"Rice and Beans, Beans and Rice" (Thank you Dave Ramsey)

Real Estate Agent with Metro Brokers 285336

"Rice and Beans, Beans and Rice".  These are not my words, but the ones I repeat to myself on a regular basis.  Anyone who wonders why we are in the financial crisis we are today just needs to listen to the Dave Ramsey radio show.

Caught somewhere between the "Have's" and the "Have Not's" are the "Wanna Be's" and being a loyal listener, I'd venture to say there are a lot of them out there.  Living beyond their means, and wondering how are the ever going to pay for it.

It's frightening that the concept of buying only things you could afford is not practiced by a large majority of society.  Credit cards made it too easy to consume material things today with the promise to pay for them...eventually.  Basically, we borrow and consume based on our future earnings, not our current realities.  Call it optimism or denial, but we spend as if we are guaranteed to always have work and that we will always make more and more money.

Take the real estate slump as an example.  Consumers were approved and purchased homes at the top end of their budget.  The loans required little or no money down; and everyone jumped on board.  Then homeowners were able to lverage their homes and "borrow" money today, based on tomorrow's (estimated) value.  No downpayment, no significant repayment of principal, no actual equity in the home. This is our reality, and it hurts.

The wake-up call has been heard loud and clear.  There is a new era of responsibility and it starts today.  Consume less, eat "rice and beans, beans and rice", pay off debts, and save for a rainy day.  In the long run, it's a commitment worth making. 

Comments (9)

Andrew Johnson
Touchstone Realty - Martinsburg, WV
Real Estate Service and Inventory Specialist

Great blog.  Thanks for the information.  Great Post, I could not agree with you more. 

Feb 04, 2009 02:49 AM
Crystal Ledbetter
Texas Home Group - Montgomery, TX

I remember those rice and bean day growing up! The cornbread on the side was also the dessert...

It;s time to tighten the belt and get back to basics instead of living high on the hog.

Feb 04, 2009 04:20 AM
Vicente A. Martinez
Prudential Douglas Elliman Licensed Real Estate Salesperson - Woodhaven, NY
Realtor, Brooklyn - Long Island - Queens Homes

Hi and welcome to active|rain.

There are thousands of tips, tools, and tricks of the trade here. Be sure to check them out. Best of luck and see you around.

Friend me on Facebook 

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Feb 04, 2009 04:34 AM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm, Trumm Team, Omaha NE

Feb 04, 2009 11:36 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Stacy,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!


Feb 04, 2009 03:40 PM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Stacy, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash

Feb 04, 2009 08:50 PM
Everard Korthals
---Preferred Lifestyle Advisors--- - Lancaster, PA
Mountain Realty

Welcome!  If ever you were to have any questions then feel free to contact us and we'll try to help. Please take a look at our blog. for links to valuable information in our blog that you can use to navigate this extensive network.  

We hope you have a great day, All The Best- 

Rce and beans, we'll remember that. Nice to see a fellow conservative on this network.

Sincerely, ( Active Castellum ( Castellum Realty llc - Lancaster PA Real Estate )

Feb 05, 2009 03:21 AM
Stacy Carter
Metro Brokers - Roswell, GA

Thank you all for the warm reception.  I posted a listing POSTLET as a blog?  Is that where it should go?  I'm not sure I have the hang of this yet!

Stacy Carter


Feb 05, 2009 10:58 PM
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

I think the credit problem for most starts in college when the credit card companies give out credit cards to every kid with a pulse, job or not and a nice toaster to take home with them.

The reason they do this is because they now 80% will be bailed out by mommy and daddy six months later. But, what these credit companies didn't realize was that people can't do that with a house. There is no mommy and daddy to save them, if they can't afford it, they will lose it.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Feb 06, 2009 04:45 PM