Do your ENDS meets!

Sometimes I wonder why we like pain so much when it comes to finances. Did you know that in United States, the average family has more that $10,000 in credit card debt. That figure does not include car loans, student loans or personal loans. Did you know that 3-1o people have never sat down with anyone to figure out what they will need to retire. So I ask the question, do your ENDS meet. You are probably wondering what I mean by that. Do you run out of money before you run out of month, if you do, then your ENDS don't meet. What do you do to fix it? First your just like a business, either you have a revenue problem or you have a spending problem. Don't worry most people have both. If just have a spending problem that is easy to fix, if you can't pay cash for it you can't afford it. Pretty simple is it not. Second, admit that you have a problem and work to solve it. Not sure who to turn too, You can watch Dave Ramsey on Fox Business and check out his website, You can read Suzy Orman books. Those are good options to help you with your financial picture. If you have too much debt and no savings you will have a hard time retiring. If your money is a bank, I suggest that you move it to where it will grow. The only guarantees at your bank is that it is guaranteed to loose money over time. Most people are never taught the rule of 72, and it says that if you want to know how long it takes for a lump sum of money to double, divide your interest rate in the number 72 and that will give you an approximate time in years. Example 72 divided by an interest rate of 4% it would double in 18 years. So you do the math banks pay savings accounts at a rate of about.75% or less. That's why it is important to start saving early in life. You want your money to double as many times as possible. Just invest wisely. Learn what your doing, this is one part of life where you don't want to be ignorant.