Poor Man Survival
Self Reliance tools for independent minded people…
A Digest of Urban Survival Resources
Investing in Yourself is the Best Way to Go!
Since 2009 the drearier edge to retirement is that more people realize they are unprepared financially to stop working. Shortsighted government policies and oversight which began with the Clinton administration [when he eliminated the 90-year-old safeguard of the Glass-Steagall Act, effectively turning Wall Street into a casino with your money] wiped out most stock portfolios, savings accounts and many Americans lost their jobs and homes as a result.
The Washington Post has called it “the new reality of old age” and quoted one 74-year-old man saying he will need to work until he dies. For those who have retired, a Fidelity study found that 55 percent are at risk of running out of money before their lives end. Think of this statistic—more than half of those surveyed aren’t prepared. Are you?
When the stock market was falling in 2008, I had friends and associates share with me they had lost tens or hundreds of thousands of dollars, and some even shared how many years of work they had lost. They wanted the losses to stop, and they were desperately looking for help.
In addition to the recession, several other factors contributed to their retirement woes. Most businesses no longer offer pensions, so retirees must rely more on their savings. People also need to rely more on Social Security, but Social Security replaces usually only 40 percent of a person’s pre-retirement earnings. In addition, the Social Security Administration has shared on its website that Social Security may end up paying just 75 cents on the dollar in 2033.
All of this raises the question: Is it even possible to retire in today’s economy?
If you haven’t gotten your tax return yet, it isn’t too late to do something responsible with it. Before making a reservation at the swankiest restaurant in town, consider making that money work for you and your financial future.
Here are a few ways to do it:
- Pay down debt This might feel like such a letdown, but: the faster you pay off debt, the quicker you can be on your way to investing or building your savings.
- Invest in yourself It’s easy to forget about personal development, but making it a priority will keep you sharp (and sane). Whether it’s developing your skills for work or taking a class for your favorite hobby, it’ll keep you growing.
- Use the 50/30/20 rule Never heard of it? You break down your income (or your tax return) as follows: 50% goes to “needs,” 30% is spent on “wants,” and 20% is saved. With this budgeting method, it’s an all-around win.
What about you? Got anything interesting to share?
Bruce, the Poor Man, free thinker, social critic & cynic
Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.
1300 Free Online Courses from Universities-Links to Other Free Courses
Rosefield is a classic traditional cabin, which can be built for less than $6,000. The cabin is open plan, which has the advantage of making it far easier, cheaper and quicker to build than more intricate cabins with separate rooms. This particular plan also includes a detailed cabin assembly diagram and step-by-step instructions which includes a foundation guide. [282sf’]
FOILING FRAUD RESOURCES:
IDTheftInfo.org: Offers steps you can take to secure your personal information and what to do if you’ve been the victim of identity theft.
FTC.gov: Whether you wish to report fraud or sign up for free fraud alerts, the Federal Trade Commission will steer you in the right direction.
Fraudwatchnetwork.com: Learn to outsmart fraudsters and scam artists from expert Doug Shadel.
Scamicide.com: Offers resources on avoiding ID theft and other scams.
Special Offer for our Readers
72-hour Emergency Meal kit that's being offered contains 16 total servings of such delicious meals as Blue Ribbon Creamy Chicken Rice, the always-loved Granny's Homestyle Potato Soup and the stick-to-your-ribs breakfast favorite Maple Grove Oatmeal.
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How to Survive the War on the Middle Class
14 of the best reports I’ve assembled on protecting your freedom-Download link.
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>>Want to improve your brain? Learn how here:
Nurturing neurons with green tea…Sipping two cups of green tea daily revs the flow of oxygen and nutrient-rich blood to your brain 25%, staving of brain aging, and boosts your focus, concentration and short-term memory 18% or more, say Mt. Sinai School researchers. The credit goes to an antioxidant in green tea, EGCG which is proven to also help keep your heart young.
You Have a 16-Cylinder Brain-Learn How to Use it & Re-Awaken the Genius Inside You!
I know everyone is short on time in this hectic world so I’ve kept this PDF short and to the point with links to expert how-to articles and guides including:
· How to Increase Your Intelligence
· 6 Step Brain Exercise Steve Jobs Used to Boost Creativity
· 6 Simple Habits to Boost Your Intelligence
· The Best Vitamins to Increase Brain Function
· How a Harvard Brain Specialist Keeps Her Brain Healthy
· A Review of the Top 10 Brain [Limitless] Pills
· How to Protect Your Cognitive Function
A Smoking Frog Feature, Shallow Planet Production