Quote Originally Posted by HURRICANEBOB View Post
Now is the time to look at fundamentally good companies whose stocks get devalued as part of the market panic. They are out there.

Funny thing, we invest in stocks trying to make an easy buck, and theen get angry at our govt because they spend money they don't have, trying to give us the quality of life we think we deserve but have not earned. And not all, some of us do what we need to and keep the lights on, live modestily, and still manage to put a buck or 2 away because we are willing to sacrifice a little of today for tommorrow. Now the question, how do we get more of America to learn the basic value of living what you earn, earning what you live, and saving to be independent in the future? I don't know, wish I had an answer, but how do we get the majority to stop feeling "entitled", and back to understanding "living what you earn". We have to get back to making our bed before we sleep in it.
VERY well said...

And I'm not sure there is a way to get more Americans to learn the basic value of living, without them completely falling on their backsides. It's funny how going belly up and all of a sudden wondering how you are going to pay your mortgage and finance your next trip to the grocery store has a way of humbling people. I know people...some very close family too...that have lost EVERYTHING they had due to a combination of some poor financial ways, the recession, and lost employment. They are barely surviving right now, and quite humbled...not their old flashy/jonesy selves these days. But we're all a little guilty I'm sure of putting a bit too much value on material things. Nice stuff is nice to have, but when you feel like less of a person without it you have been caught in the trap.