Facebook is stealing your money. There I said it. The site where you go to check up on friends and family is one of the biggest reasons why you will never be financially independent. Heck, it’s the reason why you won’t even be financially comfortable. If you are a regular user on Facebook, the odds are stacked against you that you will be financially independent.
Some reading this might be taking offense. You’ll tell me that you are on Facebook all of the time and you are doing fine financially. But are you really? Do you have zero consumer debt? Do you follow a budget to keep spending in check? Do you have at least 6 months worth of living expenses in an emergency fund? Do you max out your retirement accounts each year? If you answered no to any of these questions, then you aren’t in of good financial shape as you think. [Read more…]