Thursday, October 9, 2008

Is YOUR 401(k) Getting KO’d?

The Dow Jones Industrial Average finished the day at 8,579! This is what's known as Time Travel for Investors…Unfortunately, your time machine is going in the wrong direction! Close to 5 and a half years of the blood, sweat and tears that you put into your 401(k) have disappeared! The DOW last finished this low on April 28, 2003 when it closed at 8,582! So what can you do when over five years of your retirement savings disappear?

We're told to keep putting that money away while the stock market tanks (On October 12, 2007 the DOW closed at 14,093 – Just a year later it's lost close to 40% of its value AND your money!

General Motors is trading at its 1958 stock price! Are $3,000 Chevy's next? I think not!!!

www.realestatelifestyle.com/myfuture

The great "financial guru's" out there are saying that you should keep on saving your money! Keep working hard…this will all blow over! Someday! In the meantime, banks are literally dropping like flies! (IndyMac, Washington Mutual, soon Wachovia, and 27 other banks in 2008 alone!) To put this in perspective only 10 banks had failed in the US between 2002 and 2007! Can the FDIC possibly handle all of this stress? Should you really keep your money there? I'm not!

Still the government says "trust me" we'll give you Social Security and Medicare…Seems that ain't happening either, since all the privatization plans were counting on the big Financial houses to invest the money for us! Well we all know how that story is going…

So what should you do? Will you ever be able to retire? The truth is that *everyone* is confused! That's why *everyone* is running scared! But you don't *have* to be like everyone else! Not if YOU learn some strategies that will allow you to control your financial future!

Head on over to www.realestatelifestyle.com/myfuture and find out how you can join Robert Kiyosaki, the author of the NY Times Bestselling Book, Rich Dad, Poor Dad for a weekend of strategy and skills that will allow you to change your personal financial destiny. I'll be there, too and I hope you'll join me!

Don't stick your head in the sand…take action before it's too late!

Best,


Jim Canale

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