I will not participate in this recession: Townhall for Hope!

[Cajungaltx]

DISCLAIMER: Ramsey is a Christian - and does reference the Christian perspective for financial direction - so if you are NOT Christian, or you are offended by Christian religious discussions, please ignore the video, and this post.



My husband and I are attending Financial Peace University - it's part of Dave Ramsey's financial program.... and has a HUGE impact on our family. My husband deploys for a year shortly...and part of my 'security' in dealing with it, was making sure finances was NOT going to be an issue.

I don't want to be dealing with debt, a full time job, 2 part time jobs, the 'single' parent of 2 kids...AND him being gone... so...we are trying to get rid of almost all debt BEFORE he leaves....and we 'should' have everything paid off before he gets back, except for the mortgage... and you know what... we will have that paid off by 2014.... 6 years.... debt free. How sweet the sound...

The paid off mortgage is taking the place of the BMW as the status symbol of choice....



On April 23rd - at 7pm CST - at locations all across the country - he is putting on a FREE townhall for Hope meeting.

I'm providing a link - if your available, and it's at a convenient location - I highly - HIGHLY recommend attending.

It's FREE... he'll be taking questions from people on Twitter, Facebook, Youtube... all kinds of stuff... it's supposed to be REALLY cool...

Here's the video for it...



Link for finding a location where they will broadcast:
http://www.townhallforhope.com/index...&#locationlist

[sandy_ruotolo]

Thanks, it will be intersting to attend. I can't imagine life after debt. Kinda scary thought.

[photobonez]

and what stay with in your means, wow. The reason that the market hit bottom so hard is because the fed (private bankers that is no more federal than federal express) kept pumping money in even thoughthe economy was slowing, hence countrywide and other like companys gave no income varification loans, and no credit check loans and other non conventional loans. I know because my friend was a loan officer, and truthfully AIG should have been allowed to fail along with the rest of the banks that did bad banking.

[CaptainTom]

If I'm not Christian I shouldn't watch the video ? Why is that ?

[Cajungaltx]

Originally Posted by CaptainTom

If I'm not Christian I shouldn't watch the video ? Why is that ?

I was trying to CMA....lol... don't want anyone to get offended at the video...... and wasn't sure how to word it so that my disclaimer wouldn't offend anyone.... being PC sucks sometimes... lol.

I think the guy is phenomenal... and I'm looking forward to no payments... at all.. so that when I want that new lens... I don't have to figure out where the money needs to come from.... it's just THERE... *grin*

Cajungaltx added 0 Minutes and 54 Seconds later...Double Post Merged Below

Originally Posted by sandy_ruotolo

Thanks, it will be intersting to attend. I can't imagine life after debt. Kinda scary thought.

I'm looking forward to calling his show - and our whole family screaming:


WE'RE DEBT FREEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!

[sandy_ruotolo]

I agree with photobonez about the AIG. Actually, I passed on an employment offer by them a year and a half ago. Maybe I should have taken it, got my bonus, probably would not be in debt to my credit cards holders. And yes, the whole mess came about giving mortages to people who could not pay them. Why would you give a mortage to someone who probably had limited use of the english language, and signed where told to? Of course there were some who took the mortage knowing they couldn't pay it but did it anyways. I read the fine print of everything now.

[sldi]

I listen to Dave Ramsey often while on the road, while I don't always agree with his religion, I do believe his financial advise is very much right on....BUT if they whole world were to follow his more simplistic approach to finance and not use credit, I believe we would fall into a deep state of stagnation. It just seems that emerging technology and emerging economies of some countries (China, India) have made radical changes on a global scale and we are in a catch up state. Those countries have made huge strides in there ability to produce goods and services cheaply, but haven't gained the ability YET to be effective consumers. Just as we as photographers complain about the new guy coming in and undercutting our prices, these countries have undercut many other countries in wages for workers, and the products and services have moved to cheaper providers. When everything gets cheaper it seems nice till you no longer have a job to buy the cheap things.

[Cajungaltx]

Originally Posted by sldi

I listen to Dave Ramsey often while on the road, while I don't always agree with his religion, I do believe his financial advise is very much right on....BUT if they whole world were to follow his more simplistic approach to finance and not use credit, I believe we would fall into a deep state of stagnation. It just seems that emerging technology and emerging economies of some countries (China, India) have made radical changes on a global scale and we are in a catch up state. Those countries have made huge strides in there ability to produce goods and services cheaply, but haven't gained the ability YET to be effective consumers. Just as we as photographers complain about the new guy coming in and undercutting our prices, these countries have undercut many other countries in wages for workers, and the products and services have moved to cheaper providers. When everything gets cheaper it seems nice till you no longer have a job to buy the cheap things.

deep state of stagnation....



you mean something like our 'current' market situation?

I agree with you... sort of. I think that living within your means is something that worked for generations of people within any country on the planet.... they only start having problems when people start living 'outside' of their means...

Take businesses for example... a 6% decrease in manufactoring output resulted in a 20% layoff in employee's....

Almost immediately.

Those companies were playing it WAY too close to the line...

I think a more conservative method of living, and of doing business is a requirement. If you can't afford it... if you don't have the money saved up to do so... then you don't buy it.

Maybe we'll stagnate for a while... but I'd rather see a retraction of this overstretched rubber band... than for it to be pulled so hard that it snaps.