Biggest Money Fears - Are These Accurate?

[terry1156]

There is a little poll over at <A HREF="http://money.cnn.com/pf/features/money_fears/">money.com</A> about people's biggest money fears and what they really should be worried about.

"We all worry about money. Problem is, we're scared of the wrong things. Find out why your biggest money worries may be misplaced -- and start building an action plan for the events that should really concern you.

1. You die young
Real danger: You're disabled and can't work.

2. The stock market crashes
Real danger: Decades of mediocre returns.

3. The economy collapses
Real danger: The U.S. juggernaut stalls.

4 Your job is outsourced
Real danger: You're obsolete.

5. The housing bubble pops
Real danger: You're in over your head.

6. Your identity is stolen
Real danger: Your credit report is full of errors

Are these accurate and do you have a different fear?

[Dingoluv4eva]

Re: Biggest Money Fears - Are These Accurate?

yah these are all dangers.. but if u stay on top of things, should be able to avoid most of them.

I noticed a lot of magazines touting foreign investments..
I havent had the chance to really take a great look at them yet, and i bet most people out there havent either.

the idea is the US economy is gonna be stagnant giving not so great returns in the future.. and other countries economies like china etc..
will outperform.

so we should all put lots of money into their markets.
its almost impossible to research any company over there fully.. so there is lots of uncertainty.

of course if u want to make money, u want uncertainity. means more rewards if u're right, cause u'll be in on a lower level.

but also means risk. meaning u could lose your entire investment in some unknown foreign company.

so we shoudl trust our financial advisors to make the choice for us, but who really trusts them lol.

dangers are all too real.

[dealsaver]

Re: Biggest Money Fears - Are These Accurate?

Good post op. Number 1 is so true.