Obama Educates His Children About Finance
The AFP and ABC News have a puff piece about Obama eyes babysitting duties for daughters. Implying somehow Obama still lives a regular life now that he’s president. While I commend that he is trying to educate his children on how to manage money, I also find it ironic based upon his government spending policies. It’s kind of like asking a drunk about how to quit drinking. So I’m in full compliance with FinReg, I believe Obama’s monetary policy is Jimmy Carter part deux. So take my opinion as somewhat biased.
I too think it’s important to teach children about money, and not rely on our public education system for any insight. During the interview on how the financial reform law will help the general public, the topic wandered into the financial education of his children.
Learn MorePayday Loans VS. Loan Sharks
The Huffington Post recently had an article about Payday lenders leaving Arizona. In their usual left leaning slant the article was cheering about these companies were leaving the state, and how awful they were preying on people to take out loans. Which got me thinking about what exactly is predatory lending anyway? Is the lender stalking you, forcing you to sign that loan for a paycheck you don’t have yet? Are they putting the proverbial gun to the borrower’s head making them take out the loan? Common sense says of course not. It should go without saying getting a payday loan is bad money advice! If I must resort to using payday loans to support my existing lifestyle, I need to cut back or make additional income. It’s not uncommon for a payday loan’s effective APY to be over 40%! Some people do use these loans because of emergency purposes, which in my opinion is fine, and was the original purpose of these loans. Is it the fault of the lender that the individual keeps coming back to use their service?
Life Isn’t Fair. Now Get Over It.
Lets deal with one of the more common realities of life. If there isn’t an axiom more self-evident than that life isn’t fair. It never has been throughout the history of mankind, nor will ever be. No matter how much others try to make right with what’s wrong in the world. Life will still be unfair for someone somewhere. In addition, what others made right for one group, could very well “wrong” another group in the process.
Once you realize this yourself, you’ll lead to a much happier life. Unfairness is what makes everyone unique. It makes you different than anyone else. You’ll stop asking why are they richer than me? How come my child is awful in sports? You won’t be asking for government intervention to fix what’s “broken”. Yet we constantly ask our politicians to help fix something that directly affects us in life because it’s unfair.
Learn MoreA US Debt Limit that’s Unlmited?!?
Why have a debt limit if you can keep raising it? The United States House of Representatives just approved the debt limit by $ 1.9 TRILLION. Yes you read this correctly. We are expected to borrow $1.6 trillion this year from…somewhere. Your Uncle Sam can keep ringing up the credit card charges to a total now of $14.3 trillion. Bring out the party favors, and let’s celebrate like it’s 1999. Isn’t the point of a limit to mean things should stop once you reach that point? I see all of these personal finance blogs about getting out of debt and reducing debt – why shouldn’t our government follow suit?
Stay Connected
Sponsors
