Five Steps the US Government Needs to Take—and So Do You—to Ensure Fiscal Security for Life

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The financial situation of the United States has taken a dramatic turn—and so has the situation of many of its citizens. As we approach the 2012 presidential election, Lloyd Lowe Sr., founder of LD Lowe Wealth Advisory in Dallas, Texas, offers five tips to politicians and voters alike on how to build the bridge to fiscal comfort and financial security for life.

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LD Lowe Wealth Advisory ranks among the top registered independent advisors in America. - Investment News

Lloyd Lowe Sr. is the founder of LD Lowe Wealth Advisory in Dallas, Texas, and has been recognized by Investment News—who ranks LD Lowe Wealth Advisory among the top registered independent advisors in America—and by Ed Finn, editor and president of Barron’s magazine, who says, “The work these independent advisors do and their influence will only increase as the nation’s Baby Boomers plan for retirement and all Americans nurture their portfolios and husband their businesses through difficult times.”

Lowe offers the following five tips to politicians and voters alike on how to build the bridge to fiscal comfort and financial security for life:

1. Spend less than you earn.
In only four of the last forty years has the US government’s spending been less than its intake—from 1998 to 2001. The tables have turned and the government is spending more than it earns from taxes. Everyone has an opinion on whether to raise taxes, cut spending, or both, but somehow the budget will need to balance once more.

2. Stick to your budget.
A budget is meaningless if you forget about it or decide to throw it out the window as soon as temptation rears its ugly head. Surprise expenses arise, from natural disasters to an unexpected car repair—but that’s what savings are for. So plan out your budget and then stick to it.

3. Pay off debt.
It doesn’t matter whether you’re borrowing from China or from Visa: the only way to effectively manage debt is to pay it off regularly without increasing it. This means that when you’re developing a budget to help you spend less than you make, you need to be sure to factor in regular payments of your mortgage, credit card, and other debts.

4. Contribute to retirement.
The United States has something in common with many baby boomers—they didn’t prepare for retirement. As retirees begin to outnumber those paying into Social Security, the government will continue to spend more and make less. If you can afford to, add contributions to a retirement fund to your budget. If you can’t, pay off those debts, then funnel those regular payments into your nest egg.

5. Invest.
To the average consumer investing looks almost like a lottery, without the benefits of actual randomness. But you don’t have to dabble in day trading to make it happen; a few long-term investments traditionally will pay off. As for the government, any expenditure is an investment, whether it’s funding for the military (for our safety), for education (for our children), or for infrastructure (for jobs and the economy).

For more advice and further information on these tips, visit

About the Authors:
Lloyd Lowe Sr. and Ethan Bonar work together at LD Lowe Sr. Wealth Advisory, which has offices in Dallas, Frisco, and Arlington, Texas. Both are certified senior advisors and registered financial consultants, as well as coauthors of the book “Life’s Bridges: Building Your Bridge to Financial Wealth.”

About Brown Books Publishing Group:

"Life's Bridges: Building Your Bridge to Financial Wealth" was published by Brown Books Publishing Group, a Texas-based independent publisher. For more information about the publisher, please go to

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