How to Become a Millionaire... During a Recession!!

50% of the world lives on two dollars a day.

20% of the world lives on a dollar a day.

Only 5% of the people who reach the retirement age of 65 are actually prepared to retire financially free. The rest are either still working, or in debt.

People in the US are spending way beyond their means, and the credit card lenders are in deep trouble because they gave out money that they knew they wouldn't get back.

Because of that, we are now in a recession. Everyone is going crazy because the rates are dropping and market performance is poor. But what most people don't realize is that the market is performing poorly because of what THEY'RE doing.

As a Financial Planner, I deal with a lot of people who are in terrible financial situations. I've noticed though, that the majority of them were facing the same problem. There are two different habitual patterns to look at when speaking about finances. One results in wealth, and the other results in poverty.

Try to figure out which pattern you are following:

A: Income + Saving + Investing = Wealth

B: Income + Borrowing + Spending Both = Debt = Poverty

It's that simple!! Unfortunately, 90% of the US population follows the second pattern. They don't realize that they're doing it. The TV, radio, and the ever growing sales force are constantly trying to sell us something. Since we're only human and we want for things, they take advantage of our emotions and sell us things that we don't need.

Unfortunately, many people aren't making the type of money to buy everything they want so they all get credit cards with insane interest rates and before they know it, they're in so much debt that they can't get out.

Unlike many sales people, I'm not going to try and sell you on yet another product that you don't need. I'm going to sell you on the idea of saving your money. Stop spending. Get yourself out of debt and make sure you stay out. If you're in too much debt, then find yourself an extra source of income and make sure that this new income is coming from your own part time business. That is the only way that your income can be secure.

So here's your homework. Concentrate on getting completely out of debt. Don't spend a penny on anything you want until you're completely out of debt. Once out of debt, take that same money you were putting on your debt payments and start saving. The rule of thumb is to save at least six months worth of your income in case you need it.

After you've accomplished that, start investing your money for a high rate of return. I read an article about two school teachers (they don't make the best income in the world) who didn't spend beyond their means and invested most of their income. One day, they got into a car accident and passed away. The money accumulated in their account was over $900 Million!!! You can do the same... I'd be more than happy to help you.