Tired of get-rich quick schemes that don't work? Frustrated that your instant millionaire status didn't materialize? Wasting money on stuff (or books, courses, seminars, magazines, investments) that boost your credit card debt but have yet to pay off on their promise of fame and fortune?
Welcome to the real world of the not-so rich. Yes, it can be discouraging for many when you're unable to keep up with the Brangelinas, Buffets, and super-rich hedge fund managers. While our world is throwing a huge party, you have yet to get invited. What to do?
I have a new approach and a budget-like system you will find helpful. Using it once may be all you need to change years of old spending habits that get you into debt. It worked for me. I'll share those ideas here as well as comment on current practices in personal financial planning... what works and what doesn't. And what is pure fantasy for more than 50% of us, like saving 10% of your income.
I'll also wade into the debate about how the future will need a different set of rules and timely innovations (lifestyle planning) to meet the real-world of global warming, demographics, globalization, technology, business, social and family structures. That they all will change is a certainty.
My context for all of this; your spending. That's it.
Spending is the one manageable key to most of the problems of the not-so rich. Saving more, paying zero taxes, and improving your returns on investments are NOT the answer when you can't control your spending and habitually waste your income on stuff that fails to provide the realization of your dream and aspirations.
I'll zero in on the news of the day to make my points as well as share practical ideas from my book, SAVING Is for Suckers...Unless You're Spending On Purpose.
Available at http://www.billmackay.net/
I invite your comments.
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