Thursday, January 20, 2011

Dave Ramsey asks, "Would you fire you?"

I usually do not discuss politics or things of that nature with many people and especially not in public settings, but I think about this concept a lot. Particularly because I'm an accountant and I see a lot of wasted money and poor money management practices.  I am also concerned because my generation and those after me stand to suffer a great deal due to the mismanagement of finances.  (Don’t get me wrong. I don’t expect the government to manage my money, but we aren’t really given a choice in some instances.) So here's my philosophy (stolen from Dave Ramsey really) on governmental money management practices.


Governments and businesses should consider this Dave Ramsey scenario: "If you work for a company called You Incorporated, and your job was to manage money for You Incorporated and you manage money for You Incorporated the same way you manage money for you now, would you fire you?"

Wait a minute. Strike that. Reverse it. (Willy Wonka)

If you managed your money they way you manage the government’s (the people’s) money or the business’s money now, would you fire you?

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