JOE THE PLUMBER AND ALL HIS DEBTS

Joe has lived under two different money worlds. In the one, the big idea is that the big money guys provide capital that results in jobs, incomes to pay for goods and services. In the other, the big idea is for government to make rules so that the sharing of wealth is somewhat fair and matches needs.

Neither idea is bad in itself. What is very bad for Joe is that we now have an ungodly mix of both.

The capitalists found they could make lots of money by offering Joe endless credit. Unfortunately Joe went for it - credit cards, lines of credit, loans, mortgages, etc. His debt load now nearly equals his net worth.

The socialists set up tax systems that require hosts of bureaucrats to make the rules and see that Joe pays all his local, state and federal taxes. The systems are like cancer. They spread on their own and are hard to get rid of. This happens mainly because bureaucrats like jobs that are secure, pay well with all the benefits.

So, poor Joe is under a mountain of debt and taxes. Business and governments now have Joe where they want him. It is not in their interests to help him.

So what does Joe do? First he needs to pull back on borrowing and start saving. He needs to take back control of his family finances. This is going to be tough but not as tough as the corner he is now in.

The switch from credit to savings will certainly mean down grading of his major assets - home and cars. Saving goes into the budget list of essentials. He will only put his money where he is sure it is safe. He will no longer trust experts and their free advice.

Some families have already been doing all this. They are in control of their finances. They have savings for kids’ college, retirement and accidents. They are living well because they are not controlled by the big, greedy systems that take their money.

For more please see: www.familycybermall.org

Do you know someone like Joe and this FAMILY CHALLENGE?