If you read my blog, I talk a great deal about the American economy and the lack of real growth due to a lack of production and export.  One area of “production” that we still thrive in is technology, especially software / internet technology.  While some of the biggest global phenomenons in the last few years like Facebook and Twitter are both American companies, does this really benefit our economy?

With the recent events in Iran (election & protests), it came to light that Twitter was an important tool for the protestors to organize.  It seems Twitter is everywhere these days.

While America still produces quality products and exports them abroad, its no debate that the numbers have decreased.  America’s manufacturing base in industries such as autos has declined big time over the years.  This has a big impact on the health of our economy.

Despite our constant emphasis that a consumption based economy is a good thing and the government’s attempt to mask core economic issues with cheap money and stimulus, there are real core fundamental flaws with our economy that should be addressed.

Our technology industry is fantastic and innovative.  Companies like Apple, Facebook, Google and Microsoft create high paying jobs and export products abroad which brings wealth into America.  However, how much wealth does Facebook and Twitter bring into America?  These companies do not have proven revenue streams yet; therefore, the economic impact of “exporting” online services such as Facebook and Twitter (which are free) is very questionable.

I hope that we continue to innovate on the internet, but also refocus on the manufacturing base of our country.  We need to export products that we can touch with our hands as well as products that we can use over the internet.  If we don’t, there isn’t a stimulus big enough to grow our economy over the long term and bring real prosperity to future generations.

The last few months in the stock market have had some serious ups and downs.  In early March, people were disgusted with the market, doing everything they could to get out.  Today, in June, we’re over 30%+ off the lows and by the way people speak, you’d think happy days were here again!  My question is are you trading the market based on your strategy or is the market dictating your strategy?

Here are the basic tenants of my investing strategy that I have been sticking to for the last year and for the foreseeable future.

• The American household is in a terrible financial position with little to no equity in their homes, credit card balances - an uncertain job market compounds the problems.  This does not bode well for an economy based on 70% consumption.  Consumption will not recover to levels in recent years for a very long time - therefore, economic growth will be stagnant for some time.  Sectors such as retail, home builders, and those tied tightly to the consumer will especially struggle.
• Any economic recovery or “growth” will be mostly tied to monetary inflation.  If we print enough money and inject it into the economy, home prices have to stabilize and asset values may begin to rise; but, the important thing to ask is: is wealth or prosperity increasing or just nominal values?  My guess is that we will get inflation disguised as growth or recovery.  This means there will not be any growth or recovery without a huge increase in prices, especially commodity prices.  I’m very bullish on commodities such as gold, energy, agriculture.
• I don’t attempt to know anything about the financial sector because frankly, not many people do.  Can you make money in financials?  Sure you can.  But you can also make money playing roulette.  Your odds are probably better with roulette.
• Any long term positions I hold in actual companies better have a healthy dividend.  I want to be paid to own this stock for the long term.  Companies that have demonstrated dividend increases are where you want to be.  Any non-dividend stock position is more of a trade where the holding period may be a day or six months.

Two of my favorite subjects are business and baseball.  I recently read a book that masterfully combined the two.  ”Moneyball” is the story of the Oakland Athletics baseball team, under the leadership of General Manager Billy Beane.  The A’s have long been one of the teams in major league baseball with the lowest payroll as other teams such as the Yankees continue to grow their payroll.  Basically, at first glance, the A’s chance of winning in baseball’s unfair landscape seems impossible, but the lack of money forced the A’s to question everything about how they ran a baseball team.  The result was extraordinary success.

I took a lot from this book.  The first, which I won’t spend a lot of time talking about, was the impact on my fantasy baseball team.  This book gave me a few new angles to approach fantasy baseball.  Hopefully, it leads me to win my league and pocket a cool $800.

More importantly, the example of the Athletics in major league baseball is a great example of challenging the status quo of any industry or business.  The A’s challenged the traditional baseball wisdom that was a part of every clubhouse.  They refused to accept the way things were just because that was the way they were.

This principle can be applied to business, making money, and investing.  When it comes to business, it’s important to question the industry and the common way of doing business in this industry.  Can you do things differently from your competitor?  It might look crazy at the outset but most change does.  This approach can also help you create income streams.  What are some common problems that can be solved in new ways?  What would be a fantastic service to have that you can’t seem to find online?  Maybe you should create that service!

