The New Awakening!

The New Awakening! – by Etieno Etuk, MBA(Finance)

Rude Awakening

According to recent surveys, North Americans are facing serious financial challenges. That is why this year’s electoral process is of grave concern to millions of US citizens at home and abroad. This concern is valid because if the right people are not voted into office, there could be a catastrophic shift in the gap between the rich and the poor. In Canada, about 35% of Canadians do not have any savings or investments. Roughly 27 percent of private sector workers have any employer-funded pension plan. The average savings in Registered Retirement Savings Plans(RRSP) is roughly about $55,000. Wow! Now, the US picture is even gloomier.

Most of us don’t wait to become a statistic to know that we’re in deep trouble. These problems are all around us. They happen to our own family and friends’ families. It’s ironic that we live in one of the wealthiest countries in the world, but we always have money problems. We can work hard all of our lives but retire poor. We do so much to raise our kids just to see them finish college with a lot of debt. Debt becomes a way of life. We buy insurance policies and stick them in a file cabinet. We contribute to our 401K and hope someone will take care of it or manage it for us. We all want to have a comfortable retirement, but few have a plan. We are active spenders but passive savers. There is a jungle of complex rules and regulations for the thousands of stocks, bonds, funds, savings plans, credit cards, and loans out there

My goal is to explain finance as how a friend would talk to another friend. I don’t intend to get into a lot of detail but rather, I prefer to be more focused on the fundamentals of how money works. The best I can hope for is to get your attention ad interest into financial matters and for you to obtain some basics of how money works.

**Remember: There is nobody more interested in your financial future than you are, definitely not the government or your employer. it’s your responsibility to learn the simple rules of how money works. Understanding how money works is part of taking care of your family. You can do it. You can control your future!***

If you have a deep desire to understand very simply how money works, and how you can make it work for you, type your questions in the comments section and  I shall do my best to answer all of them and point you to free tools & resources that can help you begin the process of building your retirement.

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Etieno Etuk’s Network Marketing Blog

Skype: donnylem

Email: donnylem@gmail.com

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“I Teach You the Mindset & Marketing Strategies to Make A Lot More Money and Follow Your Dreams!”

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