The Stock Market

I have held off on commenting on the stock market until today.

Here are my thoughts on the economy …

  • We can't borrow our way out of it.
  • We are here because of debt and loans made to persons who had zero ability to repay.
  • If this is what it takes to make America start planning their spending, saving money, and having a plan for its future, then bring it on.  I'm OK with my generation paying the tab and delivering a balanced-budget, low-taxation, and zero debt government to my daughter and the next generation.
  • This is yet another reason why I am a HUGE fan of diversified investments, being 100% debt-free, and holding a well-funded emergency fund.
  • God is bigger than the US economy.

What can the average American do?

  • SAVE money
  • Eliminate debt – Calculate your Debt Freedom Date HERE
  • Prepare and live by a written spending plan – Prepare your budget HERE
  • Help a fellow neighbor

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1 Comment

  1. Jon Smock on October 9, 2008 at 7:51 pm

    Preach it! And, it’s awesome to know that God is in control. It’s a peace only He can bring.

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