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PAYING ALL CASH FOR THINGS IS A GREAT START IN STARTING OVER

By
Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

We forget how we got here to this economy to begin with. Credit got us here. Selling something to someone who can't pay for it NOW was a false sign of things flourishing because on the back end, if someone didn't pay, then it wasn't a real sale to begin with. Capitalism supported this system because it made money in the moment for so many but the back end remains questionable

WALL STREET MADE $$$

Credit gave us a huge BOOM when introduced. People couldn't believe that they could have what they saw right there and then and a new industry was born. As long as there were jobs, it made sense. But the minute you stop paying, the whole system fails pretty bad.

THE LESSON IS IN OUR FACE

Look at the housing crisis. Tens of millions and counting heavily are not paying for their homes, their cars, Rv's, jet skis, second homes, remodels, boats, and fur coats. Now, other industries are flourishing like Collection agencies, bankruptcies, foreclosures, flipping teams, evictions companies and the like. They are thriving on the downside of people failing. I cannot help but think of buzzards consuming the carcass of the dead here. (sorry)

ROLLING BACK TO ALL CASH

Here is where it becomes a little complex. If we all start living within our means, unemployment will stay with us longer and remain stronger. There will be less demand for goods which means no work for those who make it, ship it and sell it. So, for America, this slows us done as a country

FOR THE STARTING OVER CROWD

But for the individual, we are free now. We don't owe anyone anything and can live a life closer to normal. Being in debt goes against human nature.  The native Indians couldn't believe that someone could own a river or lake. they learned to JUST use things and not own them and go with the flow.

THE SIMPLE LIFE

We need to all get back to what we can handle and not leverage our lives to the point where we are stressing and living to pay for things that eat us alive everyday with worry.

 

 

John Souerbry
Cordon Real Estate - Fairfield, CA
Homes, Land & Investments

Well said.

Aug 29, 2011 03:57 AM
Cindi Susi
Keller Williams at the Beach - Lewes, Delaware - Lewes, DE

  Agree !  Get back to the basics !!

Aug 29, 2011 04:05 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Thank you John for joining me...Silicon Valley East Bay is yours

 

Cindi is now our poster child exclaiming...back to the basics!

Aug 29, 2011 04:11 AM
Stephen Proski
Real Estate Kailua Kona, Hawaii - Kailua-Kona, HI
Real Estate Kailua Kona Hawaii

When one is starting over and rebuilding their lives, cash is a great way to stay out of debt.  You only buy what you can pay for and not be an impulse buyers using credit cards as your answer.  Lets all get back to basic's even our Government.

Aug 29, 2011 04:35 AM
Daniel H. Fisher
www.FisherHermanRealty.com (704) 617-3544 - Charlotte, NC
MCRP - Charlotte Real Estate, NC or SC

cash has always been king! but for people with cash who want to preserve it, today's 4% interest rate can cause a mortgage to make great sense.

Aug 29, 2011 04:36 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Stephen...my friend, you have spoken well. Look how simple it is to preach it. Now, we must teach it and that means putting people first and money second until we get back on our toes as a Nation....thank you S

Daniel...Exactly right my friend. It is a version of working smarter and not harder. Enlist the services of a Good Real Estate professional and rock and roll on this subject....thank you D

Aug 29, 2011 04:46 AM
Anonymous
Kathleen

Richie...I am a great believer in cash. My feeling is, if I don't have the cash to pay for it (with the obvious exception being a home), then I'm living above my means, and can't have it. Also, I liked your thoughts about the native Americans.  Someone with great insight once told me, and i never forgot, that one day we'll all find we were merely renters all along, from the true Landowner.

Aug 29, 2011 04:48 AM
#7
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Kathleen...very meaningful comment...When one considers that all they have is on loan, the world cannot help but be a better place one person at a time. Thank you Kathleen

Aug 29, 2011 04:53 AM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Always have believed cash is the best policy - Have taught all of my kids - if you cannot pay for it, do not buy it..

Aug 29, 2011 07:28 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Richie I learned a difficult lesson along the way after having forgotten what I knew in the beginning.  I now once again pay cash for everything I purchase and if it is a large ticket item, I save until I can pay for it.  Housing is an exception, but most things are just things and if I cannot buy it outright do I really need it or is that I just want it.  Nice post as always, thank you.

Mary

Aug 29, 2011 11:50 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Dagny...it is so simple it insults your intelligence which needs insulting sometimes...good one Dagny

 

Mary..you bring a nice simplification and gentle icing for the cake post. The post can only taste yummier for your comment

Aug 29, 2011 12:09 PM