As you might imagine, I work with a lot of numbers in my capacity as Chief Investment Strategist, so I'm pretty jaded when it comes to using statistics to make a point. But, every once in a while I come across something that stops me in my tracks.
Like the following data from Bankrate on the state of the American Dream:
…6 in 10 Americans do not have enough savings to cover an unplanned $500 expenditure
…and of the 41% who do, a whopping 20% would put it on a credit card. Still another 20% would have to cut spending to pay it, and fully 11% would ask family and friends for help.
If you're tempted to dismiss this information, do so at your own risk.
More than 3 billion people are going to join the global "conversation" we're having about money within the next decade and that means huge profits will be made by those who have an approach that works.
My goal is to make sure you're one of 'em.