Can you believe this?!
As reported by Steve McDonald of the Oxford Club, a recent survey found that 40% of U.S. citizens consider winning the lottery as a viable alternative to saving and investing for retirement! Even more extraordinary – 60% of millennials in the survey believe it!
Of course, winning the lottery is about 1 in 300 million odds, but many of the people surveyed believed that this was easier than being able to save enough for retirement.
It has been found that approximately 1/3 of baby boomers by age 58 have NOTHING saved for retirement. They plan on living on Social Security.
I’m not sure how anyone can help people who think like that out of their delusion. What I do know is that most people have a way to take control of their financial future by assuming some responsibility and putting forth some effort.
One option is putting some of their money in an asset class they actually fully own and control – and crypto assets fits the bill.
It’s just as important for those who already save and invest. Guess who will shoulder the burden of all those who rely on the government to be their safety net? You got it – it will be YOU and ME. Thus it will be even more requisite for you to make sure your financial future is secure.
As the financial guru James Altucher stated so eloquently, “Money won’t solve all your problems, but it will solve your money problems.”
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