I ran 3 miles today at the gym after training my client Donald so there is nothing too spectacular to say about my run. Although, I can tell you D is one of the most inspiring people that I have met in my life. The man is a driven 63 year old, in amazing shape and hilarious. All things I wish to be when I am his age. I could talk about him for a while but I wanted to talk about something else that has been ruminating in my brain. Finances and the government.
If you didn't know already, our economy is in rough shape. Many people say that they think we are heading for a recession, 2 consecutive quarters of negative growth, but it has already hit. There are reasons why we are going into a recession.
Ok why? Why would a economy go sour? Well our country is relying too heavily on credit and spending outside of their means. Way too many people are buying things on credit and holding insane debt. Yes it is nice to have that huge plasma display, or that new Iphone or the newest clothes from the most expensive brand but if you can't afford it then don't buy it. It is funny because the same thing is happening with the government which is actually contributing to our recession and devaluing our dollar.
The government gets money from taxing the common man (and don't tell him what they spend). Then the government pays for Social Security, Medicare, the department of education, homeland security, national security, the war on Iraq, the list goes on and on. Think of it like this, the government goes into a mall and sees the newest gadgets, the newest clothes, books, weapons and decides they want it all. But, they don't have enough money. So, the government prints (in essence counterfeits) money and barrows it from foreign countries like China and the oil owning Middle East. By printing more money that they don't have, the government devalues the working man's dollar, and the retired ladies savings (inflation also eats away at savings). This leads the working man to either work harder to buy what he wants, buy what he can't with credit and encourages people to save less (put 2,000 dollars in a bank with 3% interest and it will be worth less in 20 years). Know I understand why so many people are so financially ignorant. Come on our government is leading us by a horrible example. Please don't be financially ignorant like the government. Ask people and you will save yourself from a life of misery. If you also don't like the fact that the government takes our money and doesn't tell us where it goes and devalues it, you should look at Ron Paul's issue on the economy. He is the only candidate with a smart plan for our economy.
If you didn't know already, our economy is in rough shape. Many people say that they think we are heading for a recession, 2 consecutive quarters of negative growth, but it has already hit. There are reasons why we are going into a recession.
Ok why? Why would a economy go sour? Well our country is relying too heavily on credit and spending outside of their means. Way too many people are buying things on credit and holding insane debt. Yes it is nice to have that huge plasma display, or that new Iphone or the newest clothes from the most expensive brand but if you can't afford it then don't buy it. It is funny because the same thing is happening with the government which is actually contributing to our recession and devaluing our dollar.
The government gets money from taxing the common man (and don't tell him what they spend). Then the government pays for Social Security, Medicare, the department of education, homeland security, national security, the war on Iraq, the list goes on and on. Think of it like this, the government goes into a mall and sees the newest gadgets, the newest clothes, books, weapons and decides they want it all. But, they don't have enough money. So, the government prints (in essence counterfeits) money and barrows it from foreign countries like China and the oil owning Middle East. By printing more money that they don't have, the government devalues the working man's dollar, and the retired ladies savings (inflation also eats away at savings). This leads the working man to either work harder to buy what he wants, buy what he can't with credit and encourages people to save less (put 2,000 dollars in a bank with 3% interest and it will be worth less in 20 years). Know I understand why so many people are so financially ignorant. Come on our government is leading us by a horrible example. Please don't be financially ignorant like the government. Ask people and you will save yourself from a life of misery. If you also don't like the fact that the government takes our money and doesn't tell us where it goes and devalues it, you should look at Ron Paul's issue on the economy. He is the only candidate with a smart plan for our economy.
