Wealth Education

In a world that revolves around money, it is a sad, and amazing, truth that most of us end our school years and attain to adulthood almost totally devoid of financial skills. At the same time we are on the brink of taking on the responsibilities of a family. After somewhat blindly groping our way through several years – and sometimes several decades! – trying to come to terms with the fact that our paycheques are always, apparently, way too small, that our bills always appear too large, and the new understanding that it costs a lot more to keep a spouse and children than we would have ever imagined, if we had ever thought about it at all.

Eventually, when we realise that the various parts of our finances are not ’in sync’ with each other, we decide that we probably should look at using a budget. Good idea. (Now where did I put all those bills?)

Now, a budget is a good idea. We need to know where our hard-earned cash is going and where we can cut down so we will be able to have a bit more to use for the things that we really want. Of course, a budget is only the very beginning of the financial literacy education we actually require, because it only highlights what we are spending at this point in time, and those areas where we might be able to slice a bit off our spending, but it doesn’t give us any idea of what we can do to make the most valuable use of the extra cash we are going to accumulate because of using the budget.

Don’t forget -

Knowledge applied is the key to wealth

It is important for us to go further than just a budget. We need to go much further, if we are to ever realise the lifestyle we want to live and of being able to do those things for our children and grandchildren - and others! - that we wish to do.

In a time of economic recession or depression, the people who get through with flying colours are those who know what is happening and know how to use it to their advantage. Were you aware that there were more millionaires made during the Great Depression of the 1930’s than at any other time in history?
Since the global recession began in September, 2008, people have lost employment, their homes, and their retirement funds, just as they did during the Great Depression. We are now going through a time which is seeing the greatest transfer of wealth of modern times. The middle class is shrinking and could disappear altogether.

This is a fact of life, brought on largely by a lack of foresight by those in positions of authority, and occurring over many decades. But, we are all responsible for his or her own life. Those who are prepared will reap the rewards.

What we must know is not just how to protect our assets, but also how to live well in the ‘new economy’. What you need to know is available to you. The opportunity has never been greater.

When this recession is all over and the dust has settled, where will you be?
Learn more about how to secure your financial freedom: www.pro-turnkeymarketing.com/?site=CAYM

By: Valerie Eldridge

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I have been an administrator and manager of offline and online businesses for many years. As a ‘Baby Boomer’ I have been increasingly concerned with the lack of financial literacy prevalent in today’s society, and when the global recession slashed my retirement fund in half, I decided that I needed to have more control over my financial future than I had previously had. You can join me on the path to building wealth and a secure future here: www.safesmartwealth.com