Spending habits

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I often 'tweet' that if you need to file for chapter 7 bankruptcy then you should DO IT! Don't file for chapter 13 because it is just a way to continue to keep you 'trapped' in debt. If your debt level is not high enough to allow you to file chapter 7 then you should tell them to go to hell and go borrow as much money as you can. Get as many credit cards as you can. Buy a couple of new/used cars. So that you CAN qualify for a chapter 7 filing... Your credit will take a big hit but you will emerge virtually debt free... Some things are not forgiven in bankruptcy, student loans for instance.

Once you are able to liquidate your debt you should learn to live on one income. To be able to easily 'survive' on one income. To be able to cover the costs of shelter, utilities and food. Gas to get to work and maybe some cable TV and internet.

Learn to 'stretch' the value of a dollar. Become a good 'shopper', not a good 'consumer'.

A good 'shopper' can save a lot of money. Meat can be had at a 40% discount, somewhere, most all the time. Apparently there is a lot of healthy competition over meat prices. Why 'overpay'? Meat can, almost, always be found at a 40% discount.

If you use some simple logic in all your 'shopping' and make saving money a fun, exciting adventure your money will go a lot further.

Clothes in 'nice' department stores can be found at 75% off or even more. Learn to look for 'sales' at the appropriate times of the year... Learn to see saving money as a 'victory', a job well done.

Guard your money. Seek to 'protect' it from 'predators' as you would a child. If you take care of your money it will take care of you.

Use cash only whenever possible. Don't 'borrow' someone else's money. Work on repairing your credit score so that you can demand fair and reasonable interest rates on future loans that might become 'necessary'.

If you learn to live within your means on one income you will be much more financially secure. When the economy improves, and you can return to two incomes, remember what you have learned. Care for your money.

Consumerism and planned obsolescence are evil plots/plans which have 'failed'. They were designed to enslave people to debt and hardship to benefit both government and large corporations.

Capitalism is a wonderful thing. Consumerism and planned obsolescence are not. It is 'consumerism' that has 'failed', not capitalism. Life is not about the accumulation of material 'things'. Life is about moving forward, evolving, improving.

Government and corporations want to 'take advantage' of you. Only you can put a stop to it.

You, and many others, 'we' collectively, can choose to go in a different direction. 'We' can truly 'change' the way things are done in America.

The old 'system' is in deep trouble and may/will collapse soon. Together we can help make that happen. Together we can try to reshape America and make her better, stronger. Through self-reliance and personal responsibility in our own lives.

Stop playing the Washington/corporation 'game'. Lets make our own 'rules' from now on...

'They', governments and corporations, have deceived and taken advantage of many Americans. As many as 'they' possibly could. So many, in fact, that our entire economic 'system' and government are in real danger of collapsing.

The best thing we can do as American citizens is help them collapse, help them go away. All it takes to do that is keeping more of your own money in your own pocket... Strive to live within your means. Don't 'borrow' money. Starve them of cash, your money, and 'they' will go away and leave you alone.

If we 'decide' to focus on what is important in life, our health, security and our family, and forget about what is not important, 'consumerism', we will WIN!

This 'war' for liberty...

Greg

ATTN: Please see my 'disclaimer' at the bottom of the blog. I am not a 'licensed' financial adviser, or probably even 'qualified' to dispense financial advice.

If you are reading my blog but this 'content' does not apply to you, please try to think of someone you know, or know of, who might benefit and pass it along. We must all help each other 'learn'.