A chance to rebuild homes

In President Barack Obama’s recent State of the Union address, he mentioned a bill in Congress“that would give every responsible homeowner in America the chance to save $3,000 a year by refinancing at today’s rates.” Once passed, the bill will help families to not only save up to the aforementioned amount but also get back on their feet and get proper housing loans.

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The home is everyone's first school.  And everyone should be afforded the opportunity to protect and preserve it.  Passing this bill would give significant aid to those who have been terribly hit by the recent global economic recession--middle class families and retired citizens whose homes were foreclosed.

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People needing financial advice to get back on their feet can seek the help of companies, like Kelly Ruggles’ American Reliance Group and Ron Blue’s Ronald Blue & Co. LLC, which offer assistance in financial planning, estate planning, and investing. And now that the president is, once again, calling for this “bill” to be passed, there is a prayer made out to those homeowners who want to start anew.

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Loud and simple: Your future and the Pareto principle

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Not all successful men, notwithstanding the presence of auditors and accountants they pay to consolidate their own monetary matters, are unaware of or too-fastidious a man to track every detail of their funds’ endpoint. Most of them are actually oblivious to how they spend it, and some just don’t care if they would end up having a reasonable amount of money in the bank to finance their retirement days, or sadly, if they get broke even before that glorious time comes. Just like the 80-20 rule, or the so-called Pareto principle, which tangentially means “eighty percent of what one earns come from the twenty percent of what he does.”

If all working men—and women—could only be faithful to the aforesaid principle, no trade owner from the financial assistance industry would worry about someone else’s monetary future—not even Kelly Ruggles or Mark Kantrowitz or anyone who devotes his life to helping other people assuage and escape their money problems.

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The problem is that most working men lay the higher percentage (80%) of their mindset to everyday, ephemeral matters such as what to eat and what to wear or buy, to things that are enclosed only by the constraints of today and the present (or the “needs”), and the other 20% to things they can splurge on or reward themselves with (the “wants”); thus, as the principle says: a little spending becomes a larger scope of spending. The thing is, it should be changed. Or at least the latter. One has to put a little effort on saving money and turn a minute fraction (at least 20%) of his focus to the future. And optimistically, that little percentage put in saving would turn out to be a bigger portion of cash to finance one’s retirement day.

And twenty percent isn’t really too demanding a number, right?

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Kelly Ruggles is a respected figure in the financial services industry and also the founder of American Reliance Group, Inc. Learn more about him by visiting this website.