Do you remember learning to count? How about teaching your children or grandchildren?
Getting to one hundred was a big event.
Eventually, you taught them about the thousands. Then, tens of thousands. Then, hundreds of thousands. Millions, billions…
Perhaps you went as far as teaching them about trillions.
In today’s world, the most popular number featuring “trillions” is…
Our national debt.
At the time of writing, our national debt in the USA is over $27 Trillion. That’s 27, with 12 zeros after it!
Maybe this will help us wrap our heads around that number.
1 Thousand seconds is 16.66 minutes.
1 Million seconds is a bit more than 1 ½ weeks.
1 Billion seconds is about 32 years.
1 Trillion seconds is almost 32,000 years!
Our deficit is like 864,000 years is to a second… Think about that.
$27,000,000,000,000 in debt is over $82,000 for each person in the United States.
Let that sink in.
What does that mean for you… your kids… your grandkids and so on?
Higher taxes are certain to come, to pay down this debt. Therefore, one thing is certain.
It’s a foolhardy plan to rely on the government’s plan, like social security, to ensure that you will be able to:
- Maintain your lifestyle
- Leave a legacy for your heirs
Build your own tax smart plan. Do it now, don’t wait. We’re ready to make it happen when you are!