Emotions
A report I just read from the news media said that investors' behaviors have been analyzed over a period of the last 30 years. The report shows that in fact their emotions cause them to get out of the market, just when the market took its biggest gain. So, if you had a game plan as to when to invest, how long to invest, and when to get out, and you executed it without any emotions, you would have made twice as much money as people who just run on emotions. So, as we teach in Money Mastery, "Money Is Emotional". Get your emotions under control by learning correct principles. Get a game plan, stick to it, and make twice as much money.
Savings A Bust For Boomers
Savings rate is now a negative 1% according to Commerce Dept. This is the lowest since 1934, when during the Depression as many as one in four were out of work. They were exhausting savings in order to pay for rent and buy food. However in this day, we are spending all of our money and even more than we make in order to have what we want without restraint. The Depression generation is fast becoming non-existent, and the lessons learned during that economic hardship long gone. Now the Boomers are coming to retirement age but do not have enough money to retire. What will happen? I think you know that history repeats itself over and over.