Showing posts from June, 2012

3rd Money Rule for Life - Greed vs. Contentment

"Nothing is enough for the man to whom enough is too little. -- Epicurus, Greek Philosopher, 341-270 BC Last night I read Mary Hunt's book "7 Money Rules for Life", and it was the third rule that I found to be known to me, but still not absorbed, even all these years after treading, seeing and reading about miseries and distress.  The writer did not use voluminous examples, or hundreds of pages to present her point. She writes with conviction and as a reader I found her words sincere.  It is never enough. Every flashy gadgets, clothes of impeccable finesse, shiny shoes, dining at restaurants declaring prosperity from its every polished spoons and glitzy interiors, demand contentment to be roughed and snubbed by bolstered greed. If my friend can buy the brand new car, why can't I? If I bought the New IPad just a few months ago, why can't I get the shinier Surface with fantastic Ultrabook specs? BMW? Hmmm...wait until you see my cuddled Bentley.  M

Shock from European Debt Crisis

This news article in The Globe and Mail has caught my eyes. Scary news, but all concerned folks should read it at once.  "...more Canadian households could find themselves underwater with their debt payments if unemployment were to spike, and that banks and the wider economy could suffer through close ties to countries like the United States and the United Kingdom that have tighter links to Europe." Why did this so grim warning came from the Bank of Canada? It is the apparently no end in sight debt crisis in Europe making many nervous in this side of the ocean.  New York Times has published an article written by Nikos Konstandaras, who is the managing editor of Greek daily newspaper Kathimerini. He argues that both the right and the left political parties in his economically struggling nation have failed his fellow countrymen by their ineptitude inability to find a common ground resolving this terrible crisis. The writer's following comment is vivid and provides a