‘Maybe all one can do is hope to end up with the right regrets.’
-Arthur Miller – Author and Play Write
If you lost your job tomorrow, how long would your saving last before you ran out of Money?
Consider these stats from a recent poll of a thousand people and see where you fit in to these statistics these stats may shed some light on the fact that you’re not alone:
- 23% I have no savings
- 19% A Month or less
- 11% Two Months
- 12% Three Months
- 3% Nine Months
- 9% A Year
- 4% Two Years
- 9% More Than Two Years
You may be saying. How can I improve the situation, so if you’re still working consider this suggestion of setting aside money each paycheck. If you’re living paycheck to paycheck and you’ve cut back all the discretionary spending, you can get a part time job to save or try to save more money in your 401k especially if your company matches your savings. You should consider starting a part-time business at home especially if you’re spending too much time away from home in your primary job. Use your entrepreneurial skills to earn extra monies to save. You may surprise yourself by starting your own business whereas; this approach may be successful enough to earn monies in your own business to walk away from your present JOB. If you are not aware, one out of six Americans that were in the working force and that have been downsized in corporations are starting home businesses. There are ground floor opportunities all around.
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