Formula For Millionaires Blog

When The Federal Deficit Doubles - Will You Be In Financial Crisis or By Then Will You Be Financially Free?

Tonight President Obama held a press conference in which he gave a brief opening statement of hope that we can get through this economic crisis but it will take.

 

After his introduction he was questioned by selected members of the press, and a couple themes prevailed.  I’d like to mention one of those themes in this blog.  The president was asked about his propose plan to double the federal deficit over the next 10 years from 11 trillion to over 23 trillion dollars, and whether he thought this was fair to push that problem into the future.

 

His answers were diplomatic and centered on his theme to rebuild the economy and ensure low cost healthcare to all.  Yet through the evening the question continued to be repeated.

 

I don’t want to discuss the pros and cons of his proposal. I want you to realize that everything in the economy that used to work is changing.  In the last six months more laws have been enacted that will change the future economy of this country than all the laws in the last 50 years. I’m talking law changes that have long time consequences long after the economy gets better.

 

The old rules of money just became obsolete. The US has enacted new laws regulating money that make everything different for you and me from this day forward, and it might or might not be good.  I have my own opinion about it, but we all agree that it will be very different.

 

No longer can you count on:

·         Pension Plans

·         401-K Plans

·         IRAs

·         Savings

·         Bank Deposits

·         Your Company to Employ You

·         The Government to Care For you

·         The Stock Market to be secure for the long term

 

Not only has the market lost most people’s saving, but retirement plans have gone broke, banks have been seized by the Feds, and our currency itself is in risk of high future inflations once the economy rebounds because of all the printing of money that has occurred during the last six months.

 

I don’t want to sound like a negative person, I am completely optimistic. I think there are huge opportunities for us all right now.  Despite most people losing money in the last 12 months, my net worth has gone up more than any previous year in my life.  Why? Because I don’t play by the same money rules everyone else plays to.  I don’t rely on all those things listed above. I follow the principles that create wealth. And those principles work in any economy and work for any person smart or not, rich or poor.

 

The point of my comments about the changes happening is for you to realize the only way for you to have financial security in your future is this:

 

By that I mean create your own financial security that is not dependent upon the stock market, the government or your employer.  That way, if your employer goes broke, you are still financially secure.  If the stock market crashes you are still financially secure.  And if all these new financial changes that congress is making fail us in the future and turn out to not work as everyone hoped, you can still be financially secure.

 

So, how can you do that?  You do it by getting savvy about how wealth is created and start working on your very own personal wealth plan. You don’t have to pay me thousands of dollars for me to tell you how to do it. I give bits of free information in my blogs and articles and recording.  And you can buy my books for less than $20 and hear in depth my 7-Step Formula For Becoming A Millionaire. I encourage you to listen to my radio audios that I make available free on my website.

 

I want to make you financially free.

 

Sincerely

Paul