American Finance

Personal Finance In America

• 80% of Americans Struggle Financially.

• 69% of Americans have less than a $1000 in a savings account.

• Only 4% of Americans attain financial success in their lifetime.

Financial Success Concept

• Financial Success is attained by generating enough CASHFLOW during our working years to support our lifestyle and simultaneously invest enough money to accumulate enough assets to generate our desired retirement income.

• Millions of Americans are not attaining personal financial success because they lose thousands of dollars annually to four obstacles.

Obstacles

• Lack of Financial Education - From shared family financial experiences, high school, and college. Not understanding inflation, taxes, debt, consumer spending, savings, and investing.

• Inflation - Millions of people's income does not grow as fast as the cost of living increases (inflation), which causes them to lose real income (buying power).

• Taxes - Ameircans lose over 33% of theire income to taxes.

• Debt - Interest payments on debt cost Americans thousands of dollars annually.

• Consumer Spending - The celebration of each holiday and sporting event in each month averages over $1,000 according to the National Retail Federation (NRF).

• Inadequate Savings & Investing - This is extremely damaging because it liberates people of opportunities to purchase homes, start businesses, build retirement, and create generational wealth. Additionally, this contributes to financially instability, especially when one unfortunate event, such as the loss of a home, transportation, job, and even family occurs.

Solutions

Most people need more CASHFLOW and better financial strategies. People can increase their CASHFLOW by implementing three strategies:

1. Income Shifting

   • Correcting Tax Withholding

   • Minimizing Taxes

   • Minimizing Debt

   • Minimizing Expenses

2. Business Income

   • Brick-and-Mortar Business

   • Home-Based Business

   • Subscription Business

   • Bait-and-Hook Business

   • Receive Business Tax Deductions

3. Passive Income Strategy

   • Earning income through drop shipping, sponsorship, creating and selling an application, e-book, video, or blog, stocks, affiliate marketing, renting out property.

   • Once you have increased your CASHFLOW, this money empowers you to accumulate assets which produce more passive income and financial success.

4. Multiple Streams of Income

• Necessary to build wealth.