Pumps' Perplexities

Many years ago, you were taught to save
money, buy what you wanted and OWN it......
There was a little credit in those days......
Perhaps the local grocer, put you on the "cuff"
for a few days until a pay check came in.....
You may have borrowed on Wednesday for
a pay back on Friday.......

In today's world people do not OWN a lot
of their "stuff"......OK, we know that the
house and car HAVE to be bought on credit,
but that little bunch of credit cards in your
back pocket, let you buy your sneakers,
groceries, gasoline and other items.....These
items you DO NOT OWN.....Let's face it...
It seems like you are renting them, with
interest, until you fully pay off their
purchase......

On any application form, for anything,
there is a line about your home......It asks
the question do you "rent or own" your
home.....There are only about 25% of the
people in America who DO OWN their
home.....The rest are paying off a mortgage....

The pity about the current crisis is that
the Plasma TV, furnishings, and most of
the food and clothing in the same house
are NOT OWNED but mortgaged also.....

All this proves that a great axiom of business
has failed....."You can not live off other
peoples money"......"You must have your
OWN" to survive......Pumps