043 DSR – Fixing The Problem

August 28, 2012 — Leave a comment

fix

You hear a lot about The Federal Reserve “stimulating” the economy in hopes of fixing it. The boys over at theminimalists.com remind us you can’t fix the problem with more of the problem.

We can, however, fix the way we think about how we spend money and consume and live and act and behave. Too many years of overindulgence have caught up with us. Problem is we don’t want to come off the drugs called cheap credit and hyper consumerism.

I know, I know, it’s tough to swallow. The system tells you it’s patriotic to spend and you’re un-American if you don’t. Financially secure or patriotic, which is more important?

The bottom line is this. The only way we’re going to turn this thing around and keep it turned around is one person at a time. We can’t write more laws and pile them on top of more laws and expect people to change their behavior.

Personal responsibility is where it’s at.

Action:
I challenge you to look at your economy and ask where can I live with less? How about cable TV with 200 channels and you only watch 3? How about those 3 packs of cigarettes a day? How about that trip to the mall twice a month to buy the latest fashion trend? How about that bass boat you never use but bought because your next door neighbor has one? Did you finance that, by the way? Ouch!

Resource:
The Minimalists

Give us a call on our voicemail feedback hotline at 615-200-7189 or drop Greg an email.

Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.

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