Tethers of Modern Life

I’m willing to bet that even the most down-to-earth person has at some point sat back and reveled in the proverbial daydream of starting a different life where no one know their name—basically the “I should just get up and leave!” mindset that tempts us in times of stress or boredom. However, I’m also willing to bet that the majority of time, they rationalize to themselves all the reasons that they can’t. Then they shake the thought from their minds and go on with their normal lives.

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From Barbie to Borrowing: Hanging Out with Dad

I am convinced that my father was born with a newspaper in one tiny hand and a neck tie instead of an umbilical cord. I mean this in the most complimentary way possible; the man has a work ethic that can make any zealous overachiever feel lazy. As a kid, I hardly appreciated or even noticed how tirelessly he worked to support my family and me.

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Smart Students Crushed by Dumb Debt

We have created at least two generations of highly educated people who are unwillingly being crushed by student loan debt.  The housing crisis will look like nothing compared to the massive hit our economy will take if these student loans are ever called in or forced into default.

The dirty little secret that is keeping these loans in play — and always ready to tip on the borrowers with the slightest nudge — is the ability to “forbear” and “defer” in a vicious circle where you don’t have to pay what you owe, but what you owe gets compounded and pummeled and jacked back into what you already owe.  Every day you live, you dig your financial grave just a little bit deeper until you know what you’ve always known: There’s no way out; so give in to that punishing reality and live with your ruined financial debt, but never give up.

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