Avoiding D.E.B.T. Tip of the Day: Keep up with all the necessary insurances, auto, medical, flood, dental, vision, etc. Letting them lapse can be very costly.
Avoiding D.E.B.T. Tip of the Day: Make sure you are aware of the most recent trending scams that could affect you and your love ones.
Here is a list of just a few:
1. Online dating Scam
2. Foreign Debt Collector/Attorney Office Rep Scam
3. Fake grandson caller Scam
4. Facebook Email Scam
5. BestBuyContest.Com text message Scam
6. Social Security Direct Deposit Scam
7. Shop with a Cop Scam
8. Voter Letter Scam
9. Mystery Shopper/Secret Shopper Scam
10. Publishers Clearing House Scam
Just like we expected, the third debate between President Obama and Governor Romney was very entertaining. There were great exchanges,catchy one-liners, and it was moderated well. The best moment of the debate was the moment President Obama ridiculed Governor Romney criticism of our Navy fleet size and its comparison to the Navy fleet of 1916.
President Obama said, “Well, governor, we also have fewer horses and bayonets. ... We have these things called aircraft carriers, where planes land on them. We have these ships that go underwater, nuclear submarines. And so the question is not a game of Battleship, where we're countingships."
This sarcastic response sparked a massive online creation of “Horses and Bayonets” Facebook pages, Twitter accounts and trends, and much more. But, each debate has generated some level of viral internet activity. The real question we should ask ourselves is; how will anything promised by either candidate affect our daily lives?
Based on each candidate’s responses to questions from the moderator, we can conclude that both men would do just about the same thing. They both won’t rush to war, stay in Afghanistan past 2014, allow Iran to build a nuclear weapon, let the economy revert to a recession, allow China to get away with economic cheating, or not backup Israel in any dispute with other nations. But, there is something to be taken from their similar stances. Both candidates work for the same boss, people that love Israel, and we desperately need some new ideas in the White House.
While I do not hate Jewish people, I am growing tired of this issue dominating Foreign affairs conversations. Is there no other way to be influential in the Middle East outside of being best buddies with Israel? I can’t wait for the day a viable presidential candidate steps up and admits that Israel is not our top concern when it comes to foreign affairs. Don’t get me wrong, we should maintain a good relationship with Israel, but what is our relationship status with our neighbors, Canada and Mexico? How is our relationship developing with South American countries and African nations? Last night, I can only recall one instance in which Africa was mentioned. Wouldn’t it help our Middle East relations to assist with stabilizing and strengthening the influence of Sudan, South Sudan, Ethiopia, and Somalia? If we accomplished
this, Iran would be surrounded by strong American allies and this region of the world would experience more peace. These actions would also open up more trade with resource rich nations. But this will never happen in a two party dominate political system.
Until we change the way Washington D.C. works, it will always be the same. We will hear more of the same and our relationships with nations other than Israel will suffer. How do we do this? Just remember one truth about American government, money has more influence than race, sex, gender, or religion.
The last and final debate between President Obama and Governor Mitt Romney takes place tonight and it should be entertaining. The primary topic will be foreign affairs, but we should all expect to hear a lot about the economy. Why, because wars and foreign disputes affect the economy more than any economic policy our congressman can create. Our nation's history proves that wars dictates economic recessions and recoveries. Which candidate is more likely to provoke new wars? Which candidate is more likely to end disputes or hurt foreign trade agreements? If you think watching tonight's debate is a waste of time because it's not about economic issues; think again. Tonight's debate will be more important to our economy than all the previous debates. See you after the debate.
Are you married? Do you have at least 2 children? Do you live in a house? Did you obtain a bachelor’s degree? Do you earn a six-figure salary? If you answered yes to all these questions, you represent what many people call, the American Dream. Parents and teachers across this nation have been preaching this message for decades, but many left out one important detail. They forgot to explain how to
manage the cost of obtaining this lifestyle. How much are you willing to pay for the American Dream? Is this lifestyle worth owing millions of dollars to creditors? Most of you may be thinking it’s not worth it, but the average American citizen is willing to take on this amount of debt. Let’s examine the numbers to gain a better perspective of this dilemma.
