"...the wealth of the wicked is stored up for the righteous." Proverbs 13:22
The Social Security Administration announced Thursday that beneficiaries won't be getting an increase in their checks in 2010 - the first time that has happened since automatic adjustments began in 1975. They're blaming the recession.
Lots of people are angry, and they should be. Many of the recipients have worked like Hebrew slaves in heat, and paid into a system that is nickel-and-diming them to death. Some literally.
If the government, the banks, and these big corporations haven't taught us anything in the last two years, they have shown us that we must look out for ourselves when it comes to our financial future, short- and long-term. It's time out for playing small. It's time out for kicking back and letting life happen to us, instead of us taking action. Read my lips: The cavalry isn't coming. You've got to look out for the "YOU" Corporation. Some people say that's selfish and egocentric. But, if you don't look out for yourself, who will?
I'm tired of seeing folks who have given so much for this country, suffer the most when the government doesn't deliver on their promises. I'm tired of seeing hard-working Americans give their all to Fortune 500 companies for decades, and retire broke, and with no health insurance. I watched my mother flip couches, pull staples, and sew fabric for years as an upholsterer, only to become disabled at 50, with no health or life insurance and a measly social security check that didn't even cover basic living expenses.
We know there's money out there. If the government can spend $170 million on an Inauguration, and the city of L.A. can spend $1.4 million on Michael Jackson's funeral, then we need to be finding ways to get our piece of the pie...or the recipe. Now, I'm not suggesting we do anything illegal or unethical. What I am saying is that it's time to identify income streams that will sustain us into retirement and beyond (our children's children).
Since starting the journey, have you identified multiple income streams?