Back in the late 70’s Harold Melvin and the Blue notes had a hit by this same title. The co-lead singer was yet to become a big star, his name Teddy Pendergrass. Here are some of those lyrics:
Wake up everybody, no more sleepin’ in bed
No more backward thinkin’ time for thinkin’ ahead
The world has changed so very much from what it used to be
So there is so much hatred war an’ poverty
Wake up all the teachers, time to teach a new way
Maybe then they’ll listen to whatcha have to say
‘Cause they’re the ones who’s coming up and the world is in their hands
When you teach the children, teach ’em the very best you can
So, how does this have any connection to financial victimization? Well, we are in the midst of a financial and economic epidemic which is financial victimization. Sadly the underlying disorder is completely ignored. The greatest financial victimization is being perpetrated by merchants, banks, and credit card companies. Scams, fraud and predatory sales tactics are responsible for $250B+ annually, yet that is pennies in comparison to the trillions being taken out of the pockets of Americans through debt manipulations. This is backed up and reinforced by a financial media which is basically funded by these organizations through advertising revenues.
Its a very effective cycle which begins with financial illiteracy and escalates into total financial victimization. Let’s look at some of this manipulation.
The vast majority of Americans have tied themselves to an anchor which assures they will NEVER reach financial independence. In fact they have unwittingly locked themselves into the death spiral that eliminates any opportunity for financial independence. ALL of this could easily be avoided and many, many more Americans could enjoy the benefits of financial independence.
It all begins with credit, whether that is mortgage, auto loan, student loans, or credit cards this debt carries interest. (Mortgage debt is over $8.5T, Auto loans $1.14T, Student Loans $1.45T and Credits cards $850B) The greatest tool banks, merchants and credit card carriers possess is INTEREST payments. This is commonly referred to as the magic of compound interest. Unfortunately for you this magic is being used to assure you will never reach financial independence, you will be a financial slave to the organizations who are reaping he benefits of compound interest. This is further escalated so that if you have any additional funds to invest you do so with the “mutual funds.” Those magical packaged investments that somehow will push you towards the heights of financial independence. Unfortunately once again this is a myth and the mutual funds earn more of your money through fees. The financial media and pundits once again manipulate you with the magic of mutual funds because they are directly funded and supported by the very mutual funds they are pushing. These same media pundits rail against brokers, financial advisors and insurance agents as the enemy when in reality these pundits are being paid by the mutual funds and investment institutions. So even if you have any left over money after all the excessive interest payments the mutual funds and investment packagers make sure they get the remains.
You are being financially victimized every day. You are losing $100’s of thousands of dollars over your lifetime. This is the very money that would propel you into the arena of financial independence, you have the financial wherewithal in your hands right now! All you need to do is make some very simple changes and learn to trust yourself instead of the pundits and financial media.
The Advocacy Network provides all the financial literacy education as well as the financial solutions that will propel you into financial independence. Our mission is not only to eliminate all forms of financial victimization but also to help our members reach financial independence. we know that people who are financially independent never become victimized. They have no exposure to financial victimization because they are financially independent. Wake up everybody and join us! The results will be financial independence for YOU and YOUR family members. Wouldn’t you like to save $100’s of thousands of dollars for your own financial well being? How about doing that while also sticking it to the banks, merchants and credit card companies? That’s a win/win right there. Take back control of your financial life style and life experience. It is easily accomplished, it just needs your willingness and support.