A Liberated Consumer’s 3 Commandments for Never Going Broke Again!

3 Commandments A Liberated Consumer’s 3 Commandments for Never Going Broke Again!

Every financial Guru on the planet and in the blogosphere has methods for securing your financial future.  It usually starts with putting a $1000 dollars away for an emergency fund and then moves on to paying down debt.

After that, most tell you to move on to investing and well, you get the picture.  The one thing they never focus on is making money!  That’s right, before you can take any of their advice; you must be generating income so here are 3 laws from a liberated consumer for never going broke – and I did it twice:

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How Close Are You to Being Broke? Here’s a Hint; You’re Closer Than You Think!

Rainy Day Image How Close Are You to Being Broke? Here’s a Hint; You’re Closer Than You Think!

How’s your “rainy day” fund looking these days? If you just laughed at that question, you probably already know the answer to how close you are to being broke.

If you read the question and asked yourself, “what the hell is he talking about – rainy day fund?”, then you’re about to get rained on!

Not Your Father’s Rainy Day Fund

20 years ago the financial experts said you should have 3 to 6 months’ worth of expenses in reserves. Now the personal finance experts and guru’s say you should keep 6 to 9 months in reserves. I say that’s not nearly enough!

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Do You Have to Be Financially Inept to Go Broke?

recordnumbersgoingbroke 425x250 Do You Have to Be Financially Inept to Go Broke?

Why do I keep reading, especially during financial literacy month,  statements like this from respected journalist and personal finance experts all across the blogosphere; the next generation is growing up as financially inept as the last.

Does anyone really believe that every person over the last 2 decades of this “so called” financial literacy movement that have “crashed and burned” like I did were financially inept? Do you really think no Doctors or Lawyers, or Educators or PhD’s have filed for bankruptcy or had their homes foreclosed on over the last 2 decades?  Of course they have! And many were financially literate by any benchmark set by the financial literacy movement – and I know this first-hand!  Yet it still didn’t prevent them from going broke!

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