Only Trust What You Know
The current recession has shocked a lot of people but in a good way maybe it has brought a lot of us back to financial reality. My grandpa used to say “only trust what you know” and this recession has taught many of us that we do not know how stable our job is, the downfalls of too much credit and that those who we trusted (bankers and financial advisers) have let greed overwhelm them. Making what we do know even more valuable. For example I know that despite the fact my employer may let me go, I can trust my friends and family will keep me around. I know that despite my past misuse of credit, that living on a budget within my means is now a viable option. And I know that despite the greed on Wall Street with our money, that I can choose to be a generous person and not stoop to their level, a 5% safe CD works for me!