Thank you. There’s something in human nature that makes us resistant to logic. The only thing that causes us to change our ways is pain and fear, usually in the form of what’s often referred to as “life altering events”.
I’m not a complete doomsayer but IMHO the nation is headed toward an economic calamity and it will cause a great upheavel and social “unrest”. A little restoration of sanity may come out of it when we get proof positive that unsustainable spending has real consequences.
I agree with you. I’m not happy about my family’s personal prospects during the expected calamitous time though.
We’re in Manhattan now, and will be in the NJ burbs starting in July for at least 2 years.
I’ve convinced the wife to move to Texas in one of the burbs north of Irving after 2 years (we are having our first child in April this year and want family support for the first 2 years- which means sticking around in NJ), since my company HQ is there and I can easily transfer from the NYC office to that one. She actually was excited about the house size and town quality we could afford there versus in these elite NJ burbs we grew up in.
I’ve got a good low six-figure gig, but with the son coming and only a few grand in savings (no debt though!), I’m sure to be hit extremely hard by this regime’s stupid policies and our country’s poor decisions in general.
Oh well, what can you do but hunker down? I also feel constantly stupid by never having any debt, when it seems debt really means nothing at all. All my peers have tons and tons of it, and it doesn’t seem to impact their daily life one bit. I just can’t mentally deal with owing someone money, even if it is a bank. I pay all my credit cards at the end of the month in full. I feel like owing money is a form of slavery and since I read so much history I’m well aware for a long period of time debtors prison was the norm.