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Okay, so we have heard it for a year now, time for change. I got it, really I do; I need change as much as the next person. But I actually mean change this time - real change. Think about it for a moment, the population of this country has careened out of control with our mind set concerning credit. We are a nation of debtors not savers, and now it's time to pay the piper; it's time to repent for our financial sins. We have to take control of our own financial situation and that will mean putting the banks on notice that we are tired of being subordinate to their interest.

Credit can be like a drug for some people and once you get hooked…you are hooked, you can quickly find yourself spiraling out of control. Not to worry because there is always time to get on the right track. You just have to have a plan to take charge.

For those of you who can think back 20 years or so, remember when you had a change jar, literally a change jar, where you kept all those pennies, nickels, dimes quarters you had in your pocket at the end of the day. You probably would head out for the day only to return with a pocket full of change and you threw it in your change jar at the end of the day. You actually SAVED money back then, can you believe it?! But here’s where the twist comes in. Fast forward to today or the last couple of years and I’ll bet you can look at that change jar and notice that it hasn’t has gotten any bigger. That goes especially to those of you who have become addicted to your credit urges. You probably use your credit card, or if you are better disciplined your debit card, for all your purchases, even the small ones. Your debit card is okay since you are spending what money that you have in the bank but if you are using your credit card you are spending on credit.

Most times you pay all your credit cards off at the end of the month. But it is real easy to fall behind and then you are trapped and have to start paying that interest. Let’s eliminate credit and use debit, or better yet, let's go back to a cash society not a cashless society. Let's allow those change jars to fill up again. It is a good subconscious forming habit for saving and a measure of the people’s will to save or spend.

So let's get back to change!

Happy Investing!



James Dicks

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Comment by Adam Horak on January 8, 2009 at 1:27pm
There is truth in this beyond belief… test yourself on this, go through your current bank statements and see where you are (average) for the past three months then stop using credit cards or your debit card to make purchases where ever possible (go to a cash based system) remember cash is king!!! After three month check your finances again and compare it to the prior three month period.

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