Posted by Luke in I am watching something on sixty minutes about Generation Y spending money on the credit card. They showed a young lady going on how she is a victim of the sleight of hand from the banks. This got me thinking about the way we frame our problems in the modern world and I have to say I am appalled. It would be easy to blame the banks (who probably shoulder some responsibility) but there is something in this report that irks me.
I make many mistakes but at the end of the day you have to take responsibility. You have to say to yourself that if you racked up the debt there wasn’t a little man who swiped the card out of your hand and forced you to rack up the debt. There are genuine mistakes. Then, there are stupid ones. In any case, you can read from a victim script, blam others or whatever. My thing is this: your happiness in the present moment isn’t worth the years of having to pay off tons of debt. There is no merit in that. Absolutely none.
I have spent years paying back loans. So far at least six of them and I am not even close to clearing what I owe. Most of them were stupid decisions. Yet, there is no one I can blame at the end of the day, I have to blame myself. So should you. Take responsibility. You racked it up you have to pay it. Whatever you put away today you pay for tomorrow… don’t be a jackass!
The thing that I want to see people do is to think. Going without is one of those things you have to do sometimes in order to improve your overall position later… it’s a cornerstone of strategic thinking. I see none of this with people (and I put myself in this category) who rack up a ton of debt and then blame others or claim bankruptcy. You made the decision… now pay for it!
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