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The 2008 Great Depression…How Our Generation Will Handle It

I received this comic as an email from my Financial Adviser friend, Erle Savage with Regan Investments. Although it is meant to be a satirical view on our current economic crisis, there is some absolute truth associated with it’s underlying meaning.
Unfortunately for all of us, our generation’s financial priorities are fundamentally upside-down and are in absolute opposition from our humbled grandparents’ generation which lived in the 1920’s. How did we get here? Did we fail to listen to our fiscally responsible elders as they told us stories of when they saw first hand the agony of their own financial crisis?
I remember for a high school project, I interviewed my grandfather on what it was like to live in those times. He said after the crash, “People finally realized the actual Value of money and this in-turn, made us fiscally responsible adults.”
In the past, I personally have had my youthful exuberance in irrational habits with money. However, today as a responsible adult I very much respect and understand my grandfather’s school of thought. I’m very grateful that this had been instilled in me as a child and will also use these methods in order to teach my children the same.
I can only hope others of my generation will utilize this current “cleansing period” as an awakening and finally “get it” so we may help teach future generations the ACTUAL VALUE of a dollar.
| Print article | This entry was posted by ladinventures on October 10, 2008 at 1:48 pm, and is filed under Business Sense, Just Schmoozin, Kvetching. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 2 years ago
Here’s to hoping!