I’m sure many of you reading this right now have come to learn that this fact “Debt Equals Slavery” is true. This economic crisis, recession going into depression…whatever you would like to call it has not just woken up a lot of American’s but people all over the world.
Interesting how jobs are being loss at record pace which means people do not have money to spend or live, but when you watch certain U.S and Canadian government reports…they try to paint a rosy picture.
Wow…the American stock market has been on a wild ride in the recent weeks or so. There were days where the dropped more than a few hundred points, and dipped below the 9,000 point mark. Very, scary stuff. With the U.S needing more than $700 billion of tax payers money to bail these financial companies and banks out of trouble, it leaves a lot of questions unanswered.
Here are some of the questions and comments that I have:
The economy is in bad shape now and layoffs keep rising, now millions of families must take steps to sort out the household balance sheet by cutting as much expenses as they can. What bugeting does is help you identify what you are spending and where to decide how to cut back.
As defined by Wikipedia:
Affluenza, – painful, contagious, socially transmitted condition of overload, debt, anxiety and waste resulting from the dogged pursuit of more.
and
Affluenza – 1. The bloated, sluggish and unfulfilled feeling that results from efforts to keep up with the Joneses.
2. An epidemic of stress, overwork, waste and indebtedness caused by the pursuit of the American Dream.
3. An unsustainable addiction to economic growth.
Dave Brook is not a scrooge, but while visiting his friend in another town last week he sure felt like one. The 43-year-old sales manager didn’t like the idea of dining at a fancy steakhouse, where a sirloin can set you back $40. Instead, Brook suggested a less expensive place to his friend. After the dinner there was a feeling of awkwardness between Dave and his friend.
What is true luxury to you?
If you think the luxuries in life is a 42 inch flat-screen TV , a Rolex watch or a leather-upholstered Mercedes…well think again. Lifestyle in other parts of the globe can teach North American’s more about the true luxuries in life. In the current economic conditions, we could learn a few things about luxury from the Finns. Walking down the streets of Helsinki, the capital, you may notice a lack of grand architecture and extravagant homes, and lots of modest cars. Helsinki is a nice city, and it has some gems of modern design, but to the “more is better” brainwashed North American’s that are so use to tall skyscrapers and seeing fancy BMW’s and Mercedes on the streets all the time, Finland might seem a bit dull.
Here are a few tips to hunker down and save like crazy.
Consider these extreme money saving tips to cut your grocery bill down to under $7 a day.
Take saving money to the next level.
A lot of people are suffering and struggling through the worse recession since the last great depression. All over the United States, Canada and abroad people are losing jobs, homes and wondering where their next meal is coming from. Below is just one example of how the lives of the struggling are unfolding.
With the way the economy is right now, and the job market so uncertain I think a lot of people are holding off on making big ticket items. As for myself, there are two products I specifically want to purchase…a 42 inch LCD TV and a computer for my Hackintosh project, but will wait until the company I work for make its decisions on laying off more people…so there is no sense in buying a large screen LCD TV to find out later, the company is letting go employees, that would just not be financially prudent. Even if my company doesn’t let me go, I think I may still hold off until Christmas or early next year to make my big ticket purchases.
Looking at the my FireFox browser, which default homepage is Yahoo, I can see clearly the the swine flu outbreak has taken over the headlines. When, I go to other other websites like MSN and even to my local area news websites like the Toronto Star, it’s always on the front page and this reminded me of the S.A.R.S incident back in 2003 where Toronto and Hong Kong was affected hard.
Don't forget to bookmark or LINK to this site! (CTRL-D)
Learn to pay off debt, save money, spend wisely, invest and trade stocks and options at MoneyAccumulator.com
You are currently browsing the archives for the Money category.
Back to Home Page
MoneyAccumulator.com
