The Economic Bailout and Personal Responsibility

It seems as if everyone's eyes have been fixed on the events of the last two weeks. This economic "bailout" plan has brought out the best and worst in all of us. Some of us are confidently riding the storm, while others are fearful of what the future brings. We here at Kids Cash are confidently riding the storm. We firmly believe that capitalism works and that the future holds unique opportunities financially. Personally, I have been and still am 100% against this bailout plan. However, this is one of the best economic lessons our government could ever give us. President Bush wanted you and your children to buy the idea that to get out of debt you have to take on more debt in order to get out if debt. Huh? If you can understand how absurd that sounds, you are on your way to making it financially if you are not already there. The fairy tale he wanted us to believe was that the government would be our knight in shining armor, scooping us up from the mud and riding happily off into the sunset. That's not going to happen. However, there are some who desperately want to believe this. After all, they have been living off the government for years and see no other way out. Personally, I don't want my kids to have to depend on a welfare check in order to live, or have to depend on the government to bail them out of a lifestyle they couldn't afford. That's why it is important to take personal responsibility concerning money NOW; not only for ourselves but our kids as well.  This is the whole point behind Kids Cash- we are giving them skills they will be able to use the rest of their lives. We teach kids the benefits of living on a cash-only basis. When you live this way, you don't worry about your credit score, or if you can afford something or not. You know by what is in your pocket whether or not you can afford it and your credit score is nil when you pay cash (and besides you get a better bargain). And that's only the tip of the iceberg. But our kids will never know this kind of lifestyle unless they are taught. It is time for us parents to stand up and take responsibility for our financial future as well as those of our children. I want to know what you think. Please email me at kidscashconnection@gmail.com with your comments and questions. Let's get the conversation going on how we can give the brightest possible futures to our kids...   

Valerie Karnes, CEO