So what have we learned this week? We Canadians are a much richer lot than we were 6 years ago, however, we are also spenders who have driven up our debt load as well, which is never a good thing either. I don’t think I am any richer, monetarily at least, in life I am richer every day for other reasons. Debt-wise, I am one of those “spending” folks, so I cannot argue that point much either. There is Potential for Disaster though as well.
What else have we learned? Canadians should be taxed more, so that they can have a better standard of living (I chuckle every time I write that one). Again, I think I agree in that I am a Socialist at heart, but as you get older, it is much harder to hang on to your socialist leanings, I guess because you look at your tax burden and wonder if anyone else is helping out. I’d like to see a report on how governments could run in a more streamlined fashion, and get costs savings there, and also how they could get themselves out of debt because that is our government’s biggest problem, is their MASSIVE debt load.
We also learned that most of the wealth in this world is held by 1% of the people. If you are one of those 1%, remember to help those in need (like poor bloggers, there is a donation button on the far right :-). That is something the world needs to work on. The world is getting smaller, and that means you keep getting new neighbours because now you know about their troubles, when maybe 20 years ago you didn’t. Shedding light on issues is good, but if nothing is done about it, all it does is make us sadder for knowing it.
An exciting week, where some might wonder what monkey was on the keyboard typing it, but still an interesting week. Remember this is a good weekend to start a new financial plan and a good time to finish your Holiday Shopping (be it Chanukah, Christmas, or Kwanza).
Other from me:
- Groceries, one of your biggest expenses
- I have become my mother…
- Debt Reduction Lifestyle
- When can I stop doing this?
- Holy Cow: Income Splitting In Canada?
- If it doesn’t hurt, is it working?
- A Change In Lifestyle?
- The Costs of University?
- Points, points, points….
- Cheque #2 Arrives
- Has The Motley Fool Outlived it’s Usefulness?
- Insurance: Paying for Something You Never Want to Use
- Finally: Cheque arrives
- Sometimes you need to take a risk
- Rant: Customer Service
- Yet another reason NOT to buy Lottery Tickets
- When is it appropriate to “lose it”?
- Sometimes you have to pay $20 for a Candy Thermometer
- Another Head Gasket?
- Long Term Disability Insurance
- Still on the lift?
- Puddles of Fun (Extended Warranties again)
- Smart Electric Usage Meters
- Check the expiry date
- Beware Monsieur There are Vultures Everywhere…
- Happy Thanksgiving! 2006
- Pay Day Loan Industry in Canada Being Legislated
- Have a Plan
- Christmas is coming!
- Persistence Pays
- What is good compensation?
- Equal Billing (Epilogue)
- Pride and the Extended warranty?
- Baby formula, the price of convenience?
- Extended Warranties: More Update
- The Downside to Equal Billing
- Free Stuff for PC
- Extended Warranties: An Update
- Happy Canada Day
- Roofing a House
- Tips for Pay Day Loan Places
- Options for lowering your monthly payments
- Most Important Feature of a Credit Card
- Wish I could pass my budget this way…
- Should Parents Pay for University?
- No Smoking In Ontario
- University Education in Canada
- Games of our Youth
- Dividend Reinvestment Update
- Garage Sale Ideas
- Boy am I a DRIP
- Budget Spring 2006: What’s in it for me
- Life is a Carnival
The wealthy 1% control 1% much of the wealth because that’s what they focus on. If a person concentrates on making money, and then having that money make more money, he will become wealthy financially.
The wealthy financially are sometimes poor in other ways. People who concentrate too much on one thing are stunted in others. ie… if you’re concentrating too much on making money, you probably don’t have a great emotional life.
Have a great weekend.