How many people do you know who never give any thought to money except to complain about the lack of it? Where does one learn about money management and the accumulation of wealth? The unfortunate reality is that unless you were blessed with parents who really understood the financial principles that work, you probably weren’t exposed to wealth building strategies.

How many of our readers took a course in high school or college called Wealth Building 101? We were taught math and maybe how to balance our checkbooks, but never were we taught how to get the money into our accounts in the first place. In today’s economy, the old system of get a college education, get a good job, work for 40 years and retire comfortably just isn’t working anymore.

See Beyond 2020 was founded to help people learn how not only to survive in today’s economy, but how to thrive in it. It doesn’t make sense to see so many families struggling to get by financially even with both spouses working outside the home. The secret of the wealthy is to only have good debt not bad debt.  Bad debt is debt that is not bringing in income for you and your family.

With our almost totally cashless society and dependence on credit, the #1 cause for financial lack is overspending. It seems so obvious that one shouldn’t spend more than one earns, but the problem is most people don’t know they are overspending until it is too late.

So we believe the first step in wealth building is to get a clear picture of where you are financially right now. Take a good honest look at how much is coming in and how much is going out. Admit to exactly how much you have in outstanding debt and commit to stopping the vicious cycle.

Tags: bad debt, debt reduction, good debt, wealth, Wealth Building