Is Your Money Broken

I am writing a new book entitled Stop Flushing Your Money Down the Drain. Following is an excerpt from the Introduction.

Too many smart people would rather let their finances happen to them in some haphazard fashion than take a proactive role in their economic destiny. When they want to buy something, they examine their checkbook balance, and if there is a sufficient amount, it quickly goes away. If the balance is not sufficient to complete the transaction they revert to Plan B: Pull out some plastic money. All of this happens with little regard for any other obligations or opportunities that might be looming in a money-hungry future. This is the type of practice that confines good people to a lifestyle in the proverbial “Poor House”.

Car dealers and home builders have always taken advantage of the fact that people do not fully understand how powerful knowledge can be, Developers know that buyers know how much pain it takes to come up with a thousand dollars so they structure down payments and monthly payments to seem affordable while they raise the purchase price to a level which many people do not fully understand. For example, if someone hears the home price is $168,000 or $178,000 they perceive those two numbers to be about the same. That is because they have never held either amount in their hand. So, they will pay either price, provided they can afford the down payment and the monthly payment.

The point of all this is we need to control our money or it will control us. Men and women who use their money wisely can become very wealthy, even if they hold down modest jobs for all of their productive years. This book is going to show you how to do that.

One person told me that the people who need this book the most are the ones who are least likely to read it. I suppose there is some truth to his point because a fair number of those people don’t read much of anything. Still others might believe that finances are mostly just a matter of common sense. They are also correct. But those are not reasons for me to abandon the project. There are so many more folks who need the information.

More to come.

I hope you will drop by my other Blog. It is mostly about Human Interest stories.