Quick aside:  A friend and I have recently found a problem that needs to be solved with a website and we are currently working on it.  I will be writing about the website closer to launch.  Stay tuned…

This principle can be applied in so many ways to investing.  For one, do you tend to put money in play only after you hear somebody on TV talk about a specific investment?  I am completely disillusioned by the mainstream financial press/media.  They are completely wrong more than they are slightly right.  First question to ask yourself is are you taking investment advice from someone who was telling you to buy stocks when the Dow was at 14,000?  They are probably many of the same people who are throwing around the term “green shoots” every time you look their way.  Find real advice that is consistent no matter what the market is doing.  Find a real strategy.  If you have to, pay for that advice.  I have a handful of resource I use to guide most of my investment decisions and thoughts, and no, none of them are on CNBC or Yahoo! Finance.

To sum up, challenging the status quo is a great way to grow in business, income and investing.  If you like baseball or are looking for a different kind of business book, check out “Moneyball” by Michael Lewis.  It’s a great, unique read.

We have had an insane run in the last 2 months.  The market has rallied over 30% from the March lows in just a matter of a few months.  For those that missed the run, I urge extreme caution in buying into the market at current levels.  The reason?  Risk/Reward!

As the market goes higher, the valuations increase.  Some sectors like Technology and Retail have valuations that are just out of control in my opinion, especially when you factor in a weak economy.  Now, just because the valuations are high, and I don’t recommend buying them, does not mean I don’t believe these are great companies.  I think that Amazon (AMZN) is one of the best companies out there.  It’s just overpriced, and when it comes to trading/investing, price and valuation matters.

Take a look at some of the following stocks:

Again, there are plenty of stocks with similar characteristics in today’s market. The run has been large. The economy is still weak. Proceed with caution.

As the valuations increase to high levels, the risk-reward picture gets much worse.  Simply put, your upside is much more limited and your downside is arguably higher.

Now, I’m not trying to convince you to be bearish on the stock market.  I’m telling you to be careful chasing a rally especially in the hot sectors like tech and retail.  It’s hard to justify a very high P/E in a struggling economy with still very real and present issues such as housing, the consumer and unemployment.  If you are dying to own these stocks, just be patient and wait for a better opportunity.

Interestingly, I would bet that many people are much more willing to invest at current levels than back in March when we were 30% lower.  Why?  Because, individual investors are incredibly swayed by overall market sentiment and the sentiment is very positive right now.  Unfortunately, you missed the way better time to invest when the sentiment was much worse.  That requires more discipline and expertise, which most individual investors probably lack.

I’m always very wary of buying in when the sentiment is so positive.  The easy money has been made.  This doesn’t mean there is not more money to be made as the rally continues, but realize that the risk is likely increasing in tandem.

It’s no surprise that consumers are moving towards lower cost retailers during an economic downturn, and it’s also no surprise that companies such as Wal-Mart (WMT) have seen their earnings hold up much better than other retailers.

What is interesting is what Wal-Mart is doing these days to keep their momentum moving forward.  Interestingly, I have never shopped more at Wal-Mart than I do right now.  It seems like I go there once a week to buy everything from groceries, toilotries to beach towels.  Why not?  There is a nice store nearby, I can get everything I need in one place, and it’s tough to beat their pricing on just about everything.

In addition to having a bank, a McDonalds, an eye doctor and a nail salon inside the actual Wal-Mart, here are a few things that you might not know Wal-Mart sells:

• Fresh groceries - While you may assume the quality at Wal-Mart is lower than your local grocery chain, you might be surprised at how great the grocery selection is at Wal-Mart.  I now try and buy as much as possible from Wal-Mart.  If I’m looking for high end meat to throw on the grill, I will go to a more expensive option such as Fresh Market.  Everything else, I will go with Wal-Mart.  This doesn’t bode well with grocery chains.  As an investor, I’d stay away from them.
• Movie rentals - the kiosk where you can rent the latest movies for $1 a day at Wal-Mart are incredibly convenient and very cheap.  Why not?  Will this hurt Netflix (NFLX)?  Maybe.
• High End Electronics - Wal-Mart has been ramping up its consumer electronic offerings.  Whether it is Apple products (rumor is that Mac computers might go on sale soon), the latest smart phones (iPhone, Palm Pre) or an array of large screen TVs, Wal-Mart has it all.  This will likely hurt retailers such as Best Buy (BBY).
• Used Video Games - The latest rumor is that Wal-Mart will soon be buying back used video games from consumers in exchange for store credit.  This could be a huge dent in the momentum of GameStop (GME)
• Dollar Items - Capitalizing on the recent success of the dollar chains such as Family Dollar, Wal-Mart will soon feature a “dollar aisle” where all items in a designated section or aisle in the store will all be under a dollar.

