Get your fi­nances into shape

Serve Daily - - FOSTERING GROWTH - By Joshua Smith

Let’s face it, we live in a world that re­quires money. In to­day’s day and age, though, it is very easy for it to be­come the mas­ter, as op­posed to the tool that it should be. Just look at th­ese as­tound­ing facts: - The av­er­age col­lege stu­dent has over $20,000 in con­sumer debt by the time he grad­u­ates (that doesn’t in­clude stu­dent loans).

- There are 178.6 mil­lion credit cards in Amer­ica, each hav­ing an av­er­age bal­ance of $16,000 with an av­er­age in­ter­est of 12.36 per­cent com­pound­ing daily.

- In the 2007-2008 bub­ble, mil­lions of peo­ple filed bank­ruptcy and oth­ers lost up to half the value of their homes.

- To­day the av­er­age house has just 29 per­cent eq­uity. Com­pare this to the 1950s, which had 80 per­cent eq­uity.

- Busi­ness Week an­nounced that Amer­ica has $3.2 TRIL­LION in con­sumer debt (not in­clud­ing mort­gages!).

With th­ese kinds of statis­tics it’s no won­der that the lack of money is one of the top rea­sons for both sui­cide and di­vorce. How­ever, if you choose, you can be­come money’s mas­ter and let it work for you. Ac­cord­ing to Forbes mag­a­zine, the 400 rich­est peo­ple said their num­ber one strat­egy for wealth was to get out of debt early.

Dur­ing an ad­dress to col­lege stu­dents, War­ren Buf­fet made some sug­ges­tions for suc­cess: - Avoid all credit card debt. - In­vest in your­self be­cause you are your most valu­able as­set.

We in­vite you to a free in­tro­duc­tion to our Fi­nan­cial Fit­ness pro­gram so you can be on your way to mas­ter­ing your fi­nances! This pro­gram is un­like any­thing else out there. It is com­pre­hen­sive enough for any­one to un­der­stand, yet solid enough for CPAs to ac­tu­ally earn CPE cred­its from it.

Send an email to fi­nan­cial­ly­ for in­for­ma­tion about our Springville in­tro­duc­tion. Seat­ing is limited. Re­mem­ber, bet­ter in­for­ma­tion equals bet­ter think­ing and bet­ter re­sults. Be free from the Ma­trix!

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