Why The US Is On Its Way To Becoming A 3rd World Country… & My New Office.

May 19, 2010 - 3:29 pm

US Economy Crisis | Economic Recession | US Recession


(This is a bit of a controversial topic so I want to go ahead & from the get-go mention that I don’t mean to offend anyone’s views in any shape or form.)

There’s really no question as to whether or not the US is in a financial crisis right now. But the picture is a LOT bigger than that.

Yes, the unemployment rate is at an all time high. Yes, taxes are going up. Yes, people are freaking out about how they’re going to actually retire.

BUT… we are in a much better situation that the grand majority of the world right now.

50% of the world population is living on $2 a DAY. 20% of the world population is living on only $1 a day. And we’re worried about how we’re going to pay our convenience bills when more than half the world is dying from starvation.

Here’s the cold & bitter truth… if we, as Americans, don’t stop the unnecessary spending, don’t start saving, & don’t start thinking about the WORLD as a whole… not only will we suffer greatly as citizens of the US, but so will the rest of the world population.

America is known to be one of the most powerful countries in the world, if not THE most powerful… and that’s almost by default. And I think that we’ve gotten so lax about the situation that we think we’re immune to the rules of how the economy at large works.

You may or may not have noticed this yet, but the way YOU handle your money has a tremendous impact on the rest of the world.

But the unfortunate fact is, more than 90% of the US population doesn’t know how money works. So how could you help the rest of the world financially when you’re trying to figure out how to get out of debt yourself?

So there are a few things that we need to fix about ourselves first and about the way we handle our money. Thankfully it’s not difficult at all to understand. There are some basic financial concepts that you need to learn & once you’ve gotten a firm understanding of them, you can very easily be your own “money manager”… and actually do a great job.

Over time, I will create more videos for you on this subject that will actually break down these financial principles so you know what I’m talking about.

But for now, all you need to do is choose which set of habits you’re going to act on.

If you don’t pay attention to what you’re spending, and you have no actual budget that you’re working from… then you’re basically “shooting in the dark”. And it’s a very dangerous position to be in especially when it comes down to your money.

You need to have a very clear understanding of where you’re money is being spent, and if you can live without it… if it’s NOT a necessity… you can afford to cut it out of your lifestyle. And whatever amount of money you were spending on that, you can put towards your savings and retirement fund.

Now, if you’re making $30,000 a month, then you are able to afford certain comfort items… but if you’re going from paycheck to paycheck, you really need to be careful how you play with your money.

And once you can control how you spend $2,000… you’ll run into opportunities where you can make more, so you can save more. The more you save, the more secure you are… the more secure you are, the more you can help others achieve that same goal.

If we all put our minds & hearts together, we can do some great things for the world. But in order to help the world, you have to help yourself first.

Stay tuned for future videos & articles on this subject.

Arman V.


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