selfexpression + indulgence + disclosure
The financial crisis in America is really a moral crisis, caused by the series of proofs which the American public has received that the leading financiers who control banks, trust companies and industrial corporations are often imprudent, and not seldom dishonest. They have mismanaged trust funds and used them freely for speculative purposes. Hence the alarm of depositors, and a general collapse of credit.
—
The Economist, 1908
What’s the deal? I can’t believe we just throw money at companies and their leadership when they have flat out proven they “suck” at their job. A recent article I read says that 1.6 BILLION yeah, that’s what I said 1.6 BILLION went to the executives of bailed out banks. What a joke! We’ve made bad deals, bad investments, bad decisions, but give us more money so we’ll be motivated to do better. I am so fed up with this mentality. Why don’t we just pay them a fairly normal salary like 500,000 or something that most of us could only dream of and the rest based on Results, there’s a concept. Some of these folks make well over 30 mil a year with all their perks. It’s a joke. We need to be paying them less not more and if they perform and the company performs and makes money give them some incentives. How can you bonus someone when you lost millions upon millions of dollars? I don’t get it. In my honest opinion if you are an executive in a company asking for a taxpayer handout… STEP ASIDE.
Interesting articles on saving – See Article
See entire article here
I found this article that talks about Ten Traits That Make You Filthy-Rich. Here’s the list of the personality traits the lend towards creating wealth:
Read the detailed descriptions and the full article here.