A question pops up on a public finance forum:
“I need to cut cable. What’s the best alternative?”
This one thread generated over 80 responses.
I didn’t know there were that many alternatives to the boob toob.
People responded with ideas like:
DVD player and generous friends
A la carte services like HBO Now
And so on.
Uncle Gluten’s response?
Why do I mention this?
While most financial ex-spurts are busy giving you ideas that are, more or less, iterations of the same idea…
… your old pal (and un-expert) Uncle Gluten is over here telling you to swim upstream.
Will it work?
Depends a lot on you and your drive to make it happen.
But I do know this: people who follow typical advice get typical results.
And those typical results are…
About $60,000 to $100,000 saved up by age 70.
Most Americans (incuding business owners and pretty much anyone self-employed) can’t put enough scratch together to pay for a $400 emergency.
As for long-term savings…
It’s completely off the radar…
Ask a typical senior how much they have in savings. They will likely tell you it’s about $100,000, give or take.
If the person is fortunate, they’ll have $250,000 or so.
That’ll last about 4-5 years in retirement…
That’s pretty awful (though understandable given what they were told for YEARS by the financial gew-roos).
My ways? Well, they’re not really *my* ways as much as they are a systematic organization of ways used by America’s most honest and successful businessmen.
I wish I could take credit for them…
But they come from the minds of men whose fortunes exceeded hundreds of billions of dollars…
Such is the way of my financial advice.
I stand on the shoulders of giants… and so can you (if you want).
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