Chuck Cowan’s Post

Crazy to think most of the country asked for the economy to be this way when they decided to vote for Biden. Most of this country wanted this and the sad thing about it is many people voted for Biden because they thought trump was arrogant or they didn’t like his attitude smh 🤦♂️ I feel like the people who didn’t vote for Biden or didn’t vote at all can speak about these circumstances but the people who chose to vote for Biden can’t speak on anything going on when they ASKED FOR THIS rather they want to admit it or not. Trump showed the country how good life could be the 4 years he was in office yet people still weren’t happy. THEN AGAIN EVEN IF THE PEOPLES VOTES DIDNT COUNT OR ACTUALLY COUNTED WE CANNOT DENY MOST OF THE COUNTRY WANTED BIDEN IN OFFICE SO BADLY. No different from the Noah’s ark situation in the Bible. Noah warned people about the flood but of course people laughed and mocked him. When the flood started to hit people begged Noah to let them into ark but that’s when it was to late. People have a lack of faith issue along with ego problems and this is the cause of humanity declining more and more. People love to wait until it’s to late to become humble. Another issue in this country is the fact that people still believe teaching their kids to go to college will some how further them when most people I know made it in life without going to college in the first place. People love to teach others about acquiring debt but never teach others about not going into debt. This country lives on debt and that is the main issue rather people believe it or not. How is going to college so you can be in debt when you graduate a good thing ? I’ve met people who do not make a lot of money but they still live a good life. You know why ? It’s simply due to lack of debt and knowing how to live frugal instead of buying unnecessary material things that do no good for a person’s life in the long run. People have become more reliant on financing new cars instead of buying a used car to own it outright. Some people bought new cars just to fake a big lifestyle out of ignorance and those are facts…. People have become reliant on over working themselves to the point of being laid off and becoming behind on car payments and mortgages when some of it could have been avoided in the first place. Sad thing is almost half of the country is relying on credit cards to survive dragging themselves deeper in debt. The problem is people do not want to sacrifice the lifestyle they have in order to struggle for awhile so it could pay off in the long run. I know a few smart people who lost their jobs/home and ended up living in their car for 6 months to a year while saving money and working at the same time. At the end of that year those people had more money than those who chose to pay all of that money for a lifestyle they couldn’t afford. WORK SMARTER NOT HARDER WAS THE KEY 🔑 Another key is to get right with Jesus Christ. Amen 🙏🏾

In 2020 I asked the following question when the national debt was $26 trillion... 'Can U.S. Interest Rates Ever Be Allowed To Rise' https://lnkd.in/gMs5huvu Now the US national debt is closing in on $35 trillion, and at the current borrowing rate, the interest payments are about $1.6 trillion a year! As the country continues to borrow, will the Federal Reserve do everything to justify a rate cut or, at the very least, no rate increase? Consumers with debt and the real estate market will be watching closely! What are your thoughts? _____________________________________________ If You Are Buying A Home Or Commercial Property In New York State, You MUST Protect It…That's Where Title Insurance And Due Diligence Come In! Always Research The Title Insurance Provider That Will Be Used For Your Purchase! Watch ‘If You’re A Homebuyer In New York You MUST Protect Your Investment…That's Where Title Insurance And Due Diligence Comes In!' here https://lnkd.in/eME5S_3u. And remember that it’s your RIGHT to choose the title company you would like to use! Hallmark Abstract Service...You Buy Real Estate, We Protect It! #federalreserve #interestrates #USdebt #inflation #economy #insolvency #realestate #consumerdebt #mortgagerates

