I gave a talk this morning at a Kiwanis Club that is very active with its youth group, K-Kids. The talk is entitled “How to Say ‘Yes.’ with Confidence when the Question Is ‘Can I Afford It?’” The aim of this talk is twofold;

1. to make the audience aware of the basic premise of the Debt Paradigm (You can have everthing you need and anything you want as long as you have enough credit), and
2. to – hopefully – change a few minds about that, and share some basic ideas about how to deal with the money that flows through their lives.

The most basic fallacy of the Debt Paradigm is this: when you purchase something with credit it’s like the snake eating its own tail,

• ~ you are spending money you don’t have,
• ~ enslaving yourself to a lender and, worse,
• ~ you are paying interest on the money you have not yet earned, devaluing your future earnings and putting yourself at great peril.

Just a few years ago the people who offered this approach to lending hung out on street corners and in bars, were called “loan sharks,” used crow bars and ball bats to enforce the terms on their loans, and what they did was illegal in all 50 states. Today, it is common practice among banks and finance companies, Wall Street’s pirates and the local “payday loan” storefronts. It’s common practice because our not-so-smart congress rewrote the law to allow it, and because it’s profitable for the Behemoths who lobbied for such a law. It is not profitable for you; it is counter-profitable. Instead of ball bats there are bill collectors and bankruptcy.

Discover how to avoid the dungeon of debt that this approach to money creates in Money for Life…in good times and bad – www.TheMoneyForLifeBook.com - and, if you are  like some of the Kiwanis members who approached me after the talk who already practice this method, give a copy of this book to your children, grandchildren, friends and neighbors. You’ll be their hero just as the Kiwanis members are heroes to their K-Kids.

The Fouth Pillar of every successful financial structure is creating a legacy of your wealth and wisdom. The Kiwanis does this through their K-Kids program. How are you doing it? Try this www.TheMoneyForLifeBook.com

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