The Investments You Need…
“I’ll get you my pretty, and your little dog too.” The Wizard of Oz, 1939
A commercial that is currently running on TV explains how easy it is for you to move your money from wherever it is now into “the investments you need” and the coffers of the company running the ad. It’s their way of saying “I’ll get you my pretty…”
The problem with this ad and so many others like it is that most Americans don’t need investments. Most Americans NEED:
- ~ to get out of debt
- ~ to save money so they can turn it into income they don’t have to work for and that they can’t outlive
- ~ to insure that they can pay the bills when the unexpected happens - and it always does
- ~ to teach those they care about how to stay out of debt, how to avoid the BS of the Behemoths about “needing” investments, and how to be their own bankers
I once asked agroup of small business owners what they would call a person who accomplished these four goals. I got several answers but the one that garnered the most attention - and laughs - was made by a woman that owned a drapery company: “I’d call that person” she said, “a figment of your imagination.”
She was and is wrong. Many Americans have discovered that being one’s own banker is a safe and sure way to achieve these goals - a way that is possible for everyone who chooses it. You can do this and Money for Life…in good times and bad gives you the roadmap, the tools and the guidance to do it.
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April 19, 2008 at 2:04 pm
So true. In an age of Credit Card Debt in America - it’s all the more imperative that we educate ourselves on how to create financial freedom AND maintain it!
I HIGHLY recommend your readers get the book: The Automatic Millionaire by David Bach. It will help anyone pave the road to financial freedom… The sooner they read it the better off they will be.
Lee
http://www.SoGettingRich.com
April 20, 2008 at 12:44 pm
great post!
only after achieving these 4 steps should people then focus on investing and creating alternate income streams (so you’re not dependent solely on your income)
April 21, 2008 at 9:46 am
thanks for the link to the book, i might check it out. Life is so hard nowadays, and it is true that most of American need to get out of debt instead of buying insurance. I believe this comes from the consumerism ‘tradition’ which was established by corporates in US
April 22, 2008 at 12:38 am
I love this stuff. Thanks for your post. I hope people realize how valuable this kind of information is.
May 13, 2008 at 8:45 am
Fascinating perspective. I look forward to reading the book and seeing more of your thoughts on this.