Most investors and so-called professional advisors have little or no regard for the ramifications of what this insanity debt binge is leading to.

For about half of my 40-year career, I have stated that debt is the dirtiest of all 4-letter words, and a less is more lifestyle is the only way to go. Let’s just say that approach didn’t lead to an overrun of new clients and friends.
The greatest book ever written has not one positive verse in it on debt and numerous warnings:

“The rich rules over the poor, and the borrower is the slave of the lender.” Proverbs 22:7

Just ask your financial advisor you are entrusting with your finances to answer just two questions:

1 – The Congressional Budget office says our national debt will hit $50 trillion (just crossed $33 trillion) in less than 10 years. At just a 5% interest rate, the yearly interest payment will be $2.5 trillion a year. The US collected $5.03 trillion in federal revenues in 2022. How will the U.S. be able to pay about half of all revenue in interest payments alone, and still function as a government?

2 – It’s estimated that about two-thirds of all Americans (not counting the millions of illegal immigrants entering the country and will also likely end up with little or no savings when they reach an anticipated retiring age) are working paycheck to paycheck. Given the increased debt levels on all fronts, inflation, weak wage increases, etc., how will most American’s be able to reach the American dream of retirement seen in all financial services industry commericals?

If their answer is “nothing to be concern about”, my advice is simple:

Running Away GIFs |