Although I didn’t post as frequently as I wanted this week, increasing the number of high quality articles I release on You Have More Than You Think is my most important short-term goal for the ol’ blog.
But I have to admit. I’m frustrated at how challenging it is.
Regardless of my short comings thus far, I’m confident that eventually I’ll be able to develop a regular posting schedule.
On the bright side, I was able to read quite a few articles that made for some interesting discussion. The most interesting article resulted from the unfortunate news that the S&P rating agency downgraded the U.S. credit rating from AAA to AA+ – for the first time in history.
I’m normally not one for worrying about the economy. And I’m still not too concerned about it. However, the downgrade of the U.S. credit rating is disheartening.
Why can’t we get our s— together?
I never had much faith in the competence, creativity or compassion of our elected leaders. The spirit of the American people always used to allow me to believe that we would be all right. Now, I’m not so sure I believe that anymore. And it sucks.
It seems like we’re unwilling to make the sacrifices that are necessary to repay our debt. One side refuses to raise taxes. The other side refuses to cut burdensome entitlement programs. Make no mistake; a balanced approach is necessary. If you’ve ever paid off a ton of debt, you know it’s absolutely necessary to attack it from both angles.
Although I often remark at how politicians are idiots, we are the ones who elect them.
Pray tell, what does that say about us?
If you’ve been relying on the government to provide more than the basics, e.g., security, clean water, now’s the time to figure out how you’re going to ensure you and your family are taken care of with as little reliance on gov’ment as possible.
Maybe Congress and POTUS will get it together. Maybe they won’t.
Let’s just continue to learn and apply good financial practices to our own households. Here are a few articles that’ll help.
Hopefully, you’ll enjoying reading them as much as I did.
What 80% of Wharton MBAs Don’t Know About Retirement Planning by JT McGee at MoneyMamba
New Car Vs. Used Car: Why We Will Buy Used by Amanda Grossman at Frugal Confessions
Hedging Against Inflation by Miranda at Free from Broke
Socialism as a Means to a Brighter Future by Financial Samurai
Stop Trying to Get Rich – 8 Reasons to Avoid Wealth by Family by Family Money Values
Getting Late Fees Waived – How Far Do You Go? by Kevin McKee at Thousaindaire
My Goal: What I Am Really Working and Saving Towards by Fabulously Broke
Why Work When You Can Get Scholarships by at My University Money
Bonus: 5 Hot Gmail Tips and an Email Intervention by Ilean Smith at Grind and Thrive