Many Americans are finding themselves embarking into new, strange territory.
Maybe you have traveled this road before but somewhere along the way took a detour for a decade or so. Don’t feel too bad – the national savings average from 2001 to 2007 moved from 1.8% to 0.5%. That’s right – negative savings!
Over the last 18 months or so Americans have been re-energized to get back on the path to financial freedom by saving more than they have in the last several years. Blame it on looming job loss, potential pay cuts or the new rebirth of the required down payment but everyone is looking for ways to save a few more dollars each month.
As I talk to people every day, I find that it is really easy to start getting jazzed up to embark on the savings journey. It is easy to think of a goal that you want to save for, maybe it’s that new car, a down payment for a house, college or even just retirement. But when that first tall mountain in the path comes, it is really hard to push through.
I like to think I am a savings pilgrim.
Imagine starting your journey as a pilgrim at the Missouri river and trekking through Nebraska or Kansas where the path is incredibly flat – you started your savings plan putting away a few bucks per month building a nice balance. But then your journey eventually takes you to Colorado and the Rocky Mountains.
I like to think I am a savings pilgrim that will brave the rocky mountains.
On the other side of those mountains is freedom, an ocean of endless future. Over the past several years only a brave few have set out on the journey to reach financial freedom. Today is a great day to start your journey, team up with other savings pilgrims and push each other through the tallest mountains.
I would like to hear about your mountain top savings victory and what your financial freedom looks like. Contact me or leave a comment about your success!