I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.
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I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.
Everyone has dreams and desires but usually keep them hidden, back in the recesses of their minds. The lottery question gets those dreams and desires out in the open, on the front burner.
When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.
As we look at life after the financial crisis, we need to turn traditional thinking on its head. Picking up a copy of Chris Anderson's Free is a good place to start.
Obama's election was not only a door opener for people of color. It also showed that people with absent dads, or no dad at all, can grow up and live in the White House.
I've had my own angry, screaming battles with my health insurance carrier. It seems everyone I've talked to has had a similar experience. I just don't see them marching on Washington about it.
Sometimes entrepreneurs are so focused on a higher goal that they forget about the people who help get them there.
I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.
Michael Jackson and Elvis died too young. They had the same handicap that many people with money acquire, the entourage.
We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.
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