According to estimates by costofwedding.com, the average U.S. couple spends between $19,223 and $32,039 for their wedding. Another $5,111 is spent on the honeymoon,
according to a Conde Nast Bridal Infobank survey. Based on these figures, couples spend between $24,334 and $37,150 for their wedding and honeymoon. Keep these figures in mind as we move on to the other expenses that accompany the American Dream.
How much does it cost to raise children in the United States? According to the U.S. Department of Agriculture, it is estimated that a middle-income family will spend an average
$235,000 to raise one child. When we double that number, we get $470,000 over 18 years. Once we add this number to the previous numbers, we have accumulated between $494,334 and $507,150 in expenses.
What about the cost of an average house in the United States? According to the National Association of Realtors, the average sale price of a house in the Northeast is $245,000. They also estimate the average sale price to be $152,400 in the Midwest, $160,100 in the South, and $242,000 in the West. While these estimated sales prices indicate the initial cost of purchasing a home, they do not account for mortgage interest. With the average mortgage rates hovering around 3.5%, most homeowners will pay at least 70 percent of their original 30 year mortgage price in interest charges. When incorporating these figures with our previous totals, we have accumulated between $753,414 and $923,650.
We can’t forget about education expenses. According to the Institute for College Access and
Success (TICAS), two-thirds of the national college class 2011 graduated with an average $26,600 of school loan debt. The lowest average student loan debt totals were around $3,000 and the highest totals were close to $55,520, based on responses from 1,057 non-profit colleges. Now let’s look at the starting salaries for recent college graduates. Recent studies by the National Association of Colleges and Employers have revealed that the average starting salary for 2012 bachelor degree recipients is $44,259. Aerospace engineer graduates top the averages with $71,300 per year and social science graduates represented the lowest average starting salary at $36,824. How many Aerospace engineer graduates do you know? I’m guessing not many. But even the majority of those graduates don’t enter the workforce with a six-figure salary. They have to work their way up the corporate ladder before earning a six-figure salary. Once we add the average student loan debt for 2011 bachelor degree graduates, our totals are increased to between $780,014 and $950,250.
The fastest route to obtaining starting any career with a six-figure salary is to obtain a post-graduate degree. College graduates with a Master’s Degree or PHD earn a higher average starting salary by roughly 13 percent when compared to Bachelor Degree graduates. Unfortunately, that typically adds another $80,000 to $120,000 in student loan debt. Once these numbers are accounted for, our totals are increased to $860,014 and $1,070,250, but we haven’t included all the other expenses that accompany the American Dream.
Cost of living expenses are on the rise and anyone living the American Dream must be able to
handle these expenses. They must be able to take on $4.00 per gallon gas prices, rising food cost, automobile repairs, rising insurance cost, and other everyday expenses. They must be able to take on increases in local and federal taxes. When we add this factor into the equation, the lowest number easily surpasses $1,000,000.
It will take at least 20 years to pay off all the debt accumulated while chasing the American
Dream, if a household earns at least $100,000 per year, and that’s being nice. We haven’t even gotten into how much savings would be needed to maintain the American Dream once retirement is factored into the equation. These figures make the American Dream appear unaffordable. But, there are ways to reduce these expenses.
