Living on the Financial Edge

One of my favorite financial blogs is The Simple Dollar. Its founder and contributing writer is Trent Hamm who just wrote an extended, terrific post he titles, Ten Steps To Turn Financial Disaster Into Financial Independence. I encourage you to check it out.

People Do Live on the Financial Edge

Trent Hamm portrait

Introducing his post, Trent points out some of the facts about financial life in America today. The statistics are not encouraging:

    76% of Americans are living paycheck to paycheck.
  • 50% of Americans have less than three months of living expenses in total savings.
  • 26% of Americans have no savings at all.

Looking at these facts he comments, “Most Americans are walking a dangerous tightrope. A single injury, a single job loss, a single unexpected child, a single automobile accident could very easily unravel their life, causing them to lose their homes, their automobiles, and leave them unable to even get the simplest of loans.”

Living on the Edge Kills Peace of Mind

Only those who are oblivious to the realities of our economic conditions today, or have let feelings of being unable to change things anyway, refuse to face the implications of these facts. But it is not necessary to let our fears prevent us from finding a better course for our future. There are steps we can take to make financial success possible.

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Financial Freedom in Half the Time

You’ve all heard the competing insurance commercials. In one you can save 15% in 15 minutes; in the other you can save more in half the time.

Remember Suzie Orman’s book titled, Nine Steps to Financial Freedom. Well guess what? Now you can achieve your financial independence goal in half the steps! How? By following the plan in my new guide, Five Steps to Financial Freedom.

With Apologies to Suzie Orman

Suzie Orman book - 9 Steps

What’s up Suzie? Why make people go through nine steps when they could achieve the same thing in just five?

Naturally I am having some fun with the titles. Suzie’s book is great and I can recommend it. It has gone through at least four editions and sold over 3 million copies which tells you something of how well received it has been.

In her book Suzie cover 9 basic principles that will affect your chances of success. For example, one is Trusting Yourself More than You Trust Others. This is a very important principle as are all the others.

When you get a chance you might want to read it. It is a classic.

The Five Steps to Financial Freedom

On the other hand, my five steps are an introduction to the five practical steps that are involved in getting the job done. It is not a book but a concise eight page description of exactly what you need to do to achieve financial independence.

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