Archive for April, 2009

How Angry Are You?

Saturday, April 11th, 2009

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One of the most heavily reported economic stories of recent weeks was the widespread anger over bonuses paid to AIG executives. What isn’t making the news, but is probably far more significant, is a different type of anger that I am hearing from friends and clients.

Suppose, like most of my clients, you have worked hard all your life. You educated yourself and found a good job. You showed up daily and did everything you were asked and more. If you went into business, you took risks. You learned to live on less than you made and saved as much as you could.

It wasn’t easy. You went without some of the luxuries that others enjoyed. Instead, you plowed the extra back into your business or put the maximum into your IRA and 401(k) plans every year. You paid your debts and your taxes on time.

For years you have been responsible and “done the right thing.” Today, you are mostly debt free. Your retirement account has grown. You don’t consider yourself rich, but you are doing okay financially.

If this describes you, I have a hunch that you are mad as hell. And it’s no wonder. Continue reading on FinancialAwakenings.com