Great info from Joseph Sangl. Check him out here.
The US National Debt has increased by $93,188,029,341 since our last update in January 13, 2012. Another month, and the United States has dropped nearly another $100 billion in the hole.
National Debt as of 2/6/2012
$15,321,143,716,542
QUESTION: Have you ever lived this way – where you used a credit card or some other form of debt to spend money that you did not have?
My question is this: At what point in time will this type of spending stop?
What are YOUR suggestions for addressing this?
Here is more great info from Joseph...
I am passionate about helping people win with their money. This means that I really focus on the statements that people make and how they make them. I observe their body language, tone, pitch, and wording.
There are some statements that are particularly telling of what I call a “broke mentality” – the thinking of a financially broke individual.
One of those statements is “How much are the payments?”
People who are not broke ask the better question – “How much is the total cost – the purchase price AND the ongoing operating expenses?”
I have observed that people who ask “How much are the payments?” are more likely to:
■Pay a much higher purchase price
■Pay a much higher rate of interest
■Be unaware of the ongoing operating expenses
■Finance their purchase versus pay cash
■Still be paying for their purchase even after that item has been discarded
We are ALL susceptible to falling into the “broke mentality” – Have you ever made decisions this way?
Great money info to think about. Thank you Joseph!!
No comments:
Post a Comment