|
Great posts! Financial ignorance seems to be the norm; sometimes I think people don't want to know the truth because it might interfere with the joy they find in high living.
It used to be that people's spending was limited by what they earned, but now it's limited by what they can borrow and the amount often seems infinite. We live in a nation that rewards consumerism of big houses, new vehicles, cutting-edge electronics and exotic vacation destinations and it's all made possible by spending more than is earned. The average American household has $9,000 in credit card debt alone. Even the Federal government can't contain itself, having amassed a debt of $9 Trillion. That's $30,000 for each person in the U.S., and the debt and spending grow larger each year because Congress wants to help us with our problems. Go figure.
Live simply, save and don't worry with what the neighbors think.
__________________
2006 SE CC 4x2 6-Speed w/Power Package & ABLS, Red Brawn
Last edited by FitzIngarage : 04-08-2008 at 07:52 PM.
|