What do you think about income inequality?

nj2011mom
Mon, 06 Dec 2010 15:19:42 +0000

I’m sick of people whining that they don’t make enough money, but when you look at their background, I think to myself: “What did you really think you were going to do with a Women’s Studies degree?”.

I was a child of the 70s recession - my father lost his small business, we had a car repossessed from our driveway and almost lost our house. I was 15 when the car was repossessed overnight from just outside my window. It was the only time I saw my father cry. That was my Scarlet O’Hara moment - “As God is my witness, I will never be hungry again…”

From that time on, I knew that I needed to find a job that would ensure financial security and have been financially on my own since I graduated from high school. I also vowed never to be self-employed. My parents did not pay $0.01 for my college education.

Yes, expenses go up, but you need to learn to live on a very reduced budget and never overstretch themselves financially. If everyone added up all their cash outflows, they would probably be amazed at the little things.

Life has changed from when our parents were our age. There is no guarantee of lifetime employment except for some government employees, however, there is a huge risk/reward tradeoff.