Do you have the answer to today’s economic problems? America is going through a major transition that seems to have her back on her heals. A new president has been elected which is common but this president is unlike any president in the history of our country. The newly elected president is African American; which convenes a major shifting in the American culture. The economy is in shambles and some of America’s greatest economic minds are seeking answers to how we can remedy this cancer.
Seemingly, all of our problems started long before the Bush Administration took office. The problems began when the government, banks, and other lending institutions softened the financial guidelines for the sake of the dollar. Bankruptcies have allowed companies and individuals to shift the responsibility onto consumers. Who do you think eats the cost of money mismanagement? America has a history of finding the easiest solution to solving its financial crises: increasing taxes. If the backbone of the American economy is the small business, then why pass legislation that does not benefit small businesses? Small businesses need more than just tax advantages; they need the same kind of stimulus packages that large companies have received in order to get their companies and the economy moving in the right direction.
I do not claim to be a genius on money issues; but I do have common sense when it comes to business. If I cannot repair the American economic system, I can at least start repairing and improving my own financial situation. There are ways you can improve your income by starting with your outgo. This may not fix the whole matter, but you will at least have more money to pay off more bills. If you manage what goes out and limit unnecessary expenses, you can keep more money for your charitable giving, bills, and investments. If you smoke, stop smoking; if you drink liquor, stop drinking; if you are wasting money on pornography, stop watching it. You may find yourself saving at least $500-$700 monthly.
You can start repairing the nation’s economic crisis by repairing your own financial situation. If you would like to hear more on how you can save more money by cutting back unnecessary expenditures, comment below.
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Follow-up comment rss or Leave a Trackback" Repairing the Nation’s Economic Crisis "
This is a very good article. The U.S. is most certainly in a state of financial crisis. Dr. Brown is correct in stating this problem did not occur over night. It took a matter of years for us to reach this point of financial destruction, therefore, it will take years to fix the problem; one step at a time.
I like the suggestion of each of us doing our part to fix our OWN financial situation. We cannot expect the government; specifically Obama to put dollars in our pockets within the next few months. We need to learn how to help ourselves. Just as Dr. Brown stated, it starts with cutting back on unnecessary expenses and focusing on investments and savings for not only your own future, but the future of your children. We need to teach our children the importance of budgeting and spending wisely. It begins at home with the parents.
I really do not understand why the people of the U.S. are not taking responsibility for this financial crisis. We are the reason it is the way it is. If people payed their credit card bills, their house notes, and their car notes on time we would not have most of these problems.
Everybody wants to blame President Bush for the crisis but he did not tell them not to pay their bills. I truly agree that we can fix our own financial situations. If people would stop living beyond their means then they would not have poor credit.
Once again, advice that simply make sense…and cents! Controlling my outgo definitely improves my own financial situation. If we, as America take this thought seriously, we would definitly begin to repair our nation’s economic crisis. Let’s take these words from Dr. Brown to heart.
Dr. Brown I agree with your plan to fix our nations current economic problems. If I take responsibility for my financial woes then I can affect change. As long as I am not responsible I have to wait for someone like a new President to take responsibility and I have to hope that his plan will work for me. I would rather examine my own finances and find ways to help myself than to wait for someone who doesn’t know me to help me.
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