Consumerist.com Article…Americans acquiring debt faster than retirement savings

http://consumerist.com/2013/10/24/americans-racking-up-debt-faster-than-we-save-for-retirement/

 

This article re-enforces the importance of our behaviors. Small, incremental changes, when consistently applied over time, make substantial results. Saving 10% instead of 5% , or saving to pay with cash instead of going into debt, choices such as these will determine whether you are able to retire at 50 or at 75, and what lifestyles will be available. To quote Dave Ramsey “Live like no one else, so that later on you can live like no one else.” Interesting article.

John C. started Action Economics in 2013 as a way to gain more knowledge on personal financial planning and to share that knowledge with others. Action Economics focuses on paying off the house, reducing taxes, and building wealth. John uses the free tool Personal Capital to track his net worth and posts quarterly updates on his finances. Check out the Action Economics archives section for all past posts.

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