Myth: Only The Rich Have A Financial Plan

When we were children and really not knowing anything about financial planning, we would sometimes hear our parents and their friends talking finance.  It seemed there was never enough money.  My dad would always say that he didn't have any money, but we always seemed to be doing better than most.  This confused me until my later years.

Having a "Financial Plan" is something that rich people have.  Why would a person that is rich have a financial plan. Well most rich people were not born rich and they had to set a budget for themselves and sacrifice until their money was able to make money for them.

The one thing that most rich people have in common is they didn't owe anyone money.  You set your budget and you stick to it.  It takes careful planning, but it can be done.  Only 31% of financial decision makers in families say they have created a comprehensive financial plan either on their own or with professional help, according to the 2012 Household Financial Planning Survey conducted by the Certified Financial Planner Board of Standards. The Board defines a comprehensive financial plan as one that covers savings and investments; planning for retirement, education, emergencies, major purchases, and other financial goals; and insurance needs.

But few people have plans in place to cover even a part of their finances: The same study showed only 35% of people have a plan to save for emergencies. And only two-thirds have a plan to meet any of six savings goals, such as for emergencies, retirement, a child's education or a down payment on a house. (MSN Finacial)

If you are in debt and feel that it is too late for you then you could not be more wrong.  You first need to find a way to get out of debt and some people use a second job, but why take on a second boss when you can be that second boss.  Join a great team that will show you the way to get rid of debt in your life and help you to dominate your "Financial Plan".  Once you join us on the War on Debt, we will send you Dave Ramsey's "The Total Money Makeover" for free.  This book has the perfect plan for you to become debt free.  We do this for all of our members and I can't wait to buy your book for you.