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Missed Fortune – Don’t Wait to Create Your Brighter Future

Posted on | December 23, 2012

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Empowerment Requires Facing Facts

No one ever improved their situation by refusing to face the facts. This is especially true when it comes to what the next four years are likely to bring economically.

With the president’s reelection, there is little chance that our nation’s economic policies are going to change much. This means that spending will go on unabated, the national debt will continue to grow, and economic uncertainty will continue. It also means that the national budget cannot be balanced any time soon.

The IRS takes in roughly $2.5 trillion each year in tax revenues. One hundred percent of that amount is already allocated to pay the interest on the national debt and to provide for entitlement benefits like Social Security and Medicare. This leaves a shortfall of $1.3 trillion that will need to be borrowed in order to run the federal government.

One of the unpleasant facts that must be faced is that taxes are very likely to go higher as a result of this borrowing. But even these anticipated taxes increases will not make a dent in the deficit spending or the national debt.

A common attitude among our political leaders in Washington D.C. is that we’re just one good tax increase away from prosperity.

Business owners tend to take a different view of the matter. Those who were anticipating growing their businesses, creating new jobs, and hiring new employees have little incentive to do so if their reward to be taxed even more heavily. They are far more likely to hunker down and protect themselves, which means that unemployment will remain high for the foreseeable future.

But higher taxes are just one challenge we’re facing. Inflation is another factor to be dealt with as is continuing economic uncertainty.

Facing these facts squarely and seeing them for what they are allows us to consider what we’re doing right and what we could be doing better to take ownership of our future. This empowers us to chart a course of our choosing to a brighter, more secure future.

The Question We Must Ask Ourselves

The most important question that we can ask ourselves at this point is: Four years from now, what will have to have happened in my life for me to be happy with the progress I’ve made?

How we answer this question determines whether we have a vision for a brighter future. It’s shocking how few people actually have a vision of what their brighter future should look like. At this time, it appears that roughly half of America is looking to government to provide for their future security.

But there are many individuals who are anxious to take ownership of their future by learning to identify the roadblocks and barriers that would prevent them from achieving their goals. These are the folks that are willing to learn and apply the proper principles to make that brighter future a reality.

The primary dangers we face are higher taxes, rising inflation and continuing market volatility and economic uncertainty.

There are very specific and proven Missed Fortune strategies that address and overcome each of these dangers. They represent a meaningful transformation in how we take ownership of our brighter future. By putting these strategies to work, we can enjoy the peace of mind that comes from having liquid assets safely earning a predictable, and tax-free, rate of return. We will know the sense of calmness and assurance that come from refusing to simply follow the crowd.

In order to do this, we have to get in motion and take specific action steps instead of simply doing what we’ve always done.

For instance, people who leave their retirement money in a tax-deferred account like a 401(k) or IRA are going to experience a rude awakening when they start to access that money. Not only will they likely be dealing with higher tax rates than when they were working, but they’ll have few deductions to work with as well.

These are the folks who may find out too late that they have outlived their retirement nest egg.

You, on the other hand, have the perfect opportunity to take the steps now that will get your money growing tax-free and unaffected by market volatility.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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