Did you know that in America, we buy so much stuff it’s ridiculous?
I’m not talking about things we need like food, shelter, clothing, and our cellphones. I’m talking about the money on crap we don’t need. That figure is in the billions.
How do I know we spend money on crap? Two statistics I just learned provide rock solid proof…
Exhibit A: There are more storage units in America then there are McDonalds, Starbucks and Subway combined. That’s crazy!
Exhibit B: 30% of donated clothing still have the price tags on them. That’s incredibly wasteful!
Get this: the average American could not come up with $400 in case of an emergency.
As far as retirement savings go, we are in serious trouble, because only a small percentage of people over 50 have anything saved for retirement.
In no way am I saying that you have to live a life of deprivation. However…before the next purchase you make, ask yourself: do I really need this?
Until next time…