As you can see, Wal-Mart continues to innovate and expand its offering and services.  They continue to offer more and more, attracting more and more new customers.  I think it is a fantastic company and a great long term holding for any investor.

As of writing this article, the share price of WMT is just shy of $50.  At current levels, the dividend yield is approximately 2.2%.  If you’re looking for a strong company to own through thick and thin, I would definitely buy at current levels.  Consider buying half of your position now and half at a potential lower level.  An ideal entry point would be between $40-$45 where your yield would be between 2.4-2.7%.

For many 20-somethings, the prospect of owning one’s first home is a common goal, and a great goal.  With the bubble and the bursting of that bubble, many people are saying there has never been a better time to buy real estate.  While prices have come down considerably, I believe they have further to go.

First, you need to realize that real estate prices go up and down based on the balance between sellers and buyers.  When there are more buyers than sellers, prices go up; when there are more sellers than buyers, prices will come down.  This is the common behavior of any open market, and real estate is no different.

For prices to stabilize (stop going lower) and eventually turn around, we need a big jump in the number of buyers versus sellers.  There are two categories of buyers, first time buyers and buyers who must sell a home first before buying another one.

The government has done a lot to attempt to stimulate first time home buyers to go out and buy that first home.  Tax breaks and incentives make it a pretty good deal.  Countering these incentives are the much tighter loan standards requiring first time home buyers to save up for a decent sized down payment in order to get a loan.  Let’s say, for simplicity, that these forces even each other out.  As a result, there is no net gain in first time home buyers.

Now, let’s look at the other buyer category:  people who need to sell a home first before buying another home.  These people are either upgrading, downgrading, or re-locating for some reason.  Here is the major problem with these buyers.  With a greater percentage of home owners under water on their loans (they owe more money to the bank than their house is worth), a huge percentage of people literally have to save money up to sell a house.

What do I mean by this?  Let’s say Joe Blow owes $300k to the bank but can only sell his home for $250k.  This means that he must save up another $50k to pay the amount of the loan that the proceeds from selling his house cannot cover.  Do you understand how large of an obstacle to selling a house this is? It’s enormous.

In a good, normal real estate market, people have modest mortgage payments to where they have money left over to save.  They save money to put towards a down payment for their next house.  Now, the mortgage payments are so large that they aren’t saving money, and they would have to put that money towards their current house.  Forget buying a new house!

There are absolutely huge obstacles to people buying up homes in any decent manner.  Add in the huge amount of excess inventory and you have a long way to go before a real estate bottom.  There are some condos near where I live that a few years ago, you had to win a raffle to get the opportunity to buy one for $350k.  Now, they are selling for $175k and they are still building new units!  Having to win a raffle to pay $350k for one of these units is the epitome of a real estate bubble.  Now, the bottom arguably would be the complete opposite of such a scenario; a scenario where literally nobody wants to buy these things.  Unfortunately, I don’t think we’re there yet.

The only way out of such a real estate mess any time soon is for the government to literally flood the economy with dollars.  Eventually people would have so many dollars that the prices of all things, including real estate would stabilize and move upward.  If you understand high inflation, you know this would cause significant damage to our economy.  Our government is pursuing this exact course by the way.

So, what do you do?  Well, if you buy into my argument here there are two potential avenues our economy may take: continued real estate weakness or serious inflation.  You can prepare for both by buying some gold and patiently waiting to buy real estate.

Full disclosure:  I own a home and I own many gold stocks.

Everybody wants to get rich quick, or hit the lottery.  This is not a how to get rich article, but rather a practical look at how does one get from a good, healthy financial scenario to a picture of significant wealth?

First, let’s define wealthy.  We’re not talking uber-rich.  We’re talking having enough money to life the lifestyle you want, work as much as you want, and have a sustained retirement scenario.  If your desired lifestyle is private jets and 150 ft. yachts, well, maybe you are talking uber-rich, but that is not what we are looking at here.

So, how do we become wealthy?  Through career, through business, through budgeting, through investing?  Let’s look at each of these.

