I feel like I’m going all “Dave Ramsey” on you people, but debts are serious business. Debts put us into a position of weakness by owing money that we currently do not have. While there are legit reasons to take on debt, the majority of Americans accept these financial weaknesses too freely. Debts are big … Continue reading The only two reasons to go into debt – ever!
I will admit that, once upon a time, I gushed over nice looking, expensive cars. In high school, when I saw some impeccably maintained BMW M-series or Porsche rolling down the street, I’d look. And maybe gawk. I’d take in the sound of the engine note like a true “connoisseur”. To say that I was … Continue reading Why your $80,000 car doesn’t impress me any longer
It is no secret that the spending habits of traditional Americans are not all that pretty. Way too many Americans find themselves in a position where retirement seems like a lofty goal only accessible by either the old or lucky, and that most people – including them – are “regular Americans” just trying to get by in a harsh and unforgiving economy.
Sadly, this poisonous thinking keeps way too many Americans accepting their 40 to 50-year
jail office sentence. But in truth, the only elements of spending and saving that are harsh and unforgiving are the things that Americans insist on blowing their money on – or in other words, discretionary spending.
In 2009, Americans spent a whopping $1.13 trillion on this type of spending. First world problems, anyone?
A recent ConsumerReports.com study offers up a sad graphic that depicts American foolishness with money quite well. How are Americans actually spending their money? Good question, and I’m glad that you asked. Continue reading “Runaway credit destroying American retirement”