People Are Smart.....

I have to laugh because this is the tag line of DiTech.com now and if you are one of the millions of people around the US that are in credit trouble why not get out of it by putting up a mortgage on
your house so you can be in debt for another 30 years. In my opinion I don't think DiTech is smart, much less the people that tend to get themsleves into debt tens of thousands of dollars or more. I recently found a book called Rich Dad Poor Dad that talks about finances and the such, but what I really took out of it is a few very simple key concepts:

1) We are taught from a young age in school to work hard and we will be paid well.
2) We are also never taught in school financial responsibility, so when we turn 18 and can get Credit it all sounds way to good! Free money? Sign me up!!
3) Have money work for you, don't work for money.. this takes proper learning and financial education.

Up until recently I was in this group of people I wanted to work for about a year and then try to buy a house and car with my lady and then have kids and so on. But more recently I discovered this is exactly what not to do! You don't start buying liabilities before you aquire assets and this is where most people fudge up. It's hard I know and it takes discipline to another level when we try to manage our money, but let's face it in this world of credit and 0% financing the market is setup for you to get in debt, unless you are part of the lucky few who have had financial education(always ongoing). That's why the rich get richer and the poor get poorer.

One last comment about this, I really believe that someone could win 1 million dollars tomorrow and without financial education they will tend to squander it all away anyways. I've seen it happen before and i'm pretty sure it will happen again.