There is nothing I know of on planet Earth discussed more and misunderstood more than money. Money is always a major topic being expressed in the media.
People marry and divorce over money and sometimes kill each other. Countries even go to war over money despite what you have been told in the past. The media, financial newsletters, newspapers, TV, radio, seminars, and Wall Street all report on money.
Most people work over half of there lives in order to earn money. It’s misunderstood by most people and it’s not even being taught in schools across the country for some odd reason. A lot of nonsense has been reported and written about money since I have been living.
In my opinion, money is a very important tool that can be used as a way to work on other areas of your life. Some people would say money is not everything, which is correct. However, being broke isn’t either.
I believe we should all strive to find balance in lives in four areas: health, career, personal relationships and money. Our number one asset we all have is health. Without health we have nothing, including life itself.
According to money statistics, here’s why money is important in America:
Out of every 100 men, age 25:
66 will live to age 65
5 will be working for a mere existence
4 will be in good circumstances
1 will be wealthy
56 will be dependent on family, pensions, the community or social security for just something to eat. Living in one of the wealthiest countries in the world and one person out of one hundred becomes rich.
If you dig deeper and take a look at the U.S. savings rate as compared to other countries, no wonder so many Americans are in financial trouble. Last I checked the U.S. personal savings rate was between 1% and 2% in recent years. Other countries such as Japan, Sweden and Germany personal savings rate average 11% and higher.
The records show most Americans at the rate there going will have some financial problems in the near future. However, anything is possible if you decide to learn how to manage your money and become the person you were born to be. If you want to transform your relationship to money, I would highly recommend you read Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Revised and Updated for the 21st Century by Vicki Robin.
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