The Secret That Can Change The Future Of Your Family

family-homeThis is your chance. A real chance for you. A real chance for your family. Are you ready? If you have not had your own serious savings program, you are standing on the edge of an opportunity that can change the path of your wealth and eventually the path of your children and family line.

Wow. That’s a lot, right? What does it take? You have to have several elements:

You must begin. And you must continue.

You must be committed to regular and steady savings as a percentage of each paycheck you receive (based solely on after-tax income).

You must recognize that time cannot be sped up during this process and that the important factors are: Steady and regular savings with commitment and patience to “stay the course.”

You must include your family members (especially your children who are likely to come up with the best brainstorming ideas about saving more money and reducing debt and/or spending).

If you fear you cannot save money based upon your income and your bills and expenses, you may wish to being 2011 with our “1% Savings Plan.” This can be found in past blog entries or at www.MiddleClassMoney.com. This is a steadily growing savings plan based upon 1% in the beginning and growing to 20% so that you don’t experience a shock to the system of growing your savings regularly.

It is also recommended that you review your spending every six (6) months to see if there are areas where you can identify savings and reduce spending in the future.

We also recommend you look at your bill paying like a business does and work with those who bill you to reduce the monthly amount. When they reduce your monthly outlay, take the amount you “saved” and push it toward a new monthly savings amount. Save that amount each month as if we didn’t reduce your bill at all. This grows your savings “pie.”

While this is not a get rich quick strategy, it works.

It works.

It will grow your savings. Your family will engage in thinking differently about money and you will see opportunities to save more clearly.

You can do this. When you do, you will feel empowered as a consumer and empowered by the appearance of more options for you and your family.

Please remember that you must start. You must be committed. You must involve all family members.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
www.stickyasset.com/blog
www.middleclassmoney.com
www.boostmywealth.wordpress.com
www.squidoo.com/boostmywealth
www.stickyasset.com

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I Want My Kids To Do Better Than I Have

Debt is the #1 killer of wealth production for the middle class in America. Forget about almost everything else for now. Our society has been taken over by corporation marketing and a real conspiracy to boost consumerism to the tune of the corporate profits machine.

We have gone in the U.S. from being a value country to being an entitlement country. We have also gone from a country that buys things on a cash basis to a country that focuses on a credit score. Oh, my, what will happen if you can’t borrow a lot of money? YOU WON’T BE IN HEAVY DEBT.

Still, they’ve got most of us trained that cash is out of favor and credit is king.

The results have been staggering: super large debt everywhere you look and smaller savings. More and more people look to government to bail them out, but they are busy bailing business out.

When it comes right down to it, you and I will have to bail ourselves out even when unemployment continues to be officially high and unofficially really high (the defined difference between unemployed and underemployed).

You must begin by looking at your expenses and removing 12 – 15% of your expenses by calling everyone who sends you a bill and asking for help to reduce your costs. Be open minded to their ideas as well as persistent with your own ideas. Ask for a supervisor. Expect to hear no. Keep asking. Tell them your family has hit hard times and you want to pay your bills, but you simply must reduce your expenses by 12 – 15% immediately.

Sit down at the kitchen table with your family, including your kids. Tell them you are reviewing all spending and you need everyone’s help to begin building regular savings and investment. Involving your kids won’t protect them from “adult stress.” It will help make them wealthy over their lifetime. It will give them more options and allow them more control.

Talk about ways you can reduce debt and increase savings and investment on a regular basis. You may be surprised at who comes up with the best ideas.

Review all credit cards. Credit card companies are the enemy of your family. Find out the interest rates you are being charged on each card you have. See if you can consolidate these cards into a low-interest rate card. If you can, make sure the new card is covered under the new financial regulations. Don’t trust credit card companies.

What happens if you can’t consolidate? Pay the minimums on every card EXCEPT the one with the highest interest rate. Pay as much as you possibly can on that one card until it is PAID IN FULL. Then, move to the next highest interest rate and continue. Do this until you have no credit card debt.

Keep this in mind, too: Your checking account is a money laundering account for other people’s money. Use any opportunity you can to take any extra money out and push it to savings where you won’t spend it so easily.

Brainstorm with your kids on how the family can earn some new dollars only for investing. You may be shocked at how much extra money you can find or earn to invest month after month.

What will this do? It will show your kids it is important to be responsible with money. It will also show them that they can empower themselves and their family when they have kids to grow savings and boost investment all the while growing wealth.

How would you like your kids to do better than you?

You can do this!

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. They have had “emergencies” all their lives. These emergencies always get in the way of saving money regularly. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I learned nothing until I had made many of the mistakes they made. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle. I have had to learn the hard way how companies mislead with marketing. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like www.boostmywealth.wordpress.com and www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”)!

In …

The Great Deleveraging Era & What It Means For Your Family

A huge warning has been sounded.

The world has changed.

Everyone saw the great recession, but did you see the debt clock tick, tock? The debt that everyone thought was fine in 2006 now functions like an anchor around everyone’s neck in 2010 and beyond.

shutterstock-36703882-2Companies are hoarding cash. Everyone is looking to flush debt. Companies are begging out of debt, refinancing and doing strange deals with anyone and everyone to deleverage their debt.

The economy continues to limp along. The U.S. Government is “doing into the hole” with the Chinese as the Chinese are purchasing the world. This will all have a long-term impact on what you eventually pay for any debt and it is also likely to impact the quality of goods on the U.S. market. It could further erode the employment picture for Americans and almost certainly ability to have substantial income.

What does the great deleveraging era mean for your family?

Deleveraging is a business word, but you should be doing what companies are doing now. You should be protecting your family.

It means you should be busy before it is….too late.

It means people with large debt will be in more and more trouble as we get into 2011, 2012, 2013 and beyond. It also means that those without debt will be in the drivers’ seat.

It all begins with telling yourself you can and making sure your focus is on PERCENTAGE of your after tax income that you are ACTUALLY saving.

You must begin by saying two things to yourself and your family:

1. We will find a way.
2. We can build savings and wealth – together.

How bad are things for your family?

You can answer that with these important benchmarks:

1. Do you have 15 to 18 months of expenses in emergency savings (money market savings and certificates of deposit)?
2. Are you regularly paying more than the minimums on any credit card debt?

You don’t have to save 15 to 18 months of expenses all at once, but you must get moving.

Over the last 100+ years the U.S. has had the wind at its’ back. This was created by a strong manufacturing and innovation via technology advantage, but the wind is shifting in a hard way.

For perhaps the next 130+ years, Asian counties will have the wind at their back. We will have to be better than we were with the wind at our back and continue to be more innovative in the future, but families will have to reduce and eliminate debt, save regularly and work together to build wealth to sustain a good lifestyle. This could not be more serious – and the time to take consistent action is NOW. Begin.

And you can do this.

If you want to begin with our “1% Savings Plan,” you can do that by checking out the details in past blog entries or at www.MiddleClassMoney.com.

Bring your family together at the kitchen table and begin with brainstorming that will help your family reduce expenses and apply the savings to….you guessed it….savings.

Establish your OWN plan for regularly saving money (and I mean in money market – away from your checking account).

Come back and check out blogs like this one and find additional ways to save $ by using coupons, coupon codes, negotiation and more tactics to help your family. Be willing to look at options for reducing spending and piling on savings. This is the beginning of your comeback.

Less debt = more savings.

More savings = more wealth.

You can do this.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.

All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your …