FSI Institute Announces a Cure for Financial Illiteracy Rampant in the Middle Class

Many professionals are discovering what it feels like to be broke at a higher level. Regardless of the recent elections, more tax breaks for the middle class only provides a band-aid, and it will not fix the problem. Only education will provide the cure to financial illiteracy. Taking control of ones financial situation is the key to becoming an empowered investor and making wiser financial choices that can create a legacy for ones family for generations to come.

Los Angeles, CA (PRWEB) November 16, 2006 -- FSI Institute is a unique company, which is announcing a cure for middle class financial illiteracy. It was created based on enlightened principles with the intention of empowering smart investors to make wiser financial choices. While the Institute does not discriminate, its mission focuses on educating women, who tend to struggle financially more than men. The key to building wealth and creating financial freedom is creating passive income.

Is it a wise idea to put all of your eggs in one basket…especially when you're not the one holding the basket? Many professionals, such as doctors, lawyers, engineers, professors, and accountants have incomes higher than the national average. However, they fail to ask one critical question. What would happen if they could no longer perform their role? What happens to that income?

Many members of the middle class are discovering what it feels like to be broke at a higher level. They spend their money on things that create more expenses, which means they have to make more income to pay for these expenses. It is a financial trap that many never escape. It is a vicious cycle that has led some to foreclosure and bankruptcy.

In the recent elections, many expressed excitement at the results. "More tax breaks for the middle class" many said. But what they fail to realize is that this is a band-aid, and it will not fix the problem. How can it, when most people will take that tax break and spend it on a liability that will create more expenses, for example, a newer car that will create a higher car payment. Only education will provide the cure to financial illiteracy.

"Spend less than you earn, and invest the difference in true assets that will create passive income," says Aneshia Smith, a published author, who has been investing and trading in the stock market on her own behalf for more than seven years. "It does not have to matter that on average, men earn more than women in comparable positions. Focusing on making the best choices with your money is what matters most," states Smith.

Smith is also a stock market trainer at FSI Institute. She states "I believe in empowering people to take control of their financial future." And she admits "I have nothing against using financial advisors. However, I will say that trusting your financial advisor to select your investments without understanding why is like gambling in Vegas, only now, your family's future is on the line, not just the cab fare to take you from the casinos back to your hotel."

Many individuals use financial advisors because they are fearful of directing their financial situation. They are encouraged to remember that it is not their advisor's money, and that no one will manage their money like they will.

For additional information on this subject matter, contact the director of public relations at either of the numbers below, or log on to http://www.fsiwallstreet.com.

About FSI Institute:

FSI Institute is a training company, providing coaching, seminars, and supporting materials to those who want to take control of their financial future. The Institute specializes in stock market trading and investing and addresses the needs of investors with both short term and long term goals.

Contact:

Director of public relations
Freedom Smith International, Inc.
Home of FSI Institute…Guiding Independent People to Stock Market Freedom
404-824-1142 (Atlanta)
818-288-2843 (Los Angeles)
http://www.fsiwallstreet.com

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