Runaway credit destroying American retirement

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.

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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”

Is that Starbucks worth another decade of working?

During my [now old] commute into work every morning, I rode by a Starbucks coffee shop whose drive-through line would not only wrap around the building itself, but out into the main road.  Every morning, drivers line up outside of Starbucks anxiously awaiting that $5 to $6 cup of coffee only to commute to an office or work place that likely already has coffee available. Continue reading “Is that Starbucks worth another decade of working?”