Folks, we ALL need to do something when it comes to saving for tomorrow. Everyones situation is different. If you have kids in school, your most immediate concern would be to possess enough savings to finance their education well into the future, but how will you do it. The majority of employed people will find it difficult to achieve these objectives. Also, for each kid you have, you must have a separate savings account for them. It can get complex when you think about it. If youre single or divorced, then accomplishing these goals will be a challenge. If your goals are to save money for a down payment for the purchase of a house, you are looking at 20% minimum. The total dollar amount is subject to the overall cost of the home you want. If you desire a luxury home in the price range of $300,000 or higher, then youre looking at $60,000 minimum. Do you think you can save that amount within your desired time frame? Ask yourself these questions before embarking on your journey to long term savings, but in true reality, your best bet is to earn the maximum amount of money within a short term period. Whatever options you take, your journey will be a challenging one. Item #8 of this article should be of vital importance to you. You should seriously consider the advice given. Of course, you understand that if you dont do anything with your money, or engage in some sort of investment opportunity (excluding MLM, get rich quick schemes, flipping real estate), youre going to be in the same position five years from now as you are today, and that folks, is not being smart. I know many of you out there that are mattress savers saving for that down payment, and I can tell you, youre going down the wrong path to saving the right way. You must take a calculated risk in investing your money (excluding stocks and bonds), if you want to get ahead in life. Our BancoBond Program will resolve your issues in 5 years. It is by far the most popular investment program introduced to the investment community. It is a very simple and straight forward low risk high yield investment program tied in to the development projects of Rinetas International. The program is a creation of Richard David, CEO of Bancofino of New York, and CEO of Rinetas International. Find out more by contacting him at richard@bancofino. Make a difference in your lives today!
Posted on: Mon, 20 Oct 2014 16:10:45 +0000
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