A survey by New York-based mutual-fund company Scudder, Stevens & Clark confirms that baby-boomers are pessimistic about their ability to achieve a secure retirement. And most agree they don’t know what they’re doing when it comes to saving and investing money.

The mutual-fund company concludes that their industry has done a thorough job of scaring Americans to death…and instead of taking action…a large portion of this generation is just putting up their hands and saying they can’t do it.

While scolding doesn’t make baby-boomers defer gratification, because they’re so oriented to the present, the solution is easy to swallow. Building financial self-esteem is as simple as putting $50 a month into a mutual fund.

Baby boomers should learn how to barter, generate more cash flow and invest the money…
Barter

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