Saturday, April 11, 2009

My Truth

When I was young I thought adults were supposed to work hard to earn money to buy stuff. You would need to have a house and cars and boats,campers,motorcycles,clothes,watches,etc.

As I grew up and began acquiring things I noticed something quite peculiar. The more stuff you owned the more responsibilities you earned.

A car needs maintenance and repairs. It also needs insurance and gas. There are property taxes to consider as well as safety inspections and parking costs. All your property should be insured and of course you need to store it. Even an apartment has major costs to consider. Electric bills, gas bills,phone,cable,and several other indentures that you can accrue. Rent not having been mentioned for one.

So of course a source of income is required to maintain all these indemnities. Unless your family is wealthy enough to provide for you a job is going to be mandatory. Without a proper education or a great talent the pay scale is going to make it extremely difficult to keep up with the bills.

Of course no matter what pay scale you achieve the first entity to get paid is going to be your local, state, and federal government in the form of TAXES. Lets not forget every time you do spend your earnings you are going to have to cover your sales tax. Even your utilities such as gas phone elect. are going to be taxed. If you smoke tobacco or when you purchase alcohol or gasoline there will be taxes built right into the cost.

Another major cost and perhaps the most important is your sustenance (your Food). Three meals a day seven days a week plus snacks sodas coffee etc will be required.

Now lets consider another truth of life pertaining to your livelihood. When it gets hard to pay the bills or you want to own something you do not have the money for you will turn to the banks for help. They will most likely depending on your job status and income level provide you with credit. Of course you are promising to create enough wealth to maintain your life's responsibilities as well as repaying your debt. If your income is derived from hourly labor your promise requires you to work a portion of the week to accrue the monetary wealth to pay your debt. On top of the repayment of your debt you are going to have to give your bank a usury percentage for the privilege of using their money. It will not take you long to realize the more you borrow the higher the usury gets. If your debt gets out of control and you have difficulties making the monthly payments your friendly bank will charge you late fees and overdraw fees.