More Thoughts about Right Choices
Watching the financial markets melt down today along with the home mortgage crisis makes me wonder how these things happen and how to avoid them. So, here are some thoughts regarding good choices:
Eating Pure – when you eat only non-processed food and no chemicals you pretty much eliminate things like diabetes and high blood pressure.
Buying a car – a friend of ours is having second thoughts about buying a new car. I told them we now buy only used cars that are a few years old, and we only pay cash. This means we are never upside down in a car, and are never driving more than we can afford.
Buying a house – 100% of the foreclosures happen to people with mortgages. Hmmm. Wish I had put 20% down with a 15 year fixed note not greater than 25% of my take home pay.
Mortgage sellers – what started off as a good thing, helping people own a home, turned into a “greed frenzy.” Every year it seemed the requirements got a little looser, and more unqualified people got homes. Typical human nature at work.
Old-fashioned common sense about “Stuff” – if you can’t pay cash for it, you can’t afford it.
Dating – my brother-in-law asked me if I would ever marry someone who smoked. I said “No.” He asked how I could be so sure. I said, “Because I would never date a girl who smoked.”
Doing deals – You can never do a good deal with a bad guy. This is basically what happened in the mortgage crisis. In the beginning the “deals” were not that risky, but because no one got burned, it made it easy to make the next “deal” a little riskier. Just like “good deals” with a bad guy. The original deal doesn’t get you in trouble, it’s the little add-on deals that come with the package that kill you.
Pure and Simple living – how complicated would your life be if you dated and associated with only the right kind of people, you had zero debt, and you ate only pure food?