I Wonder Why

  • I've been doing this for 35 years and some things still baffle me. Many are irrelevant, but a few are important.

     

    For instance, why is it that otherwise intelligent people fail to plan their finances? I've seen doctors and lawyers who couldn't read their bank statement. Or teachers who didn't know whether they were saving any money for their kids' college or their own retirement.

     

    I know of people in their 50s who don't know how much income they'll have in retirement but assume that they're going to fly to visit their grandkids two or three times a year. Yet, the truth might be very different if they don't start making provisions now.

     

    I just read an article on the USAToday site. It began: "Americans hoping to fund their post-work years on an average Social Security check of $1,410 a month may want to rethink their retirement savings plans." Further in the article is this quote: "Half of current retirees and 42% of future retirees say Social Security 'is or will be' their 'primary source' of retirement income".

     

    Here's another example from a study by the National Endowment for Financial Education. It "finds one in three Americans are financially fragile,"

     

    I'm hoping that you can help me answer a question. What is it about you that makes you aware and willing to take control of your finances when so many others won't take the time or effort? I'd love to know how to motivate more people to take steps toward financial freedom and your answers might help us to help others. So could you send a short email to me and share why you care about your finances? I'd appreciate any ideas you can share!

     

    Keep on Stretching those Dollars!
    Gary


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