Could you come up with $2,000 in 30 days if you had to? As many as 40 percent of American families can’t, despite the improving economy. Among them is Neal Gabler, who is frequently broke despite his successful career as a writer. As part of a collaboration between The Atlantic and the PBS NewsHour, Judy Woodruff looks at why Gabler and so many other Americans are struggling with savings.
How much of what you would describe as your financial condition is due to decisions that Neal Gabler made, and how much of it is due to outside circumstances beyond your control?
NEAL GABLER: That’s a great question, and I want to take responsibility.
I don’t want to put everything off on these larger financial forces. I chose to become a writer. This is the most financially perilous profession that one can possibly imagine, except possibly being an actor.
I chose to live in New York City because I thought I needed to be close to magazines and publishers that I needed for my writing career. So I did that. And New York is expensive. I chose to have two children. Children are expensive.
I made the choice to send them to expensive colleges, so those were all choices that I made that had serious financial consequences, but, again, those choices were what I call life.
Why is it that we cannot live life and be financially free at the sametime?
If an emergency of $400 came up can you safely pay it?
What about savings? Have you even started to save? 36% of Americans have no savings AT ALL.
Now what if i told you that it doesn’t have to be this way? That you can have a nice savings and finally be on the road to financial freedom? What if I also told you that the Federal Government will fund it?
I mean the The 40/40/40 rule of life ! Is obviously not working.
And let’s face it nowadays you spend more time trying to survive than to live so i dare you to Click here and learn how you can create more time and have a financial future.