So many money topics seem like common sense.  But if they really are, why aren’t more people doing smart things with money?  Take payments for example (take them, please!).  When buying stuff, big or small, why is it all about whether we can afford the payment?

On our biggest life purchase, our house, whether we can afford it or not comes down to what the monthly payment will be.  The monthly payment limits our purchase, not the purchase price.  Hmmm…so we usually overpay and stretch out the payments as long as possible.

Even for one of our next largest expenditures, our vehicle(s), it’s the same thing.  It’s not the purchase price that limits how much we spend, but the monthly payment.  Go figure.  So we buy more than we can afford and stretch the payments longer.

And it continues likewise on down the line to smaller things too like appliances, furniture, televisions, and other stuff we just have to have.  It’s not the purchase price that determines whether we’ll buy it, but ultimately the monthly payment.

What’s the problem here?  We’ve been cleverly marketed to and “trained” to think in terms of payments and not how much out-of-pocket it’s going to cost when we finally pay it off.

What’s the solution then?  CASH.  If you only used cash to make purchases, you would evaluate each purchase based on how much it cost (or hurt to dip into that pile).  With cash we would save so much money on items because:

·   We wouldn’t be paying interest
·   We would shop around more to get the best price
·   Fear of depleting our cash reserves would scare us off from even making some purchases to begin with

That’s why cash rocks.  You spend less (or not at all sometimes!).  And while you’re waiting to make a purchase, someone pays you to hold your money.  Cool.  So now let’s make “payment” a word from a foreign language.
We totally agree with the growing opinion that debt is a big scam.  We have been conditioned to believe that debt is the only way to succeed in business or shine in our personal lives.  But in truth it's only good for the creditors. 

The best way to fix your financial problems is to quit relying on debt and instead go nuts to get out of it in any and every possible way - even if it means selling everything and starting over.

Fight your way free of debt like a bird caught in a net.  Chew off your foot like a badger in a trap.  Better a broken wing or missing pieces than ending up as road pizza!
What’s wrong with a little debt?  Everything!

Do you realize that many people have not read a non-fiction book since high school?  In contrast we’ve read that millionaires typically read several books per month.  Hmmm…does it really make a difference?  Let’s see…books, or the television and radio.  Da!  Why do we keep falling for the “buy, buy, buy” pitches?

We can guarantee you this: Most of what is said on the television and radio about money is a scam, a lie, deceitful, B.S., and not wise – designed to keep us in bondage.  To make us want to buy, buy, buy.  To make us slaves to the banks and to our stuff.  That is why Americans are in so much debt – we’ve fallen for witty marketing. 

We’ve been trained that this is how you “get ahead.”  You borrow for anything and everything you want.  Don’t wait, don’t save, don’t sacrifice.  Have it all now.  Have more than our grandparents ever did before we’re half their age!  And if we get in over our heads, hey, just file for bankruptcy and walk away.  Pass it on to our kids and grandkids to clean up.

Come on people, let’s wake up!  Don’t expect the government to fix our stupidity like an enabling parent.  Where do you think their money comes from anyway?  We pay for all government bailouts. 

Debt is unintelligent and the surest way for the United States to cease to be a world economic power, and you to be broke and powerless.  Debt is killing us.  Please, let’s stop doing it now.  How many second chances will we get?

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    Get out of debt, I dare ya!
    Boiled down money goo guru, Dan