There are so many things you can be worried about these days. If you have managed to stay among the roles of the employed, then you probably still find that your money does not stretch as far as it needs to.
The Gallup poll organization has recently produced a new piece, detailed on CreditCards.com, that details the eight greatest financial fears.
In the paragraphs that follow, you will not only learn what these nagging fears are, but you will learn how you can overcome them through a newsletter entitled Financial Sovereignty.
Number 1: Worst Financial Fear ? Having Insufficient Money For Retirement 66%
With two out of three people seriously worried about this, hands down the worst financial fear these days is that you will not have enough money for retirement. This is not an idle fear that 66% of people like you suffer from, as financial advisers will quickly point out that in fact the majority of Americans at or near retirement age really do not have enough money put aside to last them through the average life expectancy age of 78.
You could simply resign yourself to the fact that if you are in this broad category of people, then you will simply have to work at least part time until the day that you die. The newsletter Financial Sovereignty has a better suggestion. Rather than live in fear that you will never retire, you can learn what weekly news is moving the markets so that you may invest more prudently than the fallacious yet widely held concept of simply buy something and hold it indefinitely.
In other words, with this newsletter, you will come to understand the trends that will impact the investments that you must make in order to grow your capital for retirement sufficiently to enjoy your golden years until they end.
Number 2: Worst Financial Fear ? Unable to Pay Medical Bills for Traumatic Accident or Major Sickness 60%
A close second in the list of eight worst financial fears is that you will not be able to pay any medical bills that arise as a result of a major sickness or traumatic accident. This is a particularly real fear for those of you who are among the fifty million people without health insurance. In fact, many Americans say that they are only a single significant illness away from financial ruin.
Financial Sovereignty is a newsletter that addresses many different aspects of economics and finance. Among the topics that it promises to cover are such novel concepts as Health Savings Accounts, which allow you to pair disaster health insurance that contains high deducible provisions with a savings account which you are allowed to contribute to before taxes are taken out of the money. This practical yet little known and understood vehicle could be just what the doctor ordered for your lack of health insurance coverage.
Number 3: Worst Financial Fear ? Inability to Maintain their Accustomed Standard of Living 58%
It may surprise you to learn that more than half of Gallup Poll survey respondents claim that their worst financial fear is an inability to simply hold on to the standard of living that they have grown accustomed to enjoy. With salaries and hours cut at countless firms over the past five years, it is easy to understand how you could arrive at this dismal conclusion.
When you read this Financial Sovereignty Newsletter regularly, you will learn that there is an answer to this understandable yet debilitating fear. This is that you must invest with the end goal to obtain a consistent investment income stream. Such income will help to supplement your regular work income when times are tough.
Number 4: Worst Financial Fear ? Unable to Pay Healthcare Costs for Regular Health Expenses 48%
With one out of every six Americans completely uninsured, it should not come as a surprise that almost half find their greatest fear to be that they can not even cover their regular health care costs. Health care cost increases have outpaced inflation by anywhere from two to three times each year for decades now.
This means that visits to the general doctor can easily run you $100, while specialists can be even hundreds of dollars per visit. Financial sovereignty has other solutions for this dilemma besides Health Savings Accounts. It will teach you the best ways to make your savings work harder for you so that you can cover even these unexpected, yet critical, expenses.
Number 5 Worst Financial Fear ? Unable to Pay Typical Monthly Bills 43%
If your job is in jeopardy, or your salary has been reduced, then you may be with the significant 43% who say they are most afraid that they will be unable to pay their routine monthly bills. This is nothing to laugh at, if you are in this boat. Financial Sovereignty will address practical means whereby you can learn to make your spending habits more personally efficient and economically sustainable.
Number 6: Worst Financial Fear ? Lack of Money to Cover the Cost of Children in College 41%
If you have children of any age, then you will understand why 41% of people say they are most worried that they will not be able to afford the cost of their children?s college education. Colleges easily cost in excess of twenty thousand dollars per year at many institutions these days. When you routinely read your weekly Financial Sovereignty Newsletter, then you will come to understand that with proper planning and saving tools, you can get ahead of the ruinous cost curve of college education bills through such concepts as state college savings plans.
Number 7 Worst Financial Fear ? Unable to Pay Mortgage or Rent 36%
Over a third of Gallup Poll survey respondents claimed that they most fear they will not be able to meet their monthly rent or mortgage payments and so will end up in foreclosure or on the street. So many millions of properties are in foreclosure now that this is no longer a paranoid or irrational financial fear. Yet readers of Financial Sovereignty will learn whether it makes more sense to buy or rent from an economic and investment point of view, as well as how they can put such a property to work for themselves over the long term.
Number 8 Worst Financial Fear ? Unable to Cover Minimum Payments on Credit Card Bills 24%
Practically a quarter of you harbor the greatest fear that you will not even be able to meet your credit card bills? minimum monthly payments. This survey response does not ask if you will be able to repay your balances, but only if you will have the minimum monthly payment amounts over time. With Financial Sovereignty, you will learn about such topics as the most effective means to pay down your debt so that you will not have to live with this fear.
Legendary Depression and World War II era President Franklin D. Roosevelt once sagely claimed that we have nothing to fear but fear itself. The best antidote to rational and reasonable fears is knowledge. Knowledge is power to overcome your fears so that you can achieve your financial dreams both in the short and long term.
Financial Sovereignty will give you the knowledge that you require to help you to obtain sovereignty over all the key aspects of your finances, based on the real economic events that go on in the world around you every week.
Why should you live in financial fear when the answers are but a newsletter away? Read more here?
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Source: http://www.wealthbuildingcourse.com/financial-sovereignty-solves-worst-financial-fears.html
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