Money Supply & Debt - The Big Picture Blog Launched
This blog is part of my larger site, BrokeSucks.com. I created BrokeSucks to address consumer financial needs that I feel are not being addressed very well on sites like Fool.com or Yahoo Finance. While other sites advocate paying off all of your debt and pinching pennies for retirement 30 years from now I don’t believe that this approach is a good one for the average person.
This blog, Money Supply & Debt - The Big Picture, is targetted toward a very different audience than the main site. In fact, this blog is mostly here for me to talk about things I am interested in — the effect of an inflationary global money supply on the economy of the new millenium. Big topic, not many answers out there.
I really do not have any qualifications to write this blog. I’m not an investment expert, economics phd, or historian. I am just a young entrepreneur who enjoys studying economic theory.
It is up to you to judge what I say here and form your own opinions. You won’t find me pushing any books or recommending stocks. Just like anything you reading, online or offline, take it with a grain of salt and discount it based on your own experiences.
May 10th, 2006 at 5:26 am
“While other sites advocate paying off all of your debt and pinching pennies for retirement 30 years from now I don’t believe that this approach is a good one for the average person.”
I agree. So what is your philosophy?
May 10th, 2006 at 10:11 am
There is a little bit of a diversion between what I said above, and what my personal philosophy is.
My belief is that people should focus on what they are good at and enjoy doing, and then figure out how they can maximize their income doing it. If you are a compulsive spender you will have to learn how to save. If not, savings comes naturally with an increased income.
Where my personal philosophy diverges is in the timeframe of which to do it in. I have pushed many things aside in order to achieve my business goals in the near term rather than the long term. Its not an approach I would recommend to those with more relaxed attitudes.