Quote:
Originally Posted by Guest
Barb..........What a priceless thing to share. My grandparents took me to the bank every week where I deposited some small amount and often the bank president would shake my hand.....I was a little, little girl.
People back then would often greet each other with a smile and handshake and the phrase..."Whats the good word?". The answer was always........"Save your money". Maybe this bad time won't get as bad as the depression that happened the decade before I was born, but perhaps it will teach young people to not spend what they don't have.
History keeps cycling doesn't it?
|
Remember Savings Stamps and small-value Savings Bonds? They put thrift into the psyche early in life.
When my spouse and I moved to DC 5 years ago we found ourselves pre-qualified for a mortgage of $1.5Million! We were shocked, but did not fall into the trap of accepting a loan anywhere near that limit. Being able to add, subtract, multiply, divide and think worked together to show us why it was very risky and not a good deal long-term. Yet, how many others fell into that sugar-trap?
Expecting something for nothing or next-to-nothing has always been the root of economic problems. The only thing that changes is the magnitude of the greed.