Melissa wrote on Oct 8th, 2011 at 1:53pm:Many of our generation, and I'm sure those older and younger, have been taught to believe that we need to incur debt in order to succeed and be secure in our lives. The politicians exacerbate this process to the 10th degree with the social welfare programs, bailouts, etc.
i think you hit the nail on the head right there. my parents were in debt after my younger brother almost lost his arm in an accident. the surgery and resulting hospital bill crushed them financialy, for years. naturaly, i always viewed any kind of debt as evil. when i was working for the university of florida, i would buy a snake or lizzard every week. it didnt really matter what it was, as long as it was something i thought i could sell later. it wouldnt cost much, maybe 20-30 dollars, money i never could seem to save otherwise. i would go to the local flea market and find a cage for them every weekend. after about a year, i had quite a collection going on, enough open a booth at the flea market on weekends. i had spent a year building inventory, experience, and business connections. business built up quick once everything was set up, go to supplier on thursday, feed the animals, set up friday night, and sell animals on saturday and sunday. i pretty much turned the whole thing over to my parents when i joined the army. the flea market pet store was doing great, made about as much money on the weekends as i do in a month. business was so good because there was so much foot traffic in the flea market each weekend, and plenty of repeat business because we sold all of the feeder animals as well. im still not entirely sure why my parents gave it up...
the point to the story is that
there is almost always a way to achieve your goals without borrowing money. one of my goals is to buy a piece of land, at least 10 acres, without taking out a loan. it will be in cash and i will find a way to do it within the next three years. my next goal after that will be to put a house on it and have it paid off before i am 35.
my wife is currently building up stock for an online business the exact same way i did, piece by tiny piece. it is costing us barely anything, and in a few years we will be able to start selling and making an income off of it.
why not? time is just going to pass anyway.
these are the lessons i will be teaching my daughter. maybe i cant change all of america, but i can teach my children how to make the best of the freedom we are given.
who knows, maybe we can all change america, one lesson at a time.
This is the governments problem in bold. Whenever politicians need money for programs, wars, bailouts, etc., they get their money from the Treasury. Where does the Treasury get the money from? From the Federal Reserve. What does the Federal Reserve do? They "print" more money because there isn't enough in circulation to cover the costs. What then happens to the dollar? It loses it's value because there's nothing backing it up like a gold standard. BTW, the Federal Reserve is supposed to be an independent entity and yet our Constitution deems Congress to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;", and yet Congress can't even attend a Federal Reserve board meeting? WTF??
BTW, you are wise in wanting to pay cash instead of accuring debt. Unfortunately, our government is NOT.
Also check out this inflation calculator. Plug in $1.00 in the year 1913 and compare it with last year. Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to