Living within One's Means is and Always Will be a Virtue and Necessity for Both Governments and Their Citizens ******************************** "Several decades would pass, and many vicissitudes undergone before I could master the simplest and most important of all the rules of material welfare: The most brilliant financial strategy consists of living within one's means." -BEN GRAHAM (1996) "Persuaded as the secretary is that the proper funding of the present debt will render it a national blessing, yet he is so far from acceding to the position, in the latitude in which it is sometimes laid down, that 'public debts are public benefits,' a position inviting to prodigality and liable to dangerous abuse, that he ardently wishes to see incorporated as a fundamental maxim in the system of public credit of the United States, that the creation of debt should always be accompanied with the means of extinguishment. This he regards as the true secret for rendering public credit immortal." -ALEXANDER HAMILTON (1790) ******************************** It was pleasure speaking with Andy Hill, AFC® on the Marriage, Kids, and Money podcast. We spent most of our time discussing the most concerning financial issue for the United States in the 21st century: the rapid rise in the federal debt and the unsustainable federal spending that fuels it. An important myth that needs to be dispelled is that this spending is normal. In reality, it is a remnant of the nation's extraordinary, but ultimately temporary, wealth that was amassed in the aftermath of World War II. Tune in to this podcast to learn more, and feel free to pick a copy of "Investing in U.S. Financial History: Understanding the Past to Forecast to Future" to get the full story. https://lnkd.in/gz8NbFsc #federaldeficits #finhistory #fiscalpolicy

Debt Ceiling Raised to Stratosphere Fellow citizens please will you listen Something’s afoot should make you bristle Games being played on Capitol Hill Explain your shocking grocery bill (About time someone blew the whistle) The Debt Ceiling Game - a sordid affair But what’s a few trillion here or there? To pay off our debts we just borrow more Such thinking clearly daft to the core (But do Capitol Hill posers really care?) Loving to kick the can down the road Avoiding real action the politicians' code With round after round of posturing pretension They vote on another two leg extension (Betting voters return to slumber mode) On the Hill both sides point at each other Looking to create more TV news fodder Playing politics can be quite funny Long as you play with others’ money (And for real solutions don’t give a bother) For the government has so much debt to pay They simply aim to inflate it away Repay creditors with cheaper dollars The classic solution of Keynesian scholars (Who ignore bad outcomes ‘til a later day) Bank Term Funding the latest act of sleaze The Fed and private banks all ‘pretty please' Give us your sub-par Treasuries we’ll credit you in full (Don’t say this is temporary - That’s a load of bull——) While consumers and small businesses get squeezed When T-bills and bonds need to be sold The flush banks now will do as they’re told But OPEC and BRICS awoke They smell this fetid pig in a poke Their appetite for Treasuries suddenly grown cold While the public robbed of purchasing power Grow angrier and surlier by the hour 'Though we prefer more peaceful means We easily envisage uglier scenes (When leadership fails situations turn sour) Might some emulate old Guy Fawkes Who took exception to WASPish folks? Somewhere at The Duck and Drake Do ‘patriots’ plot for Uncle Sam’s sake? (Does danger lurk for both doves and hawks?) We are not preaching sedition Preferring to lean towards erudition Gandhi, Hume, and Luther King Are more the energies we would bring (Instead of ‘the right to bear arms’ tradition) But as Bob Dylan warned with urgency ‘The enemy I see wears a cloak of decency’ To avoid a complete train wreck Way past needing honest hands on deck (Or Doomsday becomes quite real, I fancy) ‘The Fiscal Responsibility Act of 2023’ Doublespeak supreme - got to be kidding me! Over $3 trillion more added to our debt Levels Banana Republics haven’t reached yet No limits to Washington’s chicanery! At the House of Rogues they’re having a blast The “laddered” continuing resolution gets passed All the necessary votes sold and bought No spending cuts. Perish the thought! Again Joe Public the one to get gassed #debtceiling #joebiden #cbo #janetyellen #gop #mikejohnson #republicans #democrats #jeromepowell #continuingresolution #debtdefault #yieldcurve #bondvigilantes #moodys #fitchratings #gold #treasuryauctions

