Lesson 47 Reaching Your Goals

Personal Savings and Liabilities

If Social Security and your pensions aren’t enough to keep you afloat, then the rest has to be made up from your savings and investments. It’s no secret that Americans are not saving much. The only studies that showed that Americans were even close to on track with their retirement savings included the value of their homes as retirement assets. And although Americans thought that the value of their houses would only go straight up, it’s highly unlikely that we can all become independently wealthy by trading our houses with one another.

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