The big question among the middle class is; how do I recover from my financial losses post recession? I’ve done over 100 interviews in the media in the past 12 months on this topic, and the answer is important and obvious. Watch this short video I shot at FOX studios in Atlanta after appearing on FOX Business Network’s Varney & Co. Wall Street analysts Stuart Varney and Charles Payne pushed back on my theory, but once people wake up and realize they don’t have the money to retire they will have no choice.
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I think people would be wise to invest both their time and money in things that provide a residual income. Take tonight for example. Tune in to Starz network and watch MAGIC CITY at 9pm. That will help MY residual income.
The world at large puts many to sleep….or another way to say it is that the world overwhelms people to the point of numbness. As a result, the majority of people get lulled into “the norm”. And they think if they stay focused on what they always did, that everything will turn out just fine. That is crazy thinking!
This is where critical thinking has to be leveraged to stay awake, to keep focused, to consider new ideas, and to take action.
Hi Steve:
Great content and I’m already there with critical thinking even though home equity is important to me, as millions of others. But even though I’m in my late 60’s, I have no retirement plans for quite some time. I do, though, have plans for expansion of my company, using all my talents built up over a lifetime.
Love your books!
Margaret
Hi Steve,
From my vantage point here in Costa Rica I must say that it seems the time has come to look worldwide for opportunity. I saw your interview and liked the statement you made about the type of people Americans are and our underlying strength–we can’t change today’s playing field but we can learn to play the game by the new rules. I most recently had a client purchase a large farm and he is going to plant the tree called Melina. What a great project and payoff that will be for him–this is how I see people setting themselves and their families up for the future. I did buy a condo in Sarasota because the price was right. We have family and friends in the area and my wife has been interested for years in having a place there. BUT–as you point out, it is for my convenience NOT an investment. However–I have a gut feel that in 10 or 20 years I may be able to make a buck or two. The same old same old is not going to secure our futures!