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How Money-Savvy Are You?
Do you get confused when talking to your lender about your refinance options? Are you baffled at 401 (k) talk or strategies that try to explain real estate investments, savings, and stocks?
If so, you're not alone. Most Americans can barely manage a household monthly budget, much less plan years ahead toward their financial future. It just isn't a part of our educational system, so when and how are you supposed to learn?
How good do you think you are at handling your finances right now? Are you free of debt, or at the very least able to pay all of your bills on time each month? Do you foresee a time when you think you might actually own your own home? Is wealth-building even in your vocabulary - or are you just hoping to make ends meet?
Most people fall into a trap of handling, not managing their money. They handle bills, creditors, and contracts. They don't take a holistic approach to their finances and make sure they're managing its growth.
The fix to this dilemma is to make sure every American gets an equal financial education
You start with the basics and move along until you have a healthy bank account - one ripe with investments and opportunities.
What's Your Debtors IQ?
It's okay to admit it, but most consumers won't publicly announce the fact that they're absolutely clueless when it comes to knowing their current credit score or standing within the financial community.One of the first things Financial Destination Inc. asks its members is whether or not their credit is healthy. If not, then they take you by the arm, give you quick shot of education about how to improve your credit score, and set you on your way to wealth.
Being in debt can wreak havoc with your credit reports and score. It doesn't matter if you've paid every single minimum payment on time - the amount of debt and figures can cause lenders to tack on additional interest rate points and prevent you from getting a loan at all!
CreditTrax helps you repair your credit score by 50-150 points, which can have a dramatic effect on your credibility as a loan risk. Most consumers just sit by and see what happens, but you have to be proactive with your finances because nobody's looking out for you, but you!
If you want to go from mired in debt to multi-millionaire, you have to get the financial education you deserve. It isn't hard. It won't cost you an arm and a leg. It just helps the average Joe get a handle on his financial health.
Get A Foothold on Your Financial Education
What Do You Find to Be the Hardest Thing About Money Management?
Why not stop by Financial Destination Inc. to see how we can help you overcome your financial difficulties. But first, vote!
Are You Spinning Your Wheels with Your Savings?
Guess how often I see people sock away money under the mattress. Or even stick it in a bank (where it earns almost NOTHING), just because it's in an account called 'savings'?Too often than I care to know about, to be honest!
It's a shame that so many Americans are slamming the door shut on money they rightly deserve. Instead of leveraging their cash to build a great deal of wealth, they're letting banks use it to funnel money into their own pockets.
I don't think that's very fair. You need to be educated about the vast possibilities you have to take your current debt and turn it into something that works to help you build wealth.
This type of system isn't routinely advised to you by your lender because they're hoping you'll continue sticking your money in their account, where they pay you pennies to let them keep and use it until you need it in the future.
I call this spinning your wheels. When you're getting nowhere, fast, times have to change.
Take the reins of your financial future and learn how to invest in your finances using the same system that has helped many become Average American Millionaires.
Have You Managed to Increase Your Cash Flow Through Wealth Building?
Goldstar wrote...
Hey man,
Nice lens... hope you keep it up! I especially was impressed with the notion: It's a shame that so many Americans are slamming the door shut on money they rightly deserve. Instead of leveraging their cash to build a great deal of wealth, they're letting banks use it to funnel money into their own pockets.
Posted November 27, 2007
Saving Money Isn't as Cut and Dry as What the Bank Tells You
When you want to build wealth, not just stuff a few dollars and cents away, come to Financial Destination Inc.
Saving is the conservation of money. Methods of saving include putting money aside in a bank or pension plan."Random House Unabridged Dictionary." Random House, 2006 Saving also includes reducing expenditures, such as recurring costs. In terms of personal finance, saving specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is higher.
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