save it for a rainy day

Ever heard that old saying, “a penny saved is a penny earned”?  One of the many things attributed to Ben Franklin… but it seems our society needs a history lesson on saving money.  Why?  Because the art of saving money is at a low that hasn’t been seen in 74 years, not since the great depression.  We are spending money like it is going out of style and not paying any heed to what the future may bring.  Why do you suppose that is?  They tell us the economy is strong, but more and more people are dipping into what was supposed to be set aside for retirement so in reality savings for the future is on a decline.

Our society continues to live like there is no tomorrow so why should we save money?  Chances are we won’t be around to spend it, or some undeserving relative will get their hands on it after we’ve gone so let’s get it while the gettin’s good seems to be most peoples philosophy…  and that’s kinda sad.

We are a nation of debt.  The little stock market plunge yesterday shows that we are not even masters of our own dollar.  China, that insignificant country of just a generation ago, now seems to be a major player in the strength of OUR economy.  How did this happen?

Years ago our government thought it was a good idea to allow foreign entities to own America.  Not all at once mind you, just bits and pieces at first.  Land, companies, mineral rights, and the national debt all open to the foreign market.  If they want to, they could over take the most powerful country on earth, not by military force… but by bankruptcy.  Seems weird to me,  all the resources we have being pilfered away because of a general lack of concern for the future.

I know there is a lot of talk out there about building a stronger and safer America, but we are a nation living on credit card debt.  No matter how much we pay in interest, the balance remains the same.  Our expenditures are exceeding our income and more people are taxing the system.  We need to rethink the structure and the people we are indebted to… start saving for a rainy day.  Because like we used to say in Iowa, if you don’t like the weather here, stick around… it will change.   

And it will rain one day.  We need to be prepared to take cover…

(and scroll down)

peace.

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2 Responses to “save it for a rainy day”

  1. freevolition Says:

    Sad to say, but we are living in a fiat empire. There is absolutely NOTHING of intrinsic value backing the US dollar anymore; not silver, not gold… absolutely nothing. Need more money? The Federal Reserve Bank justs prints more of it.

    Here is an informative documentary video on the topic. -> http://video.google.com/videoplay?docid=5232639329002339531
    Be warned, it is quite lengthy, but well worth the time spent to watch it.
    I wish every American were more informed on this topic.

  2. Sarah Says:

    I know what you’re saying… I work at an escrow company, so I see everyone’s money situation. People are taking out HELOCs to pay off 20, 40, 80, I’ve even seen 120 THOUSAND dollars worth of credit card debt. And yeah, interest rates on home loans are better than for credit cards, but people think that since the loan comes from equity they already own in their homes that it’s free, somehow.

    And now real estate is getting so expensive in some areas that they’re starting to offer 40- and 50-year mortgages for people who can’t make the payments on a conventional 30-year mortgage–what?

    Like I said, I know what you’re saying…it’s pretty bad, and it’s all from ignorance. In middle school, they taught me how to use a sewing machine, but not to balance a checkbook–wtf? I had to learn that from my dad. But what if my dad didn’t know how to manage his money? Where would I be?

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