Debt Consolidation Credit Counseling In Phoenix

I am not a financial adviser but I did have investments that I saw vanishing before my very eyes, and it concerned me greatly. As a person with very little investment experience, I felt the need to search for satisfactory answers.

I always find it interesting that when you diligently look for something, the answer invariably appears, and so it was with my search. I was led to a book written by Robert T. Kiyosaki called Rich Dad's Prophecy. I had read Rich Dad Poor Dad a few times, but that was the only Robert Kiyosaki book I had ever read. I immediately purchased a copy and what I learned was one of the biggest eye openers I have ever experienced.

The cyclical nature of the market is well known. We expect it to go up, down and sideways. However, if we were to graph it out over many years, we would normally see an upward motion, with periodic small dips. These days it's quite a different picture. The graph is headed down on a very steep curve.

The first of the 75 million baby boomers in the U.S. are going to be turning age 70 by the year 2016. The U.S. has a law on the books that states that when a person reaches age 70 1/2 they have to take all their funds out of their 401k. The time to pay 'Uncle Sam' will have arrived. Just think for a moment what that is going to mean.

In the not too distant future, millions of people will be selling off the mutual funds and shares they have in their 401k because the Government has told them they have to. The Government has been waiting patiently to receive their tax dollars and now their day will have come. This is a major disaster waiting to happen. Undoubtedly, there will not be enough purchasers to offset the massive selloff during this period of time. It is possible that the U.S. Government could amend the law, allowing assets to stay in the 401k for a longer period of time, but then they would be delaying receiving their tax dollars.

Most people already know that they are in deep financial trouble, but they don't realize the full impact. They are still being told that as long as they diversify, they will be fine. They are being told to sit tight and ride out the storm! I believe we are wise to listen to Warren Buffet when he states.... "Diversification is a protection against ignorance. It makes very little sense for those that know what they are doing".

We still have a few years before 2016 is upon us, so there is still time to get a firm handle on your finances and make some intelligent decisions. Educate yourself on financial matters and take action now to accumulate additional funds to see you through to your retirement and beyond. The experts tell us that having a home-based business is the best way to do this. The prediction is that there are going to be millions of new millionaires created during the next 10 years. You can be one of them...there are many great opportunities out there....find the one that resonates with you and run with it.