by (c) 2002 By Doris Dobkins

Why are there so many books written on "getting out of debt" and
"saving for retirement"? Why do so many people study these subjects or
subscribe to newsletters that address these issues?

One of man's biggest fears is running out of money at retirement. With
statistics such as below, it is no wonder:

"Household borrowing has risen almost 60% to $6.5 trillion in the past
five years." The Wall Street Journal, July 5, 2000

"Despite an unprecedented economic boom, more than half of Americans
are worried about having enough money for retirement."
USA Today, April 27, 2000

"Families across America have accumulated $505 billion in credit card
debt, averaging a balance of nearly $8,000 per household."
USA Today, January 5, 2001

"The total number of bankruptcies filed during the 1999 calendar year
totaled $1.31 million." American Bankruptcy Institute, January 22, 2001

"One half of American households have accumulated less than $1,000 in
net financial assets." Report by Capital Research Associates, 1999

"Almost 1 in 5 households with income over $50,000 has no savings."
Smart Money, November, 1999

"The average U.S. household has 13 credit or charge cards, and carries
$7,500 in credit card balances, up from $3,000 in 1990."
The Wall Street Journal, July 5, 2000

The most important step to a secure retirement and a debt free life is
to create a plan. You must identify specific goals and give yourself
time frames. Without this, you will more than likely end up in one of
the statistics mentioned above.

Not having a plan is a plan in and of itself to be poor and financially
unprepared. But before you create your plan, define why you want a
plan. Do you want a comfortable retirement? Do you want to live on a
very small income? Do you want to be worried about your mortgage
payment when you are old? Do you want to live in fear of having a home
repossessed or sold out from under you?

WHY, WHY WHY do you want to change your ways and get out of debt,
become rich or attain financial freedom? Answer this question for
yourself. It is what will give you the POWER to follow your plan. Then
create a plan. How much debt do you want to pay off each year? How much
money do you want to save each year? How much money do you want to have
at retirement? Start with your end goals and work backwards. Divide
them into annual and even monthly goals. Then find a way to make them
happen and get started.

If you find you are arguing with yourself, saying "I can't do that" or
"We don't have any money" or "I'll get to that after..." stop
immediately. You are closing your mind to the possibility of achieving
your goals and it serves no purpose. If you are looking for reasons not
to achieve your goals, you will most certainly find them.

It is up to you to create a plan and then open your mind to the
possibilities of achieving everything you desire. You must clearly
understand why you want this for yourself. Where there is a will, there
is a way. You must define your will, create a plan and then take

Beat the odds. Your future can be anything you want it to be. You
determine it; you control it. Take that first step now.

*** == *** == *** == *** == ***
By Doris Dobkins, Money Saving Expert If you are looking for new ideas to get out of debt, save money and improve your finances, get our FREE weekly tips that will put more money in YOUR pocket. Send blank email to: or sign up at:

"Tax Lien Investing for Women"
is a 30-minute audio cassette available
from Featuring tax lien
expert Lynn Featherly, this tape provides
an introduction to the interesting field of
property tax lien investing with an
orientation toward women investors. In
Lynn's long career in this business she has
purchased over $100 million in property tax
liens nationwide. $10 including shipping
within the U.S.