Tag: debt
Living Above Your Means the Right Way
Mrs. Groovy and I have a very comfortable life. In addition to having a beautiful home sitting on three and a half acres, we also have great family and friends, want for nothing, and give and travel extensively. Yep, it’s good to be the Groovies right now. And the remarkable thing about our comfortable life…
Have You Stress-Tested Your Financial Situation Lately?
In 1961, the year I was born, our national debt was $289 billion. Today, it’s $21.1 trillion. We clearly have a problem living within our means. We also have a problem managing our public pensions and our premiere safety net program, Social Security. Consider the following: According to Bloomberg, only two states in the union…
Second Wednesday of Month Politics: Giving Back by Giving Up
The national debt is up to $20 trillion. To pay that off, the federal government would have to run a $500 billion budget surplus every year for the next 40 years. We are in a shitload of trouble. The answer to this fiscal nightmare is rather straight forward. We got to pay a lot more…
What Goody Are You Willing to Give Up?
Ask not what your country can do for you—ask what you can do for your country. —John F. Kennedy In twenty-one years of government employment, I contributed less than $10,000 to my pension. Starting last October, I began collecting that pension. Twenty thousand smackeroonies a year until Mrs. Groovy dies (Mrs. G decided she’s exiting…
Why You Should Avoid Compounding Interest On Your Student Debt While in School
To get a good ROI on your college education, you got to do two things. First, you got to study your tushy off. Take tough classes and pursue tough majors. Sociology-of-Lady-Gaga classes and Animal House partying may be fun, but they’re ROI killers. Second, you got to be as frugal as possible when it comes…