Americans, having been practically bled dry by predatory government tax, medical, legal and other calamities, are not in the position where they can waste any time or harbour any illusions in beginning to preserve their fortunes. Sadly, we must "sacrifice our anchors" too- the anchor, in this case, being the trust in authority and our fellow citizens who are in positions of authority such as lawyers, doctors, politicians, etc. The time to start is right away. What are YOU spending money on? What are you being convinced is more important than your financial security, which is the one and only safety net you can count on in a Capitalist Society? Rather than your Anchor being your ties to the community, unfortunately we must re-orient ourselves to understand the TRUE source of security in a Capitalist Society- Money. And more importantly, how to preserve it.
Most Americans have been taught that wasting money and surviving on credit is an OK way to live their lives. The average Asian or Indian family who immigrates to the USA has at least $100,000 in the bank, but the average American family is in debt. That's because they are still operating under the illusion that there is a safety net here, whereas the foreign family is not. It's a very different attitude that Americans, unfortunately, must adopt now if they are to pull ahead.
What are YOU spending money on that you could be saving?
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