The 2014 Money Saving Challenge

 MONEY - SAVING - CHALLENGE!
  How long does it take to form or change a habit?  I have no idea - I just wish that there was a magic wand or potion that could make me instantly develop good habits.  I would drink a language cocktail so that I could speak Spanish fluently, and a double exercise cocktail so that I could have a beautiful flat stomach. 

  Since there are no magic potions it will be necessary for us to take a leap of faith and depend on ourselves.  I need volunteers to participate in the challenge (I am looking for my Miller Homes family from New Jersey to participate!) 

     If you are interested in forming a habit of saving money - then take the challenge.  Leave a message in the comment section.  If we share DNA I am also looking for you to take the savings challenge.  If we are of the same gender "ladies" then I am looking for you to take the challenge. I am calling all men - I challenge you to take the savings challenge.       

     What will we have to show for our lives if we never keep a portion of what we earn?   Are you content with the state of your finances?  Do you have money set aside for emergencies?  Have you started saving for retirement?  How about the children that you love - have you started a college fund?

   We are never too young or too old to get started.  No amount is too small.  At the end of each day I need EVERYONE - this means YOU! - to start cleaning out your pockets, handbags, purses, book bags, and find all your loose change.  Did you know that if you save an average of $1.37 a day at the end of the year you will have $500.00? 

     I need EVERYONE - YES YOU - AND YOUR KIDS -AND YOUR SISTERS - AND YOUR BROTHERS - AND YOUR BFF - to find a mason jar, a box, a bag, or a bank and start saving your loose change.  We have the remainder of 2014 to develop the habit of saving a portion of what we

earn. 

MONEY-MONEY-MONEY-MONEY-MONEY-MONEY-MONEY-MONEY

  

THE FUTURE IS COMING - IT WILL REQUIRE MONEY TO LIVE IN IT!



Retirement is for Old People.

    

     We will die young or eventually reach the age of retirement.  Young people believe that retirement is something that only happens to old people.  Guess what?  At the end of each day you are one day closer to "old age" and one day closer to reaching the age where people start to retire.


     No worries old age is for "old people."  No need to think about growing older or how you will eat, live or pay your way - those concerns are for "old people."   NO WORRIES - The money will come from somewhere!

The Reality

       According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

1 will be wealthy,

  4 people will be financially secure,

 5 people will continue working out of need,

36 will be dead, and

 54 will be dead broke depending on their Social Security checks, family, and even charity.

   

         Because of a lack of knowledge and naïve assumptions, Social Security has unfortunately become the main source of income for almost 50% of retirees.  In reality, a monthly social security check will only replace about 40% of a worker’s earnings, and alone may not even provide a standard of living above the poverty line.  Nevertheless, according to the US Department of Health & Human Services, 96% of all Americans will retire financially dependent on the government, family or charity.  






     http://finance.yahoo.com/news/retired-and-broke--social-security-can-t-support-seniors-forever-212744627.html

Destiny Created

"You Cannot Escape the Responsibility of Tomorrow

by

Evading it Today."

Abraham Lincoln

*

Lucille Tyler Baldwin

Author of "Sick and Tired of Being Broke"

http://www.thejourneytowealth.blogspot.com/

lucybaldwin27@yahoo.com

Are You Preparing for Retirement?

                 



According to the Social Security Administration, if you randomly take 100 people at the start of their working careers and follow them for 40 years, at retirement age:

• 1 will be wealthy,

• 4 will be financially secure...

Lucille Tyler Baldwin
Money will not suddenly appear because we are older -

Do not wait until tomorrow - start preparing today. 

Get your copy of my new book "Sick and Tired of Being Broke"
Available at:  http://www.buybooksontheweb.com/

http://www.thejourneytowealth.blogspot.com/
to contact the author for questions, comments or to order signed copy: lucybaldwin27@yahoo.com