I just read another brilliant article posted over at Yahoo!’s homepage. It was entitled, “8 DIY Projects To Add Value To Your Home By Labor Day.”
The home improvement projects are to the effect of: change sinks and faucets, add back splashes, do some landscaping, put up some cabinets, etc… Here’s my question – Where in the world are people getting the money for this? This article was on the homepage of Yahoo! which means it was fed to the masses. From what I have heard, the masses are in debt up to their ears. Is it wise to be spreading articles that encourage people to spruce up their homes with trivial items in the midst of a financial crisis? I say no.
What I would have preferred to have seen on the homepage was something like, “Why You Are Broke and What To Do About it.” Maybe that was a different article for a different day. I don’t know.
So you ask, where is all this coming from? Well, I want you to do something. I want you to read two articles written by Gonzalo Lira. This guy writes stuff that makes sense. Sure, it’s not going to make you feel great, but a lot of stuff you need to hear isn’t going to either.
How Hyperinflation Will Happen
Hyperinflation, Part II: What It Will Look Like
If you do anything today, please read those two articles. Do it for yourself and your family. Try to resist reading cutesy little articles about adding curtains to your living room. The real estate market is history and it isn’t coming back for a long, long time. Any unnecessary improvement you make right now is the equivalent of opening up the window of a moving car and tossing your wallet out onto the street.
If these articles don’t move you or if you are still skeptical about the economic picture, please leave a comment and I would be happy to reply with a list of about 100 more articles from different authors and economists that support it.
You might want to check out these related posts:
How big is the Facebook e...
For about two years now, ...
This will be the last pos...
With regards to those hyperinflation articles, I think there are interesting, but the author neglects many factors. The major factor neglected by the author is the fact that the US economy is extremely important to the rest of the world. It is much unlike Chile and other countries that he used as examples for hyperinflation.
Regardless, we still have a major economical problem in this country and our excessive budget isn’t helping things at all. We have to draw back our military presence on foreign soil and reign in the defense spending because it is absolutely ridiculous. We also need to get a handle on Social Security, Medicare, and Medicaid. Those three programs are a major burden to our budget.
Anyway, I was drawn to your site when looking for lawn seeding advice. I’ll be interested to see what happens with your lawn when you start planting more Kentucky Bluegrass. Best of luck. I am about to power seed some tall fescue into my lawn (I’m in TN) and then apply a nice thin layer of compost on top. I hope it goes well.
Hey Ryan,
One thing I learned…make sure the seed gets in that soil nice and deep. All the areas where I just over seeded and then threw compost on top didn’t make it through the heat of Summer. I wish I had aerated twice as much so the seeds could fall in the holes.
Pingback: Saving Money Through Bad Credit