Eben Pagan has started the launch of his Self Made Wealth program today and you are sure to hear a lot about it in the next few weeks.
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Eben is tacking a topic close to my heart as I look at what a frightening mess the Western world economies are in.
In the UK, personal debt is at frighteningly high levels as people have habitually maxed out their credit cards on the idea that you can buy now, pay later.
At the same time it's said that the government is having to borrow £1 for every 4 pounds it spends.
Life like this is unsustainable and at least in the UK, the government is acting responsibly, cutting back on expenditure and increasing taxes to at least reduce the annual spending deficit. the last government campaigned to cut back the annual deficit to 50% by the end of the next five year parliament.
That's like the MD of a struggling company saying to the bank that in five years time, instead of losing £100,000 a year, they hope that actions will reduce annual losses to £50,000.
It just wasn't good enough but public spending cuts and tax rises are unpopular... very unpopular.
At least in the UK, a deficit reduction plan is in progress before the financial markets have freaked (think Greece and Eire) but what is happening in the US?
No sign of cutbacks yet.
I think it's really scaring but we can only get out of it by taking personal responsibility.
Programs like Eben's Self Made Wealth help you to do exactly that.
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