There are several ways to manage the cost associated with achieving the American Dream. To lower the cost of obtaining a Bachelor’s Degree, students can attend community colleges for their first two years and then transfer to a four year institution to finish their degree requirements. They can also make sure they get good grades in high school needed to qualify for scholarships, but realistically some children won’t accomplish this task. Lowering mortgage loan debt requires shorter loan terms and larger down payments. While it may be
feasible to pay 30 year term mortgage loan payments, it doesn’t help to lower the interest charges that will accumulate over the 30 year term. Choosing to have smaller more inexpensive weddings can also help to lower the overall cost of obtaining the American Dream. While these are a few general methods to lowering these cost, you can find more help by picking up a copy of, “Did Everything But Think: D.E.B.T.”, by Joseph Lorick. Learning how to lower these cost can be the difference between obtaining the American Dream and suffering because of pursuing it.
Avoiding D.E.B.T. Tip of the Day: Create the best possible relationship with the mother of your child.
Yesterday’s debate between President Obama and Governor Romney was exactly what we thought it would be; pure entertainment. Both candidates made some good points and defended their stances with great vigor. But, the small bickers and grandstanding made this debate an instant classic. Everything from Romney directly questioning the President to President Obama disapproval of Romney’s disrespectful presumptions was entertaining. The moderator even got in on the fun by fact checking Mitt Romney in the midst of his verbal attack on Obama. However, there was one point made that everyone should’ve paid close attention to. President Obama looked the audience in the eye and told them the truth about American companies shipping jobs overseas. “Candy, there are some jobs that are not going to come back,” Obama said. He went on to say, we need to create new jobs to replace those we lost. Why is this statement so important? It is the only mentality that will lead us out of this slow progression. We can’t look to the past for all our answers about the future. Does losing jobs to foreign countries suck; yes. But does that mean we should cry about it and
use our time debating mistakes of the past; NO! It is time to move on from the past by embracing the future. What are the needs for today’s society? What can we do to create more convenience in our daily routines? The answers to these questions will lead us so far away for the recent recession, that it will become a faded memory. We can only hope before the election, one of these candidates really sells this message. If either candidate accomplishes this, I know one voter that will be influenced to vote in their favor. What did you take from last nights debate?
The second round of the fight between President Obama and Governor Romney is set to begin in a few hours. While the first round was entertaining, I expect this round to be more exciting. Why? The answer is simple, this is all about entertainment. Facts are no longer important in these debates. The winner will be determined based on one-liners and slick responses, not factual statements and realistic promises. People work too much to really dig deep into the facts and debate promises. They want to forget about the stressors of everyday life and enjoy a good show. This is the true purpose of debates; to entertain the undecided. So, who will be the best entertainer tonight? I'm guessing it will be the same candidate that ends up being the next President of the United States. May the best entertainer win. Come back later for our post-debate analysis.
Begin to create your holiday budget now. Planning for traveling expenses, gifts, and decorating expenses, at least 30 days before the holiday season, usually results in a lack of overspending. The sooner you start the better. Those holiday sales are not much different than the sales you see today.
Before we reach the second round of the main event, we
are going to be given the opportunity to watch another fight. It’s a one round,winner take all, battle between V.P. candidates, Joe Biden and Paul Ryan. Both contestants have come into this fight claiming to have the hearts and minds of the Middle Class with them. They’ve said Middle Class issues will be discussed and viewers will leave with a better idea of which presidential ticket is better. Here are a few things to think about while watching tonight’s matchup.
Taxes: Both parties will eventually have to raise taxes on the middle class to sustain economic growth, but what will they do in the next 2 years?
Inflation: Neither candidate will probably touch this topic, but it is inevitable. Gas prices, food prices, and lending rates are going to rise. What will each candidate do to limit the effects of oncoming inflation?
Reducing the Size of the Government: When you hear either candidate talk about reducing the size of the government, it is code for cutting federal government jobs. Those job cuts will affect the Middle Class.
Backbone: The second man in command needs to have some serious resolve because Vice Presidents weakens Presidents. We need someone that will privately voice their opposition to the President. All presidents need a person on their team to remind them of when they are being foolish and there is no better person for the job than the V.P. Pay attention to
each candidate’s reaction to each other.
Don't forget, if it tonights fights gets too boring, there's always Thursday Night Football!