make informed decisions. The good news is anyone can do that.

Debt - Excessive debt erodes your personal wealth, lowers your credit scores and hobbles your financial future. According to creditcards.com the average American has over $15,000 in credit card debt, holds at least three credit cards and pays on average 14.35% on the outstanding balances. Total U.S. consumer debt as of December 2011 was $2.498 trillion dollars. This includes credit card debt which increased 4.1 percent last year and debt for things like cars and education, which rose 11.8 percent. The trend is even more alarming, as the annual rate of increase in consumer debt is 7.5 percent. If you are like most Americans, a major contributor to debt are your credit cards, which can be defined as ”a means for buying something unneeded, at a price you can’t afford, with money you don’t have.” Stop already, cut up those cards and use cash.

Poor Investments - The purpose of investments is to create more money for your future, to secure your financial freedom and to allow you make important purchases like a new home, education for your children and to have a secure retirement. Poor investments work in reverse, consuming your money and destroying your wealth. Beware of investments that promise everything. If it sounds too good to be true, it probably is.