I wanted to let you all in on my loose plan as this blog develops. I aim to make two posts per week. One of which will follow a rough plan and stick primarily to finances, the other post may be entirely random so that I can share recent events or other time-sensitive content. I will also be adding more features to the blog soon (subscription, more images, etc…) so please understand the physical layout is a work in progress! Anyway, back on topic…today’s post is a bit longer!
So, when we think about finances and budgeting it is easy to look at it as simply restrictions on life or sometimes in a marginally better light as restraint. What we often seem to ignore is that someday there will (at some point) come a time when you (and I) are unable to work for a living. As such, the response should be to appropriately set aside enough resources to sustain yourself when that time comes. Likewise, those around you should do the same so you don’t suddenly have a massive financial burden due to their poor planning. The assumption here however is that we have enough resources in our particular situation to set anything aside, however that seemingly isn’t always the case for some. One of the situations that we should be aware of by now is the growing disparity in the distribution of wealth. Though I am not against CEO’s and others who have worked their butts off to earn income worthy of their efforts, I do firmly believe that all individuals capable of working for compensation and doing so at a full-time schedule should earn a livable wage. I don’t feel this is something that governments should need to get in the middle of, as it should be the business owners realizing it is in their best interest to simply compensate their workers with a livable wage and have one less thing the government needs to have unnecessary fingers in. This could go on forever. However, I would rather focus on what we can do here and now with the current system in the state it exists. If the state of the system changes, we can too. But, all we can actively control (though in a limited sense) is the here and now as it relates to our own finances. [Read more…] about Basic Finances and Assigned Values