If you think the rich get richer and the poor get poorer simply because the rich start with money, you’ve given up.
If you think an emergency savings fund should be 3 to 6 months of expenses, we’re here to tell you that is so 1979.
Take back your life by starting a savings program today. Don’t base it on an amount of money – base it on a percentage of your after-tax income. Start with our 1% Savings Plan (see past blog entries to see the details).
Your emergency savings fund in 2010 should be 15 to 18 months of expenses in an FDIC-insured institution.
Welcome to 2010. Here…..you can get ahead if you work for it. You can grow beyond the limitations of the economy, but you have to focus on building your own plan for regularly saving and investing.
Yes, you should have a 401k, but you should also have emergency savings and you should be focused on making money outside of your steady regular income.
Keep educating yourself on making more, saving more and investing more.
It will make your family stronger.
HELPING YOUR KIDS GET AHEAD
In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!