Hindsight is 20/20

"Let every youth take a leaf out of my book and make it a point to account for everything that comes into and goes out of his pocket, and like me he is sure to be a gainer in the end." Wow had we only known this a few years ago before this mess that is called the U.S. economy started to crumble. The United States economy is the worst it has been since the Great Depression and we are almost at that same level. Not only is the United States impacted with our economy but so does the rest of the world. Many other countries depend on the United States for economic stability, they need the purchasing power that we have, to pay their employees and feed their families.

So what to do now. Do exactly what is said above by Gandhi and what other financial planners have said to do for years now. It is basic stuff, people must learn to live within their means. Know what you have, know what you are spending and acknowledge that you must stop if you have to. People must recognize what a need is and what a want is and make decisions that will secure your own financial freedom. No one else is to blame for your own spending habit but you, no one else can tell you not to buy a home that you would not be able to afford, no one told you to sign a mortgage or lease or credit card application without fully knowing what you are signing. And it is not the responsibility for the agent trying to sign you up to explain it to you. People must take charge and control of their own financial problems because there is no one else to blame.