| When you go on vacations, do you just leave | | | | are not capable of maintaining their standard of |
| your home one day and see how far you can | | | | living once they retire. |
| go? | | | | Analyzing all the reasons for this alarming situation |
| Probably not. | | | | goes beyond the scope of this article, but one of |
| Most probably you'll plan beforehand how many | | | | the main problems is lack of planning. Most people |
| days you'll leave, where you will go, what you | | | | just don't plan for their future as well as they |
| have to take along and how much money you'll | | | | should. |
| need. | | | | Back to our vacations. If you have ever planned |
| Strangely enough, while most people would find it | | | | a vacation, even if it was just a two day |
| absurd not to plan their vacations well, they hardly | | | | weekend camp by the lake, it wasn't a difficult |
| plan for a much more important journey, that of | | | | task, was it? You estimated your budget, planned |
| our short stay on this earth: our life. | | | | the transportation and the food and then you sat |
| Most people live from paycheck to paycheck. | | | | back and enjoyed the experience. |
| Their goal is trying to keep the bills paid and | | | | Planning for your life should be just like that too. |
| getting as much out of life as they can in the | | | | The problem is that most of us don't have the |
| meanwhile. | | | | adequate financial education to manage our |
| Statistics show how poorly people prepare for | | | | money on the long term. Credit card debt levels |
| the future. Of every 100 Americans over 65 | | | | show that most adults cannot even budget for a |
| years of age, 36 are dead, 54 depend on the | | | | month. |
| government or on their relatives for support, 5 | | | | That is why it is more important than ever to |
| are still working because they have to, 4 are well | | | | acquire financial literacy. We have to learn to |
| off and only one is wealthy. | | | | exploit our God-given talents successfully, to |
| Only 5% have managed their finances well and | | | | manage our money well and to set financial goals |
| more than 50% are dependent on others for | | | | that will ensure our standard of living once we |
| support. | | | | retire. |
| Something is wrong. The vast majority of people | | | | |