Comments on: Forget Economic Stimulus: Get Your Own Financial House in Order

By: miranda

miranda — Wed, 18 Feb 2009 17:34:13 +0000

I agree that the economy doesn’t HAVE to be based on debt spending, but ours is. A more reasonable consumer economy, that isn’t as explosive in growth (but more stable over the long run), anchored in better financial decisions by individuals and acknowledgment that recessions will happen by our leaders, would be a better option. Periods of growth wouldn’t be as dramatic — but neither would downcycles.

By: Matt

Matt — Wed, 18 Feb 2009 17:28:42 +0000

A consumer economy doesn’t have to based on debt fueled expenses. I have been watching some of the bail out packages with amusement because the government is effectively saying that they’re helping companies out that have been bad with their money. The reality is if Chrysler was in the same situation 3 years ago it would have been allowed to fail and others would have taken their place in the market.

I hope the stimulus packages help shorten the recession but I think long term all of these stimulus and buyouts are going to have to be paid by someone (the poor taxpayer)

By: Getting Back to Personal Finance Basics: Spending Less Than You Earn « Credit Cards, Credit Reports, and Debt Topics

Mon, 16 Feb 2009 23:35:35 +0000

[...] maybe it’s time to get back to the personal finance basics. Maybe it’s time to get your own financial house in order, and start making decisions based on what’s best for your personal finance situation. And the [...]

By: Canadian Personal Finance Blog » Blog Archive » Carnival of Personal Finance #192: The Family Day Edition

Mon, 16 Feb 2009 10:25:01 +0000

[...] from Yielding Wealth presents Forget Economic Stimulus: Get Your Own Financial House in Order, which is very Fatherly, don’t worry about what the government is doing, worry about yourself [...]

By: Weekly Round Up: To The Moon

Weekly Round Up: To The Moon — Sun, 15 Feb 2009 15:33:31 +0000

[...] Forget Economic Stimulus: Get Your Own Financial House in Order [...]

By: miranda

miranda — Fri, 13 Feb 2009 17:28:56 +0000

Unfortunately, that’s a hard one to sell (even though you are right) when CEOs and government leaders are not responsible at all…

By: Chiko

Chiko — Fri, 13 Feb 2009 17:13:55 +0000

I agree. I think people need to start taking a little more personal responsibility of their personal finace, specially young people.

By: miranda

miranda — Fri, 13 Feb 2009 15:31:14 +0000

They were thinking that they could get rich on phenomenal growth at others’ expense. And they did. Too bad such an unstable mode of growth is…unstable.

By: jane

jane — Fri, 13 Feb 2009 15:15:42 +0000

I absolutely agree. Stated perfectly. What are they thinking?