A Do-It-Yourself Education On Finance

29 08 2012

“You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.” (Dave Ramsey)

Lately, I’ve been listening to and watching a lot of videos, documentaries and such on finance—personal and national.  I’ve been doing quite a bit of reading as well.  Among them, Dave Ramsey (quoted above).  Scores of people have liquidated their debt and got on their feet by taking his Financial Peace University class. Many others have been helped by the direct and passionate style of Suze Orman.  Here are some things I am reading and learning:

Do yourself a favor and get yourself an education—if you haven’t already done so—on the way money, debt, deficits, markets, lending, borrowing and the like functions.  In this time, more than ever, ignorance is not bliss—it is dangerous.  Be awake.

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2 responses

29 08 2012

Do yourselves a favor: compare that national debt with (at least) GDP. The debt number by itself is meaningless; it’s like counted the grains of sand on a beach: however big that number is, it’s not going to bury you on the other side of the world.

29 08 2012
Christian Fahey

(Batmensch = Hugh?) Point taken. You have to admit–GDP notwithstanding–that 16 trillion is a remarkably large number. But comparing it with current GDP ($15.09 trillionJ) does put it into perspective and gives some hope of reining it in more in the years to come.

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