Myths about Saving
We are a nation of debtors. All the statistics over the past decade point to this. The savings rate is at an all-time low. At no point in our nation’s history have we saved less money. At the same time, we also have used credit to supplement our spending, pushing this to an all-time high. The result is lots of people in financial turmoil. Unfortunately, part of reversing this dilemma is to begin putting some money away each week. Consistent saving of money is a habit that needs to be bred in all individuals if they hope to achieve financial independence. Of course, when you challenge people with this, they immediately begin to throw out the excuses. Some of these excuses are so prevalent that the majority of society believes them.