Are We Entering A New Era in Personal Financial Planning?

Americans are saving more and paying off their debts. Banks and financial institutions are holding trillions of dollars in reserve.  A penny saved is a penny earned, takes on new meaning.  The Wall Street gamblers raided the American people’s 401ks and other investments and we learned that deception enabled the transfer of wealth from “Main Street” to “Wall Street”.  If we transfer wealth from the top to the bottom, that’s bad.  If we transfer wealth from the bottom to the top that’s business.

Americans are learning that financial planning and planning for emergencies is the way of the future.  As we grow and we recover from the financial downturn we should not forget the lessons of the past.  You can’t get something from nothing.  If it sounds to good to be true it probably is. If someone wants you to invest in a sure thing remember that only the big guys make the kind of returns you see on TV. Oh yeah, you hear about the long-term investments and that’s a good thing.  But if you look at the number of people who actually invest in the market versus the number of people in this country who can invest, the numbers are dramatic.

I’ve got nothing against investing in the market. I’ve got something against people being led astray.  So people invest in the sure thing but only invest what you can stand to lose. Save for a rainy day.  In this Country it rains a lot, especially on Wall Street.


About managingemergencies

I am a professional consultant with 30 years of experience in managing emergencies. My background and skills gave me the foundation to start Systems Emergency Preparedness Consultants. If you need preparedness training or would like to have a preparedness discussion for your employees contact me via email at I held various positions in the Prince George's County Fire/EMS Department until I retired in 2007. As a emergency planner and trainer in the Prince George's County Office of Homeland Security I planned exercises and training for government agencies and citizens groups. I was appointed Fire Chief of the Prince George's County Fire/EMS Department in 2009. I started Systems Emergency Preparedness Consultants in June of that year. I had the opportunity to become the Assistant Fire Chief - Operations of the District of Columbia Fire/EMS Department and served for a year as the Interim Fire Chief. I am a trained mediator, mediator team leader and trainer. I also served as the Fire/EMS Department Equal Employment Opportunity Officer.
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