Wednesday, December 10, 2008

Pennies from Heaven

One of the early morning talking heads just gasped that it is going to take 900 billion dollars to bail out the economy. I disagree: it's going to take far more than that because there are some things that money cannot buy.

It's called a paradigm shift: do not buy what you cannot pay for. Don't use a credit card if you don't have the money to pay the bill when it arrives. Save for a rainy day. Be willing to settle for what you can afford, rather than demanding that which you cannot afford.

And, above all, don't expect ANYONE to bail you out when you make bad decisions that are your sole responsibility. You wanted it; you got it; now deal with it.

Believe it or not, there is no money tree in the backyard and no pennies raining down from heaven. It's all about you, how much you earn, how much you spend. If you spend more than you earn, you're going to end up in the poor house; unfortunately, today that means living with mom/dad or standing in line at the homeless shelter.

And, yes, it is YOUR fault!

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