Are You Stressed About Your Personal Finances And The Economy?
This week, CNN reported that 80% of Americans are stressed about their personal finances and the economy, according to the annual survey conducted by the American Psychological Association. And, the most recent series of televised presidential and vice-presidential debates may or may not have made you feel better about the outlook for the housing market, the economy in general, or your personal finances.
Here now comes Ramit Sethi, a recent technology and psychology graduate from Stanford University who offers some straight talk about your money. Ramit’s blog is called www.iwillteachyoutoberich.com, which sounds a bit like a get-rich-quick type of scheme to me, but Ramit is quick to point out that “No, it’s not a scam, I’m featured in the Wall Street Journal, New York Times, NPR and CNBC”. Well, alright then, I’m sold. Moving right along, Ramit offers some “politically incorrect” (his words) thoughts on “The Truth: What Obama and McCain won’t tell you about your money”.
I’m not sure, but after reading Ramit’s article, that 80% figure cited by the American Psychological Association might inch closer to 95% territory. Don’t take my word for it though, head on over to Ramit’s post, and decide for yourself, whether or not his observations hit the nail right on the head.
[via Lifehacker] [image courtesy Nauris]
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Tags: Economy, Personal Finance
great article you live in a beautiful area 
Fair enough. Thanks for all your work on these quarterly reports and for sharing them. 
Great questions, JB. In my view, there hasn't been any significant correlation between the conclusion of the tax credit and ...
The gloomy picture painted in the blog is far from reality as the American economy is still the most vibrant one and will sure ease the stress and bring prosperity under the new political regime.
@Seattle Washington real estate
Your optimism is to be commended, but so you know: The primaries and the presidential elections are behind us now
Mr. Ramit Sethi claims among other things in his post: “Things will get a lot harder before they get better”. Isn’t that what the new prez said in his inauguration speech, as well?
In fact, I’m re-reading his post, just because you brought it up. What’s he really saying? Live within your means, realize that homeownership may not be for you, don’t overestimate the value of your home, don’t spend money on stupid stuff, be a disciplined investor. That all sounds reasonable to me. I don’t follow where you see a gloomy picture being painted.