I'm Not Like Them

So many people in America are lying to themselves about money. If you don’t believe me, just read the newspapers and watch the news. Money is the #1 reason for divorce in America today, for both young and old couples. Even for the marriages that survive, many more people are filing for bankruptcy. Debt is really becoming an epidemic in America today.

Around Thanksgiving, I saw a very interesting news segment on one of the popular 24 hour news stations. It was quite funny to me. The guest on the show was explaining to the host, what Lay-A-Way was. Being a product of the 70’s that was how my mother shopped. And the funny thing is that it did not kill me. The stores would not allow any items to leave their store until AFTER it was completely paid for. This was the true meaning of delayed gratification.

Now, there are some people in America who truly are wealthy. However, these people normally do not even “look” rich. According to Thomas Stanley, author of The Millionaire Next Door, most of these wealthy folks are teachers, small business owners and other non high-income earners.

The thing about high income earners, like Mr. Griffin from the previous blog, is that they have to spend a lot of money just to maintain their status. This includes spending thousands of dollars a year on clothes, jewelry and automobiles. This leaves them with little money to invest for later in life. I do have to admit that there are some high income earners that are very good with managing money.

If you are one of the few people that are in good financial condition, I would like to say congratulation. However, if you feel that there is room for improvement, financially speaking, then stick around. We will begin explaining some simple steps in which you can use to improve your finances. Just remember that it is never too late to take control of your finances.