AMERICANS AND SAVINGS

Recently I read that Americans are not saving at a rate sufficient enough for most to ever consider a decent retirement.

There were a lot of reasons given … and of course, the current economy is at the top of the list.

It’s pretty tough to save when every single dollar earned each month is already spent. Unfortunately too many Americans run out of month before they run out of money.

What do you do?

I’m asked this all the time.

Here’s my answer …

You ALWAYS pay yourself first.  Each month … the first check you write is to yourself. Even if it’s a small check … you pay yourself first every month. What you do with the money you’ve saved is the difference between financial struggle and financial freedom.

But you have to have something to start with.

When you have a BOY program, you’re paying yourself automatically every month when you have a premium payment taken out of your bank account. What you do with your accumulating cash value is the difference between financial struggle and financial freedom.

There are 3 skill sets you’ll want to practice on your way to financial freedom. The first is EARNING more money from your working efforts. The second is SAVING and managing the money you earn. The third is GROWING the money that you’ve saved so you won’t have to work anymore.

A Bank on Yourself program is designed to provide you with the opportunity to take advantage of anything that comes your way. Your cash value is liquid and available and you control when you use it and repay it.

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