Skip to main content

Warning~soapbox

Life is about choices.  Some choices work in your favor, some not or what I would say was a bad choice and some hit you broad-sided. Why the soapbox?  It started with an article I read in the paper about a guy that made bad choices.  Why in the world would you buy a house in the low $200,000 refi for over $300,000 and use the money to buy a condo to "flip", then when you lose over $100,000 on the condo and owe more on the first house than it is worth expect the government to help you?  This guy was actually saying the government should help him within the "bailout" plan.  Looking for a hand out now his "great ideas" has gone south. The plan was not to bailout individuals that made bad choices.  It is to help our economy from falling to pieces.  

I understand some people have been broad-sided with the value of their home in the past year by simply buying a home.  No funny business like the guy above.  They owe more than they paid which is unfortunate.  A house is a LONG term investment and if you bought within your means you should be fine five to ten years from now. 

I am not saying that all foreclosures or the current home values are because of bad choices, but I think most are.  The big problem is NOT about the people that made bad choices, entirely. Unfortunate for the speculator that though they would make a quick buck off flipping.  Let me just say the guy above didn't have the money in the first place to do such a risking investment. The bigger problem is more about lenders lending to people that have BAD CREDIT! Why do these people have bad credit?  Well, some live above their means and then don't pay bills.  Then they apply for a loan that they can't afford and the lenders lent them money anyway. The banks expected these people not to default?  Now our government has to bailout the banks, not individuals that made bad choices.  

I read a great article about 10 more reasons you aren't rich. My personal favorite quote in the article is "You feel entitlement: If you believe you deserve to live a certain lifestyle, have certain things and spend a certain amount before you have earned to live that way, you will have to borrow money. That large chunk of debt will keep you from building wealth."  Note: debt will keep you from wealth not make you wealthy.  I added a link in my Favorite Sites.  It is a good read.  

I can't image the feeling of debt when I gets to be too much to even pay the minimum.  I know people go through tough times, but having money is an attitude.  Cutting back when necessary, spending on what you NEED, not feeling like we deserve more even when we can afford it, but especially when you can't.  I applaud my friend that is sharing a car with her husband. Kudo's to you!  Keep up the hard work!

I will step off my box for today because if I don't this will get extremely long.

Comments

Post a Comment

Popular posts from this blog

Top 10 Things I Don't Miss About Facebook

It has been 24 days since I changed my password and logged off Facebook. I have logged on twice to see if anyone messaged me and logged back off. Which I am glad that I did because someone messaged me about math tutoring. The only thing I missed was if someone had had their baby. I was interested to know and while I tried so hard to stay off Facebook I did search her name just to see if she had the baby. Then I thought if she did have the baby and I don't know then are we really friends?   We are not friends by the true definition, just virtual Facebook friends. Top 10 Things I Don't Miss About Facebook 1. Selling of Rodan & Fields, LuLaRue, 31, Ketones or Scentsy.  I like some of these products and support you 100% and hope you do well.  The multiple posts on your product daily but nothing else in your life, blah. 2. Bragging. I love to see pictures of your vacation, if it isn't the only time you are on Facebook. 3. Posting fake news. 4. Making a comment I ...
Post a Comment
Read more

One Word Can Actually Make a Difference

I choose not to work. I do understand that people don't have a choice and have to work outside of the home for a pay check to buy food and shelter.  One parent in my house must work. I also feel some don't really have to work and choose to work for luxury items.  I have talked to people that say there is no way they could be a stay at home parent and choose to go to work. Why do we as parents belittle each other in our choices.  Recently on Facebook (some say a necessary evil, but I think it is just evil) A parent commented   "...for the parent that actually works".  Wow, only one word makes that sentence sting.  I try not to let these words on Facebook hurt me or give them a second thought but I am a wordy person and I think about words.  The sentence takes a different tone if it was written, "for the parent that works".  The word "actually" implies negative things to those that don't work. For the parent that works I understand that a 30 ...
Post a Comment
Read more

180 Days

Oh sweet summertime, you are missed already.  One of my kids said that the school year is the beginning of a 180 day sentence.  Makes a mother with a teaching degree sad.  I love learning. I don't love the system of education and why I am not a classroom teacher anymore but I understand some of her complaints. I am the mother of a freshman in high school. At a brand new school. No one went to school there ever until a couple of weeks ago.  I told her the first couple weeks could be hard. The plus to being a freshman in a new school is that it is new to everyone. I knew that even though the building cost 75 million to build that things were not going to be ideal.  Boy was I right, I don't always like being right. Some things are a mess.  Some things are getting better each day.  There are things I can not understand and probably will never understand.  Even as a parent that has been a classroom teacher with two degrees in education I can't make...
Post a Comment
Read more