Career & Salaries

I’ll be blunt, it’s very hard to become very wealthy through a career and/or salary.  Most people, even very successful people, as their income rises over the years from 50k to 100k to 150k and even 200k, their lifestyle typically increases in tandem with the rise in income.  Unless you make 200k and live a 50k lifestyle, it’s pretty tough to achieve significant wealth through just a salary.

With that said, the two career paths that can definitely achieve significant wealth is if you are in some type of sales position where the performance-based compensation potential is very high.  For example, maybe you are selling yachts or million dollar homes?  Wealth can definitely be obtained here.

Lastly, the corporate ladder route can result in serious wealth but it typically only for those that make it to the executive ranks of the company.  I down play this scenario for two reasons.  One, only a very small percentage of employees make it to this level.  Second, this isn’t my dream since most Corporate Executives work around the clock.   Their bank accounts of fat, but their lifestyle is not to be desired.

To sum this section up, for most of us, getting seriously wealthy from a salary is very tough.

Budgeting

Managing your expenses and income is a very vital component of your financial plan.  It is crucial to any type of savings plan and is necessary for any level of financial health.  Budgeting, however, won’t make you rich or wealthy by itself.

Learning how to budget and manage your money is important to do now at your current income levels.  Then, as your income rises or expands, the more static you keep your spending the more wealth you will generate.  Budgeting and financial management is key to ensuring your income growth outpaces your spending growth.  This is an important thing to master now, and to hold to it as you move forward.

Investing

On to one of my favorite topics… investing.  Can you get wealthy investing?  Well, yes if you hit it big on a significant bet that you might take.  In this world of diversification-focused investing, however, this is very unlikely to happen.  While I believe it is possible to beat the market, and I attempt to do so, it is not what will make me wealthy in a way that will impact my lifestyle.

My investing is mostly focused on my long term savings and retirement money.  If I achieve significant returns on this money, this will mostly just boost my savings (which is a great thing), but is not money I intend to have impact my lifestyle any time soon (perhaps, in retirement!).  For most people, a focus on investing is fantastic but in most cases, it will only impact your savings, not your lifestyle.

With that said, as your income grows in your 20s, and if you are maxing out your retirement contributions and savings goals, yet you still have some money left over, you may want to start putting that money to work.  What I mean by this is if you can start accumulating cash in an account that you want to attempt to help build wealth, this is a great goal.  For example, I have started building cash for a potential purchase of some kind of asset.  I have not determined what this asset would be but if there is a serious continued collapse of real estate, perhaps it is a rental property.  Or, if the Dow plunges further and hits 5000 territory, perhaps it is some stock purchases.   I would love to deploy this money to generate cash flow, which would definitely impact my income and my wealth building goals.  I’m waiting patiently as I do not see anything nearly attractive enough for this money as of yet.

Business

Starting your own business or developing income streams is the most likely way you can achieve significant wealth.  This is off the radar of most people as most people are employee/job security focused type individuals.  There is nothing wrong with this type of focus, but it does prevent you from obtaining significant wealth.  However, if you’re reading my blog, you’re probably in the camp that is at least open to some type of entrepreneurial activity.

Learning skills necessary to start your own business should be one of your primary objectives right now.  Whether it is business skills or the relationships you are building with potential future customers, you need to keep in mind your goal of having your own business.  Starting your own business that you can eventually scale and generate income without your direct presence should be your #1 goal, assuming your desire is the best combination of wealth and lifestyle possible.

There are also plenty of what I like to call “21st Century Business Models” that definitely work and can be leveraged by 20-something, first-time entrepreneurs.  More simply put, the internet and technology have allowed the process of launching a type of business to become very easy and require minimal startup money (which is crucial for a 20-something).

Because I believe that this is the best route to growing your income and wealth, my next post will be titled, The Four Steps To Launch an Online Business (not your typical “make money online” weak content).  Also, make sure you get on the email list so you get all of the email content regarding income streams.

Conclusion

Your career, your budgeting, your investing and your aspiring entrepreneurial goals are all important and work together to reach your financial goals.  Leverage your career to learn skills that will help you start your own business.  Focus on managing your money and learning how to invest to maximize your current income and future income.

Most of all, keep focused on launching your own business.  Even if it is a part-time, “on the side”, and even if it fails to ever make money, it will be a great learning experience for you.  Lastly, look for more content on 20smoney.com to help you learn how to generate income streams and start your own business.

