Don’t Be Normal

“Normal” in America is:

  • Buying a new car every 5 years and having a car payment the rest of your days.
  • Or even worse, leasing a car. Do the math.
  • Buying more house than you can afford and re-mortgaging it over and over.
  • Having more credit cards, that you don’t payoff, than sense.
  • $853.6 billion in credit card debt. Average credit card debt: $15,263
  • $994.0 billion in student loans. Average student loan debt: $31,646.
  • Saving nothing or minimal amount for retirement and counting on the government (who handles money like a drunken sailor) to provide for you.
  • #1 reason for divorce is money issues/fights
  • Getting all your financial information from the mainstream press.
  • Having more month than money…spending more each month than you make
  • Paying loads and high management fees on your mutual funds.
  • Not contributing enough to your 401k to get the company match.
  • Not maxing out your IRA, or contributing to it at all.
  • Buying new when used will do, buying used when borrowing will do, borrowing when doing without will do.
  • Not thinking outside the box.
  •  Enabling your spouse, family, friends in their money mistakes instead of showing tough love.
  • Taking out student loans for a college degree of questionable value, when other options are out there.
  • Living paycheck to paycheck.
  • Never making extra principal payments on your mortgage.
  • Buying whole life insurance not term.
  • Not having a budget.
  • Borrowing from your 401k for “emergencies”.
  • Consolidating credit card debt and NOT cutting up the cards

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