Personal Finance and National Finance… just saying

11_-_Dr._Paul_BW_72_url_589When it comes to personal finance one of my fiercest enemies is debt. I don’t like to owe anyone anything if I can help it and when I can’t help it I work like a mule to get it paid off. For me debt is a form of enslavement. It not only robs us of our wealth but can take away the very spirit inside us that is a natural response to drive forward.

I have just one credit card that I use and don’t make any purchase that I know I cannot completely pay for when the credit card bill comes at the end of the month. If I can’t afford it then I don’t purchase it. When purchasing an automobile I put down as much money as possible then each month when I make that payment add as much as possible to get that vehicle paid off.

To me paying interest is like taking a handful of cash and burning it. The same thing goes for the mortgage. Whatever I have left at the end of the month through living a frugal lifestyle goes to paying off that mortgage. I celebrate when I see the reduction in my principal balance each month on this loan.

This is my belief that we are all fiscally responsible for the destination of our own lives and the direction it takes. Their is no such thing a a “bail out” when it comes to personal finance and I am responsible to my family to provide a stable environment to live in and debt is not a welcome friend in my home.

Now I have no extended formal education, nor am I a wizard when it comes to finances. My hard core beliefs come from simple common sense. If you work hard to earn money to make a living then why would you want to give it away senselessly to a lending institution that thrives on peoples desires to go shopping. I have learned these lessons early in life where those items that I wanted so badly ended up in a pile set out for a yard sale a year later.

So I can understand that each of us has our own lessons to learn in life and hopefully most will eventually learn about the depressing elements of being in debt. What I can’t understand is how we elected well educated men and women to political positions of power in America who have continually made these decisions to drive our country deeper and deeper into debt. WTF?

As of a week ago the latest figures showed that each American Citizen is responsible for a little more than $56,000.00 towards paying off the National Debt. Are you freaking kidding me? I am not too trusting in any political party or individual who claims to represent the best for America especially when I see the same crap year after year. Maybe it’s high time we see them all Trumped and maybe, just maybe start restoring this nation to what our forefathers intended it to be.

About SimpleLivingOver50

At 53 years old I am starting to realize how life changes both physically and emotionally. I strive for a life of simplicity. I am winning the battle with type II diabetes, created a plan to have all debt paid off in 4 years including the house, taking advantage of every opportunity to live life to it's fullest through adventures in nature, hiking, biking, loving and learning.
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4 Responses to Personal Finance and National Finance… just saying

  1. James says:

    You’d make a great libertarian. 😀 BTW, I agree with you.

  2. Marlin says:

    Interesting. Did the OB/GYNs in the cartoon get their respective MDs without accessing public resources of any kind? If so, please explain how so, from their respective births to the birth of the child with the tastefully affixed price tag.

    I believe I’d be happy signing off and redistributing any person’s share of the national debt if they were to forswear and refuse to make use of any and all resources, technological advances, economic advantages, infrastructure, arts and sciences secured by local / city / county / state / federal public funding.

    Hey, freedom ain’t free.

    Perhaps there should be a non-state state, one whose constitution consists of a single article, “There shall be no government”, where capital “L” libertarians can all go. No, not New Hampshire. The Libertarian party couldn’t even organize themselves enough to take over the town of Groton, NH. Not yet, at least. https://en.wikipedia.org/wiki/Free_State_Project

    Perhaps I’ll have another glass of Solstice cheer.

  3. Gail Kaufman says:

    I also view debt as a form of enslavement. The thrill of paying off debt surpasses the joy of any purchase.

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