My neighbors down the street and I share a lot in common — except our politics. We’re equally matched in our fervor for our respective candidate. Now that the financial crisis is front and center in our national discourse my neighbors are convinced that now, more than ever, their candidate should take the helm. “This candidate is better equipped to fix the financial messes and put money in my pocket!”, they proclaim.
Oh, how I bitterly disagree!
With shocking news that big, powerful financial institutions can fail, many of us are eager to revert back to something that feels comfortable (”let the bigwigs on Wall Street decide”). What destructive or politically-driven policies are put into play as soon as we collectively throw up our hands and decide the whole mess is too complicated to understand? That’s when we give up our rights as citizens and power as individuals.
And another thing: who is going to pay for it all? (Hint: probably my generation and younger…)
How does this relate to personal finance? Well, consider your choice of political candidate. Are you making your choice based on specific policy plans, or because you are clinging to something that seems familiar. Are you brave enough to change parties?
Likewise: consider your personal finances. Are you making your daily spending, saving, and investing choices based on specific goals? Or, are you sticking with what you know and “hoping for the best”? Are you brave enough to change direction? Committed enough to learn something new or consider an alternative?
Find people here at Geezeo who share your financial goals (even Sarah Palin uses Geezeo).
Related:
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