If you follow the stock market, like me, you are probably amazed at the recent run. From the March 2009 lows, the broad indeces are up approximately 30%. Everyone wants to know, is this the start of a new, bull market or is it simply a bear market rally destined to crush the average investor once again?

My question to you is, did you miss the rally? My guess is that most individual investors did miss it. Pessimism was so rampant and the snap upwards so quick, that most people had a hard time believing in the rally until we were already up 25% to 30%. My point here is that you should not worry if you missed the rally.

I missed the rally, and I am completely fine with it. I am looking to be long many stocks that I view as high quality investments, yet I’m still waiting. If I were to let my emotions guide my investing, I would have bought into these stocks over the last week or two; frustrated that I had missed the quick uptick yet fearful that I would miss out even more. Are you investing because you are scared you are missing the run? This is a very dangerous game to play.

Chasing a rally can often lead to terrible results for average investors. If you watch TV right now, you have the Jim Cramers of the world talking about green shoots and telling you that this rally has legs, so you should buy. Here’s the thing… it might have legs and it might go higher. Even still, I won’t be worried about missing it because I am sticking to the strategy I have in place for the near term as well as the long term.

Fundamentally, I don’t buy that our economy is improving. Bank profits were exaggerated by accounting changes and one-tiem asset sales. Unemployment continues to go higher and consumption will continue to get lower. Bear market rallies are very normal in bear markets and some can go as high as 50% from the bottoms. The seasoned trader who can make a quick buck can often profit from these rallies but the investor at home who is worried about missing the boat usually gets hurt badly.

Here’s my advice… if you think our economy is sound and you don’t care about near term fluctuations, I won’t discourage you from buying into the stock market at current levels. If you are however simply trying to avoid missing any further quick run up, then do yourself a favor and stay on the sidelines. The easy money has already been made. The people buying at current levels are either traders (who have one foot out the door already). Do what you think is right, but be cautious. I’m shocked at how irresponsibly optimistic the folks on TV are right now about our economy and stock market. There are still a ton of headwinds in the now and in the near future.

As for Investing 101, never invest money because you feel like you are missing the boat. There were plenty of investors who did this at the height of the dot com bubble or the real estate bubble. Making a high return over a few days or weeks is never as easy as it may look or sound during rally times. Remember, someone always gets slaughtered when a rally ends. Be careful that it isn’t you.

As for me… I’m mostly cash still. I’ve missed out on a nice return during the last 2 months, but the difference is that I’m not upset about it. Time will tell if I’m right. Good luck.

I’ve always been intrigued with Twitter, but just recently decided it should be a larger part of my blog/business plans that I thought before.   I will be providing updates throughout each day on my stock market thoughts as well as other financial topics.  To get my “Tweets”, you need to “Follow” me on Twitter.

You can follow me by going to http://www.twitter.com/20smoney. Follow me, then submit a comment to this post and I will then follow you!

The following article is as good of an explanation that I can provide for why I created this site and why you should visit this site.  What I have to say will be sobering information, but it is information that you need to understand.  By understanding what I have to say, you are well ahead of 99% of your peers.  It will be the start of something huge for you.There is a huge void of solid financial advice and information out there geared towards 20-somethings.  This is unfortunate because I am convinced that the decade that is your 20s is the most important decade of your life when it comes to both financial success and career success.  This is what you must understand, because until you do, you won’t be doing everything you can to ensure this high level of success in your life.

Financial Success

In order to achieve financial success, which I define as a level of financial stability and/or net worth to where you are able to obtain and maintain the desired lifestyle you want indefinitely, it is absolutely imperative that you begin now, in your 20s.  One of the most important components of building wealth, for 99% of people it is THE most important component, is time.  Time is the magic that makes compounding interest work.

To illustrate, every dollar you save at age 20, assuming an 8% annual return, will be worth $32 when you are 65 years old.  In this example, the money you put away at 20 will be worth 32 times the amount you put in when you are 65!  If you were to set aside $5,000 at age 20, it would be worth $160,000 when you are 65.

Now, what if you set aside the same amount of money each year from age 20 to 65?  Let’s say you set aside $5,000 each year, and achieve the annual 8% return.  By 65, you would have over $1.93 million.  Putting off this savings schedule, even a single year, is disastrous to your future.  By waiting only one year, you would have to increase the savings each year by over $400 every year to achieve the same result.  If you wait five years, you would have to save almost $7,500 every year to achieve the same result!  Waiting five years means that you would have to increase the amount you save every single year by almost 50%.  Need more proof?

