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Over the years, good times and bad, a statistical constant tells us only 4% to 5% of Americans will achieve financial independence by retirement age. That leaves 95% destined to be financially dependent. What is it this small minority does (and the rest does not) that sets them apart?
Income, of course, has something to do with it. Indeed, adequate earned income is an imperative. However, income alone is not the answer. The world is full of people who, in spite of substantial incomes, never attain financial independence. Some form of strategic planning must be imposed before there can be realization ... Read More