Well, I don't claim to understand everything that is going on right now and the ramifications it will have, but I do know that I think people should buy stuff they can afford and that banks shouldn't be able to just give money away to whomever they feel like whether or not they can actually pay the payments. I also know that if we are indeed going into another depression, the worst thing we could do as a whole country is go into a panic and pull our money out of the stock markets and our banks. I don't understand why the media is helping to cause panic among the general public. If we have learned anything from the great depression, it was what NOT to do right? Part of me was SO relieved when the bailout plan did not go through. I do not want a socialist government! Is is weird that I think this whole thing isn't such a bad thing because it will force us to look at the road our country was headed on and help us make better fiscal decisions? I guess I may feel differently if I was close to retirement age and it affected me in that way. But the stock market will rebound. i don't know how long it will take, but it will and hopefully because I have time on my side, I will be able to invest to ensure a good retirement for me and Randy.It also makes me grateful to be debt free and live in a home we can afford. (plus, since we have been saving for a van for a while, maybe because of all this, we will be able to get one really cheap.)
anyway, I'm sure some of you are interested in what Dave Ramsey has to say about all this (as was I) so here is a link I got from my sister-in-law Lisa about how he thinks we should fix the problem.
http://www.daveramsey.com/etc/askdave/index.cfm?event=dspAskDave&intContentItemId=10889
anyway, I'm sure some of you are interested in what Dave Ramsey has to say about all this (as was I) so here is a link I got from my sister-in-law Lisa about how he thinks we should fix the problem.
http://www.daveramsey.com/etc/askdave/index.cfm?event=dspAskDave&intContentItemId=10889
Just push play when you get there