Posts Tagged AARP

Financial Confidence Ebbing for the General Population

Posted by Harley in Financial Education on October 26, 2009

Financial Confidence Ebbing for the General Population – That AARP survey called “A Closer Look” I’ve mentioned in the last two blog posts really only concerned itself with those ages 45-64.  The truth is that the financial confidence of the general population has really been knocked on their butt.  The fact is the Wall Street, political, and regulatory elites have really destroyed the trust and integrity so vital to the financial service industry.  Yet not one of them has gone to jail and instead have been the major recipients of the TARP money (our money). This corruption never stops.  If the general population is ever going to get their financial confidence back, they better become investment and money smart and get the financial education required to take control of their own finances.  If they can obtain the right financial education, they will be able to take advantage of this financial debacle and recession that is being prolonged (just like the 30’s) by foolish government stimulus programs.  Remember, more millionaires were created in the Great Depression than at any other time in the history of the United States.  And that same opportunity is existing right now again!  Will you be able to take advantage of it?

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“A Closer Look”

Posted by Harley in Financial Education on October 21, 2009

“A Closer Look” – That’s the name of the AARP survey I mentioned in my last blog post.  The problem is that survey was done over 8 months ago when the full effect of our prolonged financial debacle and recession had not been felt.  Now, the Wall Street economists are trying to tell us that the stimulus package is working and the recession is winding down.  Don’t believe them.  A sad historical fact is that most economists are always wrong in their projections.  Just like they were in the 30’s, this financial debacle if far from over.  Since Wall Street and major financial planning firms are only capable of making you money in an up market, it’s advisable that you obtain the necessary financial education to take control of your own finances so you can make money in an up, down or sideways market.  To learn how to educate yourself financially visit the Elite Wealth Plan Products and Services!

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Financial Worries Dog Older Workers

Posted by Harley in Financial Education on October 14, 2009

Financial Worries Dog Older Workers – It’s surprising how little press the results of a survey released on 9/29/09 by AARP received from the press.  According to AARP, ages 45-64 are one worried group faced with increasing job losses, retirement worries (not enough money) and continual difficulty in paying for basic items.  David Certner, Legislative Policy Director at AARP said, “Even before the economic downturn, the 45-64 population was a high anxiety group.  They were supposed to be preparing for their own retirement and they are worried about other generations, as well.”  This is just another sad example of how deficient our schools, universities and colleges have been in teaching a basic, hands-on practical financial education so that all people don’t fall prey to the high fees, conflicts of interest and self-dealing of big Wall Street firms and financial planning firms who make the public believe that financial planning is a very complicated process.

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