- comment
Anne42pt2 - body
- I like this post.
Just because someone will lend you money for the expensive thing you think you want now, doesn't mean you should buy it. There is such a thing as saving for what you want to buy in the future. There is no "easy" credit.
Just because someone will give you another credit card or a mortgage with no money down on it doesn't mean you should take it.
Every Christmas, I cringe at how the luxury car commercials that offer great terms to "highly qualified buyers" are really encouraging some people to buy irresponsibility and impulsively to impress. Hey, I'd do the same thing if I were selling a luxury product. But I also realize that what those ads refer to as a highly qualified buyer probably doesn't need their financing. Most of us should buy a less expensive car without a hood ornament and invest what we save on the deal.
If only more people would live by a few simple rules, feed their retirement accounts first before they buy their big screens, not treat equity in their home as if it is actual money in their hands, and invest wisely once in awhile, then we'd be a nation full of difficult candidates for predatory lenders and the like. There would have been no such scandal in an America awash in common sense and self-discipline.
- comment Spank That Donkey
- body
- Should we ask Govt. to adopt these same habits?
or is that heresy?
- comment Anne42pt2
- body
- Oh, indeed, we should, Spank that Donkey!
But responsibility begins at home. With individuals. If we all tried to be a little more responsible on a micro scale, we'd probably be asking tougher questions of our politicians on a macro level. Like how on earth are you going to pay for X or Y program, really? (And do we really need X or Y program in the first place?)
We've grown a bad attitude in America. A really sick attitude of entitlement. That attitude is not what made us a great country and if it persists, I fear it will be our downfall.
3 Comments:
Just because someone will lend you money for the expensive thing you think you want now, doesn't mean you should buy it. There is such a thing as saving for what you want to buy in the future. There is no "easy" credit.
Just because someone will give you another credit card or a mortgage with no money down on it doesn't mean you should take it.
Every Christmas, I cringe at how the luxury car commercials that offer great terms to "highly qualified buyers" are really encouraging some people to buy irresponsibility and impulsively to impress. Hey, I'd do the same thing if I were selling a luxury product. But I also realize that what those ads refer to as a highly qualified buyer probably doesn't need their financing. Most of us should buy a less expensive car without a hood ornament and invest what we save on the deal.
If only more people would live by a few simple rules, feed their retirement accounts first before they buy their big screens, not treat equity in their home as if it is actual money in their hands, and invest wisely once in awhile, then we'd be a nation full of difficult candidates for predatory lenders and the like. There would have been no such scandal in an America awash in common sense and self-discipline.
or is that heresy?
But responsibility begins at home. With individuals. If we all tried to be a little more responsible on a micro scale, we'd probably be asking tougher questions of our politicians on a macro level. Like how on earth are you going to pay for X or Y program, really? (And do we really need X or Y program in the first place?)
We've grown a bad attitude in America. A really sick attitude of entitlement. That attitude is not what made us a great country and if it persists, I fear it will be our downfall.
Post a Comment
Home