The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: What Kind of Future Is There?||Date: 12/1/2008 3:24 PM|
|Author: amuseing||Number: 15866 of 90027|
>>What kind of future is there for a nation that employs no one, educates no one, makes nothing, allows its infrastructure to rot in place...?<<
I had Thanksgiving with an extended family who are very dear friends of mine. I used to tutor their two sons in grade school so they are comfortable asking me questions. During dinner the 21 year old son turned to me and said he knew our economy was a mess but he didn't really understand it and asked me what I saw as the future for his generation. I didn't know where to start.... I told him no one can know the future ( obviously ) and that even in the depression there were people who found opportunity and were able to get through it without hardship. At that point his grandfather chimmed in about the banks and the people who shouldn't have gotten mortgages, etc. etc. and took over the conversation.
Later on the young man came up to me again and said he didn't really know how a mortgage worked so I began an explanation of borrowing money, interest rates, equity, payment as a reasonable percentage of monthly income.... and then we were interrupted again.....
I finally told him we needed to go get a coffee and have some one on one time during his Christmas break. And I'm thinking hard about what I want to say to him......
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|