Wednesday, February 21, 2007
Looking forward to Wal-Mart coming?
It will be nice not to have to drive to Lacey to shop, but take care not to get caught up buying more than you really need and spending more on products made in China than you can afford. Most of us have debt. As a nation we seem to have followed our administration right off the debt cliff and for the first time in our history we are at a minus individual savings level.
We are all inundated with subtly tempting credit card offers. Our students who have no income and no training on how to manage money are offered cards and although building credit is important, having a $500 line of credit seems to make more sense than a $5000 line of credit. Who is going to explain to our students that they are not getting FREE FAKE money. Even Warren Buffet, the multi-billionaire says don't use credit cards!
We are no longer a manufacturing economy, we have become a consumer economy. In fact 2/3rds of our economy is built on consumerism. Consumer debt in America is over $18,700 a household. The business world doesn't see us as citizens, we are called consumers. Until recently the word consumption was an illness, maybe it still is!
If you have a $5000 credit card debt and pay it off at the minimum, at 25% interest it will take you 20 years to pay off and will cost you over $12,000. The credit card industry is making $30 billion in profits in excess fees. The credit card industry and it's supporters spent $154 miilion to pass the bankruptcy bill. It's our lives against the corporations and their mighty buck.
As consumers, we are being bombarded with advertisements on TV, in print media, on billboards etc. The ads are aimed at our unconscious mind. They are also aimed at our children. In fact they are stealing our childrens minds. There are many Christian groups, consumer groups, Republicans and Democrats who are working to help people get out from under. To learn more, read Lynne Twist's book the Soul of Money www.soulofmoney.org and watch the Myth of Money on LinkTV on DirecTV channel 375 or Dish Network 9410. www.linktv.org
I just invested in buying all of LinkTV's DVD's and books and would be happy to share them with any group who is interested. Please contact me to show these to your group. 360-894-5683.
We are all inundated with subtly tempting credit card offers. Our students who have no income and no training on how to manage money are offered cards and although building credit is important, having a $500 line of credit seems to make more sense than a $5000 line of credit. Who is going to explain to our students that they are not getting FREE FAKE money. Even Warren Buffet, the multi-billionaire says don't use credit cards!
We are no longer a manufacturing economy, we have become a consumer economy. In fact 2/3rds of our economy is built on consumerism. Consumer debt in America is over $18,700 a household. The business world doesn't see us as citizens, we are called consumers. Until recently the word consumption was an illness, maybe it still is!
If you have a $5000 credit card debt and pay it off at the minimum, at 25% interest it will take you 20 years to pay off and will cost you over $12,000. The credit card industry is making $30 billion in profits in excess fees. The credit card industry and it's supporters spent $154 miilion to pass the bankruptcy bill. It's our lives against the corporations and their mighty buck.
As consumers, we are being bombarded with advertisements on TV, in print media, on billboards etc. The ads are aimed at our unconscious mind. They are also aimed at our children. In fact they are stealing our childrens minds. There are many Christian groups, consumer groups, Republicans and Democrats who are working to help people get out from under. To learn more, read Lynne Twist's book the Soul of Money www.soulofmoney.org and watch the Myth of Money on LinkTV on DirecTV channel 375 or Dish Network 9410. www.linktv.org
I just invested in buying all of LinkTV's DVD's and books and would be happy to share them with any group who is interested. Please contact me to show these to your group. 360-894-5683.
# posted by Florence Vincent @ 3:32 PM 
