« Are You An Active Investor? | Home | What’s an Investment anyway? »
Debt and Money Management Skills – How do you compare?
By jmh | June 30, 2006
I hope you and I fare better than our government! It is common knowledge that the United States of America has an amazing amount of national debt – no surprise there. But do you realize just how much debt we as a nation have? Check out this webpage – it’s one of the National Debt Clocks – and read on.
Frightened yet? I am! The dollar amounts listed on this page are staggering. Truth be told, I don’t even know how to count to these levels! Will we ever be able to correct this situation? Will we ever catch up with overwhelming amounts of interest payments alone? Or will be simply leave this “legacy” to our children?
So, our government has problems with credit?! Could there be a correlation between the countless numbers of American citizens with credit problems and our government? Obviously, either camp overspends: too much money going out and not enough money coming in. When you think about it, it’s really a simple calculation!
Live within your means. Spend less than you earn, or, figure out how to increase your income so that you can spend all that you like. Either route will work - it’s up to you!
Tags: Credit, My Financial IQ
Topics: Credit, My Financial IQ |
Comments
You must be logged in to post a comment.