The Price To Pay For Spending Tomorrow’s Income Today

When you borrow, you’ll pulling spending forward, that is, you’re spending tomorrow’s income today. Sometimes that’s smart; sometimes it isn’t. In fact, debt can be a killer.

It can kill your retirement. Your security and well-being. Your marriage. Your job. Your dreams. Even your life (suicide rates rise during recessions and periods of high unemployment).

Yet America is in love with debt. But perhaps it’s a toxic love affair. Perhaps, Vera, you’d do well not to fall in love with debt as so many of your fellow Americans have done.

Not all debt is bad though. Continue reading The Price To Pay For Spending Tomorrow’s Income Today

People Are People But Cultures Are Different

When you’ve lived as long as I have, you’ve met a lot of people — people of many walks of life and personalities. You end up liking some more than others. But one thing you come to realize is that people are people. We have different personalities and aspirations, but, in the end, we’re constructed the same. Cultures, on the other hand, are a different matter. Continue reading People Are People But Cultures Are Different