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Showing posts with the label recession

Wisdom from the Penny Man

I’m not a political person. I lean toward one party, but vote what I feel is best. I don’t discuss politics with people, because I don’t like to argue. It seems everyone has a slightly different perspective, even when they are from the same party. I got my hands on a quote from Abraham Lincoln that I found very interesting and apropos to our current economic situation. “You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people’s initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves.” Even though the recession has affected almost everyone, it has righted some wrongs. Personal finance gurus have been telling us for year...

Want it All?

I read an interview with Miley Cyrus in Glamour magazine the other day. She’s surprisingly grounded for a teen who’s already been in the limelight for several years. She respects and appreciates her parents’ authority, and tries not to get into all the materialism that Hollywood promotes. http://www.glamour.com/magazine/2009/04/miley-cyrus-americas-most-famous-girl-grows-up?currentPage=1 Why have Americans created this illusion of the American Dream that consists of a two kids, a big house, two new cars, and various other toys and activities? What’s wrong with leaving within your means and being content with less? I love it that people like Rick Warren, Tiger Woods, and Miley give back. It is so much more rewarding to use your success to help provide for the needs of others, than to build up your “crib.” Would we even be in the recession this deep if people weren’t trying to reach for more than they could afford, and if banks weren’t willing to do whatever it takes to get the busi...