January 15, 2016
“Recreational shopping is the shortest distance between two points: You and Broke.”
– Victoria Moran
The new year has begun in earnest. Goals have been set by individuals. The sun is rising on a ‘new beginning’.
With that in mind, where we travel on our way forward into the future has everything to do with where we’ve been.
Let’s see where we were financially – as a nation – in the year 2015.
What follows is an amalgamation of the biggest holidays in the American landscape, and what the establishment estimated the nation would spend as a whole during those days:
Fourth Of July
Americans planned on spending $7.4 Billion on Halloween alone. P.S. That includes $350 million dollars for pet Costumes. You read that correct.
During Thanksgiving, which is off course now notoriously coupled with Black Friday, and Cyber Monday, Americans were estimated to spend $80 Billion.
At the top of the proverbial pyramid of consumerism, Americans were expected to spend $600 Billion dollars.
The total estimated Americans would be spent just on those 5 Holidays was $706.9 Billion dollars. That’s nigh 3 quarters of a Trillion dollars. That’s a lot of freaking money paper!
Some will instantly say, but those are estimates and they would be right. But estimates have precedents, and while the number could be lower, it could also be higher. Especially since it doesn’t seem like Retail Rapture is ending any time soon.
One of the main tenets of this blog is empowering the individual. In order to forge ahead, individuals, which are the foundation of society, need to be cognizant of what they do if they want to move forward – breakaway – beyond the current system that taxes every aspect of y/our life.
With that said, in order for the nation to spend nearly 3/4 a Trillion Dollars, it takes a lot of individuals to carry that out.
Ponder this: what would happen if the entire country saved just 10% of that money? That seems quite reasonable. That would be a savings of $70 Billion in one year, as a nation.
And people are saying that the economy is going to collapse? Are you kidding me!
That there is an economic descent, is of course rather obvious. But a descent and a collapse are way different.
In any case, narrowing down this to the local, individual level, what would saving just 10% of your Holiday expenditures help you accomplish? Ruminate on that a bit. In fact, take your time and think long and hard how much saving just 10% of your Holiday money can help you building your future. There is a lot that can be accomplished given how much money was estimated to be spent.
Being cognizant of the above, where do we head too financially, as individuals, from here?
That, my friends, only you know can know.
Because the choice, is ultimately yours.
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