CNNMoney.com had a great article about American's savings status on April 11, 2007 titled Have Less Than $25K In Savings? Get In Line
It is sobering and backs up what I have been saying about American's spending habits! We are spending ourselves to oblivion!
- Nearly half of all workers saving for retirement have savings that fall short of the $25,000 mark …
- Overall, 40 percent of respondents said they are not currently saving for retirement while 34 percent said they didn't have ANY retirement money saved whatsoever. A full 25 percent, meanwhile, said they had no savings at all – retirement or otherwise!
This makes me want to CRY!!! What are we thinking? That some magical fairy will show up at retirement and pay all of our bills? Are we so oblivious to this epidemic that we can't see it or have we just chosen to ignore it?
Read that key point again! Forty percent are not saving for retirement right now!!! What are they going to do? What are their plans?
Folks, this crusade is so HUGE! I need your help in reaching others! Have you spoken to your friends and family about this?
It is NOT HARD! It is NOT hocus pocus … it is FOCUS pocus! It takes about 2 hours to sit down and put together an INCOME – OUTGO = EXACTLY ZERO budget! The tools are free on www.JosephSangl.com! Just click on TOOLS at the top of the page!
Go tell your neighbors! Go tell your friends! Go tell your family! Invite them over for dinner! Show them what you are doing that has changed your entire financial future! Show them that it can be done! Show them that there is HOPE! Show them that you are there to help them!
Let's reach America and show them a better way!