social security Archives - The Naked Hippies Way

Social Security is going to fail.

We’ve been dancing around this issue for years, not wanting to believe it will happen, hoping it was just all a conspiracy theory but in this recent report, Simon Black gives the grim news.

Black writes:

Social Security’s various trust funds currently hold about $2.7 trillion in total assets; yet the government itself estimates the program’s liabilities to exceed $40 trillion.

In the 2015 report of the Social Security and Medicare Board of Trustees they state very plainly:

“Social Security as a whole as well as Medicare cannot sustain projected long-run program costs…”, and that the government should be “giving the public adequate time to prepare.”

Time to prepare? What does that mean for you and your family?

Pretty much, it’s time to take control of your future.

It doesn’t matter if you are twenty, thirty or sixty … Social Security should not be your plan for financial support when you retire.

The average monthly benefit for someone who starts taking Social Security at age 62 in 2014 is roughly $1,992 — not even enough to keep them above the federal poverty line.
[full article here]

It was never designed to be a main income source, but according to the U.S. Social Security Administration, nearly one in five married retirees and one in two unmarried retirees say they rely on Social Security for the bulk of their income.

It is definitely time to do something to protect your future.

But what?

Create your own streams of income that are not dependent on the government or job security or 401ks or pensions.

We call that entrepreneurship.

Becoming your own boss. Creating your own income.

It’s never too late or never too early to start.

Must Read

25 Percent of Americans Have No Net Worth

How to Be An Entrepreneur late in Life and Why You Should

Why Most People Die Young

Over 50? According to the Kauffman Foundation’s Index of Entrepreneurial Activity, 23.4 percent of entrepreneurs are between the ages of 55 and 64, up from 18.7 percent a decade earlier. [full story here]

In your thirty/forty something years? According to the recently released Global Entrepreneurship Monitor’s 2013 United States Report, the best time to become an entrepreneur is between 35-44. [full story here]

In your twenties? Hold on, this will motivate you. Some of the most successful entrepreneurs started in their 20s:

Founders of Google Sergey Brin (25) & Larry Page (25)
Founders of Apple Steve Jobs (21) & Steve Wozniak (26)
Founders of Microsoft: Bill Gates (20) & Paul Allen (22)
Founder of Facebook: Mark Zuckerberg (20)
Founder of Wal-Mart: Sam Walton (26)
[full story here]

No matter your age, just do it.

Forget what’s happening with Social Security. That’s a done deal, it’s going to fail.

Instead, step into your greatness and create, design, innovate and build a business to fund all that you desire in life.

Here’s a great way to get started now:

Social-Security — It’s the only way to protect you and your family’s future.

Whatever you dream of doing when you retire … do it now. Life is too short to wait.

Trisha
c: 573-881-6715
f: Are we connected on Facebook?

The Middle Class can’t afford vacations …

or new cars (As of 2013, new cars are priced at $32,086)

or dental work (nearly one in four adults between the ages of 20 and 64 have untreated dental caries (like cavities or infections)

or health care (66% of households say they’ve had to choose between paying for food and paying for medical care)

to pay off debt (Our debt is growing faster than our income, and many middle class workers have trouble staying afloat)

or emergency savings (Most members of the middle class don’t have at least six months of emergency savings)

or retirement savings (Nearly half of those who don’t save for retirement say it’s because they simply don’t have the money)

Read the full article “7 Things The Middle Class Can’t Afford Anymore.”

As far as retirement savings goes … if you’re 47 or younger, you can kiss Social Security goodbye. The only way forward is to invest in yourself, particularly in your business and financial education. Make plans based on the assumption that Social Security doesn’t exist. -Simon Black

Read Simon Black’s full article here.

If you look at the promises the federal government has made with Social Security, Medicare, Medicaid—the current value of those promises is $124T. It is unreasonable to make these promises. It’s insane. If you took the collective value of every privately owned asset in the country, it comes to $99T. The government has not only promised more money than it’s ever going to have, it has promised more money than we all collectively have. Or consider this nonsense: Americans hold $1T in student loans! Are you kidding me? Does it make sense to anybody to spend $75,000 to become a dental hygienist? It has become the Fed’s job to make this huge lie—the idea that we can borrow and spend our way to prosperity—the truth. –Porter Stansberry

The middle class, the working class … the ones who got screwed.

John Lennon gave us the clues and the warnings back in the seventies:

The Middle Class is tired of the bullshit. Tired of being screwed. Tired of not being able to afford necessities AND luxuries.

There’s a growing group of concerned citizens, Freedom & Liberty enthusiasts who’ve found a legitimate and legal loophole for building more Freedom and Liberty in their lives and you can learn about it by clicking here.

http://snip.ly/1tyy — Get this free ebook NOW!

The information presented here might upset you, it might even make you feel desperation and hopelessness.

Don’t. There is a solution.

Get the book and discover how you can gain back your freedom, how you can protect your family.

Download the book, the solutions here.

Here’s to your freedom!

Trisha

p: 573-881-6715
F: Find me on Facebook

P.S. Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that ever has. – Margaret Mead