Articles, Ebooks, and Tools for Real Estate Investing:

Home >> Investing

Breaking the Financial Trap; Part I

The Nature of the Problem

All over the world, the "safety net" our parents relied on - pensions, government support, and living wages that encouraged savings - has been quietly dismantled. There is no longer a social contract between employees and employers; the responsibility for providing for retirement has been almost completely shifted to the individual.

Meanwhile, the cost of getting older is escalating at an alarming rate. Our kids' college tuitions are going up as much as 20% a year or more. Our parents' medical and nursing care costs are skyrocketing. We're watching our healthcare systems implode before our very eyes.

And deep down inside, we know that the recent federal tax cuts are resulting in budget shortfalls at the local level, which will trigger tremendous tax increases later on, as vital services are eliminated and our bridges, roads, sewers, and other infrastructure crumble for lack of proper maintenance.

We cringe when we see yet another senior citizen handing us fries at the drive-through window, knowing they should be at home having meals served to them instead.

We cringe, because we know that someday soon, that could be us. We don't want to think about it, but deep down, we know that more and more people are simply destined to work until they die. And there's a quiet, rolling fear building in our guts.

In fact, according to the 2003 Retirement Confidence Survey, only 37% of American workers have even bothered to calculate how much money we'll need to save by the time we retire - much less formulated a plan for actually saving it.

Many of us gambled on the stock market - and lost. Our paychecks are stagnant; that is, if we haven't been laid off recently. The latest refinancing boom has left millions of us with little or no real equity in our homes, and forclosures are at an all-time high. (Take advantage of that fact here.)

So, for many of us, it's too late to just save our way out of this mess. If we want to "beat the system", and escape the trap with our financial lives, we're going to have to improve our credit and increase our incomes - quickly and dramatically. But is there a way to honestly, legally, and ethically do so?

  Next: A Bold Solution




The SkyVault Library is now open.

Articles | Books & Courses | Credit | Employment | Ezines | Financial Calculators
Financing | Forums | Grants | Investor Clubs | Internet Marketing Resources
RE Investing Resources | Newsletter Archive | Notes | Realtors
Search Engines
| Services | Tools | Travel | Starlinks Helping you create a wealth-based retirement by combining
hi-tech tools with time-tested real estate investing techniques.



Ebook Library

Wealth Forum

Investor Club

Web Marketing

Traffic Building

Resource Directory



Free Wealth

Report Cover - The SkyVault Update







<< Email This Page >>

Home Directory Do Deals Get Gear Web Design Forum Contact Us

©1998-2009 SkyVault Real Estate Group, LLC
5007-C Victory Blvd #118
Yorktown, VA 23693

Custom nameplates for your car
Get Customized Advertising Plates for Your Vehicle.
Advertise Your Business Wherever You Go!
Enter to Top 100 Real Estate Sites with Free Home Listings and Vote for this Site!!!