I have been reading hundreds of posts on social media talking about the election and what it means for the United States. So like many of you, I decided to add my two cents.
We all know each side has their own opinions as to what will happen next. But the facts are simple and easy to understand. The United States BORROWS 40 cents of every dollar it spends. My eight your old can understand that it is an unsustainable situation. So what does that mean in simple, easy to understand language??? Regardless of who is in power, taxes must go up and spending must go down, and if your able to read this you know what that means.
The country has changed and will continue to change. For you to have a shot at financial success, you must understand that the way we earn, the way we save for retirement, and the way we spend, must change. I hate to say it, but the advice we got from our parents no longer works. In fact, it hasn’t worked for a long time. Go to school and get a job for a large company whom you can work for for 40 years and retire is dead and never coming back.
There is a reason why 50 plus percent of college students can’t find work. There is a reason what the average salary has dropped by close to $4,000 per year in the United States. There is a reason why you are 7 times more likely to become a millionare if you immigrate to this country vs. being born here.
Complaining about the other side will do NOTHING for you and is a complete waste of time and energy. I would suggest you take that time and use it to investigate how to financially prepare yourself for the new world economy.
I’m Mark Scuderi and I approve this message…