Find The Key To Unlock Your Golden Handcuffs.

Reading statistics makes you really wonder what drives people to get out of bed in the morning.  I recently read that 80% of all Americans are unhappy in their job.  If this is true, why are they there? It is a free country isn't it?  I also read that 95% of all Americans that hit retirement age this year will not have any savings to speak of and will depend on retirements and social security to survive, not live.

The more I talk to people about these two issues the more I find out how many people feel restrained by “golden handcuffs”.  A friend of mine uses this term for his employees.  He pays them well for the industry he is in and then he works them to the bone.  He knows they won't quit because no one else will pay them what he is paying them.


It turns out two factors put on the golden handcuffs and lock them on people very tightly.  The first is the “e factor”.  Throughout life most people take the easy way out.  It is why many Americans are obese and broke.  It is easier to swing by the doughnut shop and use a credit card to buy kolaches then  it is to add a couple of apples to the grocery basket and eat apples at home.

The second factor is the lifestyle adjustment factor.  Instead of saving a little more with each pay raise, most people increase their spending to match their income.  They spend the rest of their lives wondering how other people “get rich”.

Let me tell you about two secrets that will help you slip out of your golden handcuffs and get rich.  The first secret is compounding interest.  Albert Einstein once called it the most powerful force in the universe.  The second is savings adjustment instead of lifestyle adjustment, meaning that your next pay raise is used to increase your savings, not your spending.

If you can't afford to quit your job to focus on finding a better one or starting a business, you are wearing some pretty strong golden handcuffs.  What happens if your company downsizes and you are let go?  Unemployment isn't going to be enough and it shouldn't be.  We can all do better than that.

The first step is to adjust your lifestyle to live within your means.  You might only save 1% this month, and 2% next month, but once you hit 10% you will start to see the money in your accounts grow.  When this happens you have power.  You have the power to make more money, the power to quit and find a better job and most importantly the power to make your money work for you.

They say it takes money to make money, so why aren't you saving money to make money and stop working?  The very first step on the road to success is finding a path that leads you to the key that unlocks those golden handcuffs.  The easiest and most reliable path to the key that unlocks those golden handcuffs is the path that adjusts your lifestyle now so you can save money and live much better later.

Start building your financial power today.  Skip the latte, eat the apple, quit smoking, whatever it takes to put away just 1% of your next paycheck.  Then do it again until you can put away 2% on the second paycheck.  If you can adjust just 1% per paycheck, in 10 paychecks you will be saving 10%.  When you are saving 10% of every paycheck and you watch the money grow, you feel better and begin to gain power that you have control over.

Don't wait, compounding interest can't go to work for you until you start saving, so start saving today.