#169: It’s the savings, stupid

Tell me, do you spot the flaw in the 150 billion dollar stimulus plan? Here’s the flaw: ‘stimulus’ promotes spending.

What worries me more than a recession is the lack of ‘stimulus’ to promote savings. Without your own savings, you are perpetually at the mercy of someone else’s savings. And their goodwill.

To get of your own debt-triggered recession, you must forgo some pleasure now to ensure some future fun. It’s called delayed gratification. I know it’s a difficult concept to grasp, especially if you are used to living in the moment with fast-foods, immediate-download and on-demand viewing.

It’s a bit like going on diet to lose weight. You have to give up something now to feel lighter tomorrow. Trust me, if you save rather than spend, you will begin to feel lighter.

Spending is much easier, but I plan to defy the government on that. I’m going save whatever they send me.

Maybe.


I’m james@nonsenseatwork.com

Copyright: 2008 James Henry McIntosh

James can be heard on Public Radio, 88.9 FM WCVE, Richmond VA.
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