Saving Money

Let me tell you something that might surprise you... A recent video I watched on YouTube said that the majority of Americans who are making over $100,000 a year are living paycheck to paycheck. Yes! Six figures and still broke! Can you believe that?

Now imagine this happening to a Haitian-American family--people who come from nothing, who know what it means to boil plantain with no meat, who remember walking to school barefoot in the provinces.

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Would you still work if you were 75 years old or older? More and more Americans are working pass age 75 and it is not because they are broke. Discover the reason why.

When you're young you can't wait to grow up. Then you grow up now you can't wait to retire. Now you're retired and you want to go back to work. Isn't that funny?

More and more Americans pass the age 75 are still working or go back to work and it's not because they don't have money.

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The number one reason Americans save money is not for college, it is not for their retirement, and it is not to buy a home. The number one reason Americans save money is to go on vacation.

Yep... A recent survey from SunTrust Bank revealed that travel, not emergencies, as Americans' top reason to save money. 45 percent of Americans save money to travel. They want to see the world.

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I was reading an article about saving money during financial crisis and one of the advice is to move my money to a bank that offers a higher interest rate.

Which bank is that that offers a high interest these days?

Is your bank offering you higher interest rates? Are you seeing a noticeable amount going into your bank account in the form of interest?

Bank Overdraft Fees: America's Banks Made Billions of Dollars Last Year

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In mid November, 2018, The US dollar skyrocketed in Haiti. As of November 16 2018, you needed 75 Haitian gourdes for one US dollar in Haiti.

What did that mean for a Haitian employee getting paid 25,000 gourdes per month?

Divide 25,000 gourdes by 75 and you get $333.33 U.S. per month.

In a country where everything is sold "au taux du jour," (at the daily rate of the U.S. dollar) what is a head of household to do with a 25,000 gourdes salary?

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If you lost your job today, how long would you be able to continue living every day paying all the bills while maintaining your current lifestyle? That, my friend, is how wealthy you are.

Wealth is measured in time, not dollars.

Some people think being wealthy means having a lot of money and valuable assets but that's what exactly what it means.

From what I've read over the years, I can tell you this:

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So you think saving money is impossible because the money you earn is not even enough for your daily expenses. There is one important question you have to ask yourself first though before you tell yourself this big lie.

En Francais: Comment économiser de l'argent lorsque ce que vous gagnez n'est même pas suffisant pour vos dépenses quotidiennes?

How much of what you purchase everyday is a desire but not a necessity?

As humans of the modern age, we wake up everyday and purchase so many things we can live without.

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If you are living paycheck to paycheck, if you do not set a budget for yourself, If all you do with your money is pay credit card debts, then my friend these are all signs of debt addiction.

What Is Debt Addiction?

Chances are you are addicted to debt without even knowing that you are.

Read this carefully, there's something I have to tell you.

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In June 2015 Haitians were shocked when the Haitian currency rised above 50 gourdes for 1 U.S. dollar. One million gourdes was worth about USD $19,801. What if you put one million Haitian gourdes in the bank back in June 2015, how much would it be worth today, June 2019, in U.S. dollars?

Let's take a look...

1 million gourdes divided by 93.50 equals... Drum roll please!!!

Ten thousand six hundred and ninety five dollar US ($10,695)

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With the Haitian currency having absolutely no value compared the the US dollar, the price of food in Haiti has gone up and up to an unacceptable level these days. Everyone is complaining.

Not only is the price of imported food gone up. Haitians from the countryside have raised the price of the food crops and livestocks they bring to market because they need more money to buy the goods they need to purchase to bring back home.

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