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A secure job until retirement Buy a house Pay it off as soon as you can Retire comfortably
Does that sound familiar to you? We know of course that our definitions have changed over last 40 years but lets look at how our grandparents lived and how we live today.
My wifeís parents are perfect examples of this. They bought their house in 1964 for $12,000 with a monthly payment of $100.00. Based on way they lived, for them a 30 year fixed mortgage was perfect.
Now, donít get too excited about that amount, it was quite a chunk of money back in 1964 and caused a few sleepless nights for new occupants.
Letís compare way they lived to way we live today.
Today, we change jobs 5, 6, 7 times or more. We move 4, 5, 6 times, or more. For many of us, we wonít have a pension and we have not really saved any money for our retirement. Oh, and one more thing, we have credit card debt up to our ears!
The world we live in today has dramatically changed and as such we need to realize that rules of money has changed with it as well. For an indepth reading on how rules of money have changed and what you can do about it, I suggest reading Douglas Andrews newly released book Missed Fortune 101 http://www.missedfortune-101.com .
In his book Andrews reveals ways banks, credit unions, and insurance companies amass tremendous wealth-what they do, and what they don't do. He shows readers how to seize financial opportunities they never knew existed.
Scott Johnson is a published author and speaker. He focuses his message on the incredible gift that is available to everyone to reach their full potential. He is also the owner of Direct Pay which offers the first prepaid debit Visa and MasterCard available globally. Associate Affiliate Program - http://www.directpaycash.com, Prepaid Visa Card - http://edebitcard.net