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Archive for the ‘savings’ Category

Pessimistic Outlook: US Government Is Broke(n), It Will Never Be Fixed

22 Mar

I remember when Katrina hit the south back in 2005. I followed the hurricane tangentially. It didn’t  hit me until the news media started calling American citizens “refugees” that I realized how bad it was.

I had a conversation with friends afterward, and they were surprised by the gross incompetence of the local, state and federal government. I looked at them, wanting to know: Where have they been the last 5-to-30 plus years? Haven’t they noticed that the US has been in a slow and steady decline since the inflationary, decrepit, corrupt and stagnate 1970′s?

Despite the celebratory big-talk of the Reagan years, I would say that when he helped usher in the we’re-going-for-broke-sorta-war against the country formerly known as the USSR, it would likewise take us down. When the government decided to have a mano-a-mano battle with the USSR, it drained a number of internal well-thought-out strategies for keeping our country whole, solid, and well functioning with it.

A rising stock market doesn’t contrast well against jobs that evaporate from the industrial US to overseas. A rising top 1% making more money than ever doesn’t contrast well against white collar jobs that evaporate from the service economy to overseas. A society cannot survive on consumption alone, it must make durable goods as well.

Every job lost is a tax payment lost. Every job lost is a Social Security payment lost. Every job lost is a Medicaid/Medicare payment lost. “Economists” love to say that the loss of a US job to someone overseas due to slave wage labor is something we benefit from, because we can purchase “cheap” goods. I wonder why they never mention that lower paying jobs here mean people could only afford cheap goods, buy less higher-end products, and contribute less to the taxes that are necessary to keep the US afloat. It is no accident that to finance its grand entitlement schemes the US is borrowing nearly every dime.

In the future, when good and excellent historians look at this country, they will draw a line from whatever took place in this country in its attempts to keep its supremacy, and what it lost in the balance. The founders had it right: let’s mind our business, and stop trying to micromanage the rest of the world.

A man fighting fires in other people’s houses will not notice that his own home is burning down to the ground.

9/11 didn’t happen due to any conspiracies within the government. It happened because of gross indifference, incompetence, and negligence. Bureaucracy exists only for the bureaucracy. It took over 40 years for that to happen. It will take another 30 plus years for the country to entirely collapse.

In nearly every facet of our lives, if it’s not Corporate America, then it’s an officer, agent, or bureaucrat of the government(s) watching, spying, monitoring, and cataloging everyone. Everyone is “guilty” of everything. Everything is illegal. Everything is restricted. Every time a “crime” occurs the sheeple request more interference, monitoring, and watching. I bet no one feels “safer” either.

Nothing improves, and nothing will improve.

9/11 put the icing on the cake for the totalitarianism this government has always wanted to embrace and deploy. A permanent war with no ending. The never ending battlefield encapsulates the entire country. The US Constitution can be ignored, suspended, and deemed irrelevant. Travel has the same atmospherics as being in a prison. Yet somehow, millions of illegal aliens can easily enter the country.

We are a prison(er) society. We will be in a state of martial law, until foreign governments stop purchasing USA debt, the country collapses under the weight of illegitimacy and stupidity, or deliberate ignorance of basic governance, fairness, due process, and economics. Take your pick.

We are told that things are getting better, but they’re not, and they wont. We’ve reached the turning point, and since the country is already flying over the cliff, there is no going back. We’re waiting for the impact once we hit bottom.

The difference for me is that I used to care. Starting today, I don’t.

Prediction

They will come and confiscate your savings and all other assets, and they wont need a reason. You can count on it. There’s nothing restraining the jackals in DC.

 

Ask Yourself This Question

03 Mar

Are you a grasshopper or an ant?

In this economy, even if you are in the majority who are working, or the significant part of the population that is not, it is never too late to prepare.

It is not hard. For every purchase you make: set aside money, buy a few extra cans of food, water and emergency supplies. You only want items that will last for the long haul. Keep a notebook as a checklist and write down the date and cost. You don’t need to go crazy, just be methodical.

Stop buying things that you quickly dispose of. You might as well be setting your money on fire.

Cutting back doesn’t have to be painful or indicative of a life of penury. You are preparing yourself to cushion through hard times, natural disasters and man-made disasters. You are preparing yourself to not worry and have a good nights sleep.

There are things that worry you, then make a Top 5 list of them. Find a way to solve them one by one. Give each a deadline.

Get to it. Save yourself.

 

Cutting Spending and Saving Money

15 Jun


I am a spendthrift. Money burns a hole in my pocket. Currently, it is an incredibly deep hole. The philosophy to follow when one is in trouble is to stop digging.

I will stop, and find a way to climb out of this hole. I have to organize. I used to be so proud of being a hustler. I don’t know what’s been going on my head for the past few years. I’ve truly lost track of myself.

Short term goals:

1. Track spending: write down what I spend.
2. Limit my spending.
3. Save weekly what I did not spend.
4. Create additional income.

I don’t follow a budget. I do track current balances, and know where the money is going when fixed bills are due.

I will get more anal, and detail every single cent I spend every day. It’s like being on a diet. I may not like it for the short haul, but over a period of time it works (at least for me).

I’ve been looking for ways to save money. I wont know where to cut until after I’ve studied my spending journal. My gut (har-har-har) tells me I spend too much on food and entertainment. Yet, there is only so much I can cut back in those areas.

I have an investment account I emptied out. Last week, I started squirreling money back into it. Initially, it’s not much. It’s the equivalent of money I spent daily on coffee per week. Later on, I will double that amount.

Last, but not least. I have to look at where to increase my income. I’ve got too much month, and not enough money.

 

Your Money or Your Life

28 Dec

Your Money or Your Life, is the non-fiction book by Joe Dominguez and Vicki Robin. It describes in a no-nonsense, hype-free manner, the step-by-step way to transform a life full of debt without direction to one of financial freedom and limitless possibilities.

It is not a get rich quick book. To me, it is a how-to on thriftiness, frugality, being poor (not really) and loving it. However, they answer a universal question (well, my universe): Where do I get the time and money to follow a few dreams? The authors flip a number of because-that’s-the-way-it’s-done on its head.

Freedom from debt is the goal. The solution they offer, goes up against a lifestyle of consumption, debt, and scrambling to keep up with the Joneses. Debt is a ball and chain. If it becomes big enough it distorts most decisions made in life.

I’ve read the book several times, it is one of the few I have dogeared. Most books I read are so pristine they look new. I’ve read (and still read) it religiously, but honestly, I am unable to follow all of their advice. In some areas, I can, but the whole kit-and-kaboodle? Nope.

Trying to manage my spending is like trying to watch my eating – it’s an eternal diet. I’ve tried to record my eating and spending. After a while I just forget (fatigue of trying) to tally every penny spent and every bite taken. I can follow most of the goals and hurdles set forth: it is the last steps that I can’t handle.

Your Money or Your Life, is great at emphasizing how to take back control of your life. It’s fantastic for all areas of any sort of money management you desire to follow. Get a different job, a change of “career”, move to a dream location and just be ready to make sacrifices.

It’s an excellent book because of that reason alone.