So often we hear how hard it is in America to
retire with financial independence. We hear horror stories that
only a small percentage of our population has any money in
retirement and that most folks are poor in their later years. We
hear stories from those who attempt to sell us stuff that 50% of
us will be dead or broke at age 60. We hear this so much that many
have begun to accept this as fact. In fact it is part of a sales
technique used in MLM or Multi-Level Marketing.
Recently in a coffee shop a future teacher was
told that; “only 2% of the American population's retirees are
financially independent.”
Of course being a teacher and of some
intelligence she raised an eyebrow to that. And she said; “Quite
frankly I find that to be unfounded and erroneous."
The person who told her this was attempting to
sell her on joining a multi-level marketing Internet type
business. She asked what the true percentages really are and if
this information was false. Well it would depend how you define
financial independence really. But statistically things are not as
rosy as many think. Stay off the heavy use of credit cards and
respect your money of course. And watch out from scam artists who
prey on Teachers. For instance this today in the news:
http://abclocal.go.com/kgo/story?section=local&id=3821454
Issues
of Financial Independence