@DaveRamsey is the way to go!
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This is called shock statistics. Only including savings account in metric. Lazy.
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You should have much more than 50k in savings/investments if you are middle aged or over. But very few people should have 50k in a straight up savings account.
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God having 20,000 + in savings is rare company and I thought I was doing horrible. Thats not counting pensions or stocks but Ive been through the massive credit debt of 20,000 + too...
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Why would you have that much in just a standard cash savings account that pays .000002% interest?
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When I was first married, we always had saved for an emergency, a minimum of 3 months mortgage, food & necessities. What happened to those responsible days? Don't today's parents instruct their kids anymore?
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and even if i had a chunk of savings over $50,000... i never expected the government to shut the entire economy down and make it so i MUST you said savings to survive... this is getting a little freaking irritating.
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Total is of 101%. How can you believe this when they can’t even add?
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I have shouted from the roof tops that people need to prepare for "bad times" but greed and fear have prevailed. Now, should I feel "survivors remorse" because I spent less than I made? If only they has listened instead of getting the newest iPhone....sigh.
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@DaveRamsey ’s Seven baby steps to financial freedom. Check it out people
pic.twitter.com/SlHmwOfV7Q
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