95% Broke Don't Let This Happen to You

By Sir Jr. A.K.A. Johnny Lee

95% Broke is an easy to understand book about empowering people to take control of their finances. This book is a must read for Millennials who are just starting their financial walk in life Sir Jr., a.k.a. Johnny Lee, has hit a home run with this compelling and energetic book of finances that has inspirational quotes as well as examples of do's and don'ts. Learn to save more and spend less while improving your lifestyle. Learn sound financial principles like paying yourself first, ways to become a good steward of your money, and how to calculate your net worth. Know that debt is your number one enemy. Other financial principles like saving 15 percent of your income for retirement, understanding debt-to-income ratio, and the importance of creating a budget are all sound financial principles that could be passed down from one generation to the next. A paradigm shift about your finances must take place so that you won't end up broke, living on social security, and in debt after your career is over. Readers of all ages will be able to glean valuable financial information from this masterful and well-written book. Live life and retire on your terms with dignity and pride, knowing you did what was right for you and your family. It is not about how much you make. It's about how much you keep of what you make.

• Language: English
• Publisher: Page Publishing, Inc.
• Release date: Aug 22, 2018
• ISBN: 9781643500621

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95% Broke Don't Let This Happen to You

Sir Jr. A.K.A. Johnny Lee

Copyright © 2018 Sir Jr. A.K.A. Johnny Lee

All rights reserved

First Edition

Page Publishing, Inc

New York, NY

First originally published by Page Publishing, Inc 2018

ISBN 978-1-64350-063-8 (Paperback)

ISBN 978-1-64350-062-1 (Digital)

Printed in the United States of America

Preface

Before you speak, listen

Before you write, think

Before you spend, earn

Before you invest, investigate

Before you criticize, wait

Before you pray, forgive

Before you quit, try

Before you retire, save

Before you die, give

William A. Ward

Source: Fountains of Faith

The Average American

When you retire, the average person in the United States will have less than $5,000 (five thousand) dollars in the bank and will be thousands of dollars in debt. What a dim prospect for the future for a lot of Americans.

Before the decade of the ’80s arrived, Americans were saving an average of 8 to 12 percent of their income. The threat of nuclear war destroying the world brought about a change in the way Americans viewed their future. With the building of shopping malls and the influx and proliferation of credit cards, Americans started spending money like never before. They accumulated huge amounts of debt. This type of free spending did not curtail until the spiral downward of the stock market along with the real estate crash of 2008. By then, the average American was out of control, spending more and saving less.

What would you do if you were not afraid to succeed? We are all born to be successful. We just have to have a new way of thinking. A paradigm shift about our finances must take place.

We all have heard the saying Expect the unexpected.

Once you get a handle on your finances, you can then expect the expected. You will always have positive cash flow. You will have little or no debt, and you will have a predictable path to your financial future.

You must make paying attention to your finances, saving money, and getting out of debt a priority. Otherwise, you might as well open a window and throw all your money out because that is where it will go.

Imagine living in a world where there is no stress due to finances. It is not about how much money you make. It will never be about how much money you make. It’s about how much you keep of what you make.

If you earn $50,000 a year for twenty years, you would have earned $1 million over that time period. If you earned $50,000 over thirty years, you would have produced