5 Frequent Ways People Are Wasting Their Money

5 Ways You Are Forced Into Wasting Your Money

Are you fed up with working your tail off and never seeming to have enough money? Are you sick and tired of looking at your checking account balance and wondering where the heck everything goes so fast each month?

Well if you can answer “yes” to either of those questions above, I first off want you to know that you are not alone…there are literally tens of millions of people in the exact same boat as you. You should also know that the reason you are experiencing these money pains is really not your fault!

Our economy is a carefully designed system that’s meant to keep you spending your money constantly, that’s the only way that it grows! Now I don’t want you to mis-understand me here and think that I’m opposed to our economic system. As a matter of fact, I love our country and firmly believe in the capitalism.

What I can’t stand are the traps that the government, banks and Wall Street put in place to abuse our system and force you into wasting your hard earned money. So in this article we are going to identify five common areas that this happens and how you can take back control of these right away.

Here’s the five biggest places people are tricked into wasting their money:

  1. INTEREST! The average American is paying up to 34% of their after tax income straight to someone else…and getting nothing out of it! People are walking around like the financial living dead because interest drains the life out of their finances.*
  2. Fees! Bank fees, atm fees, even 401k’s are loaded up to 17 different hidden fees that suck money right out of your pocket without you knowing it.
  3. The Market; whether its stocks, mutual funds, or 401k and qualified plans; there’s nothing worse than seeing your hard earned money disappear into thin air.
  4. Cars. People used to be house poor, now they are car poor! Getting into long term car loans that lock you in for 5, 6 even 7 years cause a huge waste of money when people go to trade in cars and have balances on them. These balances are often in the thousands and get rolled over car after car.
  5. Tax Refunds! Most people love to get those big checks in the mail…but why give Uncle Sam your money for 12-14 months without making a dime! A $4000 tax refund could equate to a $333 per month you could be paying off credit cards, or putting money away for savings!

So how do you solve these problems?

Fortunately there is a very little known, 200 year old financial tool that the uber wealthy use (and you can too!) to take care of all of these issues. This is quite literally the only financial instrument that allows you to:

  1. Avoid paying bank and investment account fees!
  2. Get a guaranteed rate of return on your money – outside of stocks, bonds, and mutual funds!
  3. Finance your own major purchases (like a car) and have it completely paid off before you need to make another purchase!
  4. Pay less taxes!

“Nelson Nash, Becoming Your Own Banker, 2008”

Here’s how you find out more about this incredible financial tool – click here