News alert! According to a recent Gallup.com poll entitled “Americans’ Ratings of Current Direction of Economy,” “more than half [people polled] still say
For those of us who were lucky enough to have allowances when they were younger, we all learned that spending beyond your means is a bad idea. Later in life the overspending person describes themselves “being in too deep” as if there remains no solution to the problem. For instance, a farmer who speculates that with his new farm equipment production will increase 20%, he will be able to cover his payments on the equipment, and still turn out a profit. Now take that farmer, but change him to a global company with the aspiration to speculate in, say, a completely new product with no data to support the risky buy. Chances are the farmer with known risks will at least take less of a hit on his finances if the plan falls through. Bringing these ideas back to our childhood the solution to economic hardship is to get serious about living within your means. And even if we got balancing our small budgets wrong the first time that “failure… [could be a] success if we learn from it” (Brainyquote.com).
Self-sufficiency, as Dictionary.com defines it, means to be “able to supply one’s own… needs without external assistance” (Dictionary.com). Looking here and then at the past events of the last three and a half years there are countless examples of groups or individuals being unable to supply their own needs without debt. At the most basic level, the global financial crisis can be attributed to anyone or group not being responsible in their financial lives.
The effect self-sufficiency financial conversions will have on the larger scale is not dissimilar to newly baked cookie aroma traveling to the next room. Financial sufficiency will “boil over,” much like a pot of water boils over, and infect others based on how the change of heart from a financial freshman to a veteran financial junior has impacted their lives.
The financial crisis was caused, ultimately, by lack of self sufficiency and the solution is for individuals to become responsible with their financial futures. In order to rectify the gross amount of financial drowning many people have and are still going through every individual should first work towards being fiscally viable for themselves and the kind of life they would like to live. Living that secure life out will in turn show fellow Americans just how easy it is to own things that one can pay for. Of course, there are some plain and obvious examples where people need to be taken care of: the ill, disabled but for the most part taking care of oneself first is of the utmost importance. Oftentimes the simplest answer is the correct one: Stewardesses say, “Put your oxygen mask on first before you try to help someone else.”
More reading
"Failure Is Success If We Learn... at BrainyQuote." Famous Quotes at BrainyQuote. Brainyquote.com. Web.
"More Than Half Still Say
"Self-sufficient | Define Self-sufficient at Dictionary.com." Dictionary.com | Free Online Dictionary for English Definitions. Dictionary.com. Web.