Household debt is up and the personal saving rate is down, despite people saving unprecedented amounts of money during the early part of the COVID-19 pandemic. I took a look at the problem and found local resources for people hoping to dig out of the financial hole or stay out of it altogether. Here is part two of my series, which published this week in the Dayton Daily News. #Debt #debtmanagement #savings #budgeting

One of the first steps for taking control of your finances is understanding the difference between good and bad debt. Learning the difference can help you evaluate your financial standing, make important adjustments, and allocate just enough savings to secure your future! 🌼💰 Good Debt 👍 Good debt involves borrowing for investments or purchases that appreciate or generate income over time, such as a mortgage for a home or student loans for education. As part of your financial spring cleaning, reviewing your good debt is crucial to ensure you're making timely payments and leveraging potential tax benefits. You might also explore refinancing options to lower interest rates. Bad Debt 👎 Bad debt, on the other hand, is when you borrow for items that don't retain or increase in value and often come with high-interest rates. Examples include credit card debt for non-essential expenses like dining out or luxury purchases. To tidy up your finances during spring cleaning, address bad debt by creating a repayment plan for high-interest debts, consolidating loans when feasible, and avoiding further accumulating such debt. This frees up financial resources for more productive purposes. So take a closer look at your debts this season and plan for financial success! 🚀✨ Join us as we work towards a cleaner, more secure financial future at www.urpenny.com 🏷️ #Spring #SpringCleaning #Debt #Relationship #GoodMoneyDecisions #MoneyGoals #PennyCommunity

Despite #creditcard debt spiking across the country, consumer spending has only increased as well this holiday season. If you are finding yourself in #debt from the holidays, #creditcounseling may be beneficial to your finances in 2024. NFCC's Bruce McClary tells WTKR News 3 that counselors will ask about the status of your bills, how much you owe, how many credit cards you have, and any lingering debt. "They're going to help you better understand the choices that you have in front of you so that you can make the best-informed decision for yourself and your family," says McClary. Read more here: https://loom.ly/QxZOrYQ

House and Senate Propel Government Operations Until March! The House and Senate rally behind a new continuing resolution, guaranteeing government functionality until March. Then, the circus starts again. Fiscal Insights: U.S. Government Tackles Escalating Debt Deficit! The initial months of fiscal 2024 (Oct-Dec) reveal a staggering deficit of $510 billion, with December alone accounting for a standalone deficit of $129 billion. The cumulative government debt hits a record $34 trillion, projected to surge by the fiscal year-end in September. Navigating Challenges: Debt Accumulation and Interest Rate Talks! Despite ongoing discussions on lower interest rates on the horizon, the road ahead involves a steep climb as we consider accumulating more debt. Funding this debt will likely demand higher rates. And yet, Consumer sentiment report that came out this morning shows 9 points increase to 78.8 in December! Say what? Consumers feeling optimistic amid record-breaking debt figures, to the tune of trillions? 😩 I guess we just have to wait and see. #economicoutlook #interestrates ***The views expressed in this post are solely my personal opinions and do not represent the stance or opinions of The Yi Team, DBA of Vellum Mortgage, Inc., or our parent company Vellum Mortgage, Inc. NMLS #1657323, Equal Housing Lender, or any other individual or organization. I value open dialogue and diverse perspectives, and my intention was to share my own thoughts on the subject matter. Understand that any statements I made are not endorsements or official statements from the Yi Team or Vellum Mortgage Inc.***

P.T. Barnum's wisdom reminds us of the weight debt carries. Explore effective ways to manage your finances, negotiate interest rates, and increase your income. Here’s this week’s blog by B&F Director Teresa Kakadelas, CFP®, CDFA™ https://lnkd.in/g6seNfsM #financialprofessionals #fiduciaryservices #investmentstrategies

As Future Life Wealth Management Limited 's Jillian S Thomas DipPFS EFA writes in her new opinion article for the excellent Derbyshire Times, it's essential to clear debt asap to ensure you create the future life you want... #future #wealthmanagment #wealthmanagementservices