Career Success

Your earning power is your biggest asset.  If you are in your 20s, hopefully you are beginning to understand this.  Nothing will impact your financial future more than hitting your complete potential when it comes to earning power.  This means having a successful career.  In order to have a successful career, like compounding interest, you must start early.  You must start in your 20s.

It’s very easy for people to not focus on career advancement or finding the right workplace during their 20s.  After all, many people are still in the college mentality or they have just not learned the right approach to a career.  Unfortunately, the people who “dilly-dally” throughout their 20s and make no progress on their career during this time will be at a huge disadvantage to achieving financial success.

By “starting” your career at 30, you are eight years behind most of your peers.  This means that you are left to compete for entry level positions where many employers are looking for new college graduates.  Even if you are more mature and have more experience, most employers will select a fresh graduate over a 30 year old.  Why?  Because, they figure that they don’t have to pay a new grad as much, a new grad won’t have any bad habits from another job and frankly, they might wonder what the heck the 30 year old has been doing for the last eight years.  Note: If you are in your late 20s or even 30s right now, don’t be discouraged.  Instead re-focus immediately!  Don’t wait another 8-10 years to do what you should do right now!

Now, starting early on your career isn’t just about moving up a corporate ladder.  It is about learning how to work hard.  It’s about learning a skill set on the job.  It’s about learning what type of job you see for yourself down the road.  It’s about learning business, and the potential to become an entrepreneur!

If you dismiss this career advice because you want nothing more than to be an entrepreneur, where do you think you will learn the skills to run your own business?  And, what service or product will you have the experience to offer potential customers?  Where will you develop relationships for potential partners, mentors, customers?  The reality is that almost all successful entrepreneurs learned the skills that made them succeed while working for someone else.  

Habits

Almost as important as starting immediately on saving money and focusing on your career is the fact that you establish habits in your 20s that will stick with you for life.  Your first stab at the “real world” after college or after high school is where you will establish most of your habits.  Whether this is laziness or an incredible work ethic, or being a free spender vs a frugal spender, it is important that you establish the habits that will set you up for incredible success for the rest of your long life.

Reality For Most 20-Somethings

Unfortunately, most 20-somethings out there have not done any of the actions that I have detailed in this article.  Most people in their 20s have a ton of debt and no savings.  Many people in their 20s view their job as “just a job” instead of taking every opportunity to develop their skills and their abilities.  Many people in their 20s are fine with working jobs that are not going anywhere.  Lastly, there are many 20-somethings who have the right attitude, yet can’t find work in this ugly economic time.

Here’s the harsh reality for these people… financial success and/or financial independence is probably not going to happen for these people, unless either drastic changes happen or they win the lottery.  Now, here is the most important part of this article.  What I am referring to here is not the goal of getting rich.  This is not a how-to-get-rich article.  What I’m referring to is the ability to maintain a desired lifestyle, the ability to retire, the ability to send your kids to college one day.  This is not the uber-rich lifestyle.  Unfortunately, I strongly believe that a great majority of people in our society will not have the means to retire without assistance from government or other sources.  

Encouragement

The financial state of most people is very bleak.  I’m not going to sugar coat it for you.  There is good news, however.  That good news is that you can take charge of the direction of your life and give yourself a serious chance at achieving the financial goals that you might have.  You can achieve the lifestyle you want, you can retire (maybe even early).  It’s time to really do something about it, though.  Nobody is going to do it for you, despite what you might hear from some politicians or the media.

It is because of this that I have created this website.  Your 20s are the most important decade of your life when it comes to success.  This website is here to help you navigate this challenging decade to establish a strong foundation for the rest of your life.  This website is here to help bring about the crucial dialogue that will benefit us all.  

Furthermore, in the works is more content, some new tools that will be released and even some education training and courses containing the information and tools that has helped me get on the right track financially.  I hope you will be a frequent visitor of this site and look for the upcoming releases here at 20smoney.com as we navigate this exciting and challenging phase of our lives.  

I’m not here to tell you that it will be easy for you to achieve success and meet your goals, but I am here to tell you that it is possible with the right tools and the right attitude.  I hope 20smoney.com is one of those tools that you can use for your financial successf.

Questions for you to think about and add your feedback…

• Do you agree with the overall idea of this article?
• What do you need help with in your 20s?
• What are your long term financial success goals?  How realistic do you think it is that you will hit them?  If you think you will hit them, why?