June 9, 2005
A Controversial Survey & Rise in Bankruptcy
Extracted from this article a controversial survey in Uk shows that;
- Almost 90% of Respondents Will Be In Trouble When It Comes To Retirement If They Don’t Dramatically Change Their Earning, Spending & Saving Habits.
- 85.6% of Responses By Women Over 40 Indicate That Debt & Lack of Investments Make Them A Slave To Their Job Or Business
- Women Seem To Be More Interested In Sorting Out The Problem Than Men However, With 61.5% Of People Taking The Test Being Female
- Of the People Completing The Survey Almost All Are In A Position Where Without Earnings From Their Job They’d Lose Everything They Own
The survey highlight what’s already happening. That is 10 Million people in the UK aren’t saving enough money for their retirement. In fact 80% of these 10 million aren’t saving anything at all!
Hmm… something seriously to ponder about. If you are interested to read the full article just go here ( my article section ). However this is not something new and closer to home a newspaper reported that bankruptcy surged 47 percent between 2001 and 2004. This figure surged to more than double than those seen during the Asian financial crissis of 1997. This increase in personal bankkfruptcy even though the debt treshhold to be declared as a bankrupt increased from RM$10,000 to RM$30,000 (RM$3.8 = US$1.0). And 11% of these are due to credit card debts.
The question is why increasing the treshold does not solve the problem. Would there be a better way? Perhaps financial literacy is one of them and also education on how to handle money too. Here I would like to introduce the Financial Freedom Society. The Financial Freedom Society helps people to get out of debt, better manage their time and money and improve their lifestyle through.
- Lifestyle management, the wise use of time and money
- Debt elimination using a proprietary Debt Elimination Avalanche Method.
- Passive income creation.
Just like we go to a gym to built up our physical fitness, the Financial Freedom Society is like a Financial Health gym. The services provided by the society are designed to help quickly and significantly improve your financial “health”, quality of life, and help you achieve financial freedom in years , not decades.
A membership in the Society gives you everything you need to know to wisely manage both your time and money. It also includes the most specialized training and tools for credit card debt elimination and in managing money and time. To end I include here, the mission of the Financial Freedom Society.
Our mission is to help eliminate those social diseases by providing affordable and essential training, tools and professional services to the masses. Together, as members of the Financial Freedom Society, we have the power to help millions to enjoy the blessings of excellent financial health.
And I would like to invite you to visit this link to check out the Financial Freedom Society and the many benefits for it’s members.











As of August 2005, Financial Freedom Society had stopped taking in international members ie NON USA based. The reason for this can be seen in my post here : http://theselfstarters.com/archives/30