Financial Freedom with Unwavering Principles
As many of our readers know, when we finally started to correct our financial mistakes, we decided our ultimate life goals were to travel and save for retirement. That decision or that clarity came about nine years ago. We are happy to say that they are still our goals. Apparently, our long, introspective discussions worked.
A recent University of Michigan study suggests that the percentage of U.S. families who own stocks dropped from 30 percent in 2001 to 18 percent in 2011. Preliminary 2013 studies suggest the percent ownership is now 16. Further research suggests that participants who drop out of the market typically do so because of financial distress, frequently increased in recessions.
When growing up, we thought crushing cans was fun. We're not sure why. Maybe it releases aggression from all that pre-pubescent angst, my Ritalin. Grade school is Washington meets Hollywood that causes pre-teens to bubble up inside like a concoction of Pop Rocks and Pepsi.