August Bank Holiday Weekend-Again
To pick up my theme of earlier, it actually is breathtaking that this country can continue to award itself ever more time off from work.
Most right minded folks would like to think that they work hard and contribute to the well being of not only themselves and immediate family but also to the nation.
It is therefore extremely depressing to learn that as a nation our personal debts total more than the GDP of UK inc.
It appears that 23% of the population have no debts, 43% apparently have a levael of debt that thay feel ok with, and the remaining 34% obviously must have massive levels of debt.
Instead of taking more and longer vacations this country should collectively be working harder to achieve a lowering of debt and people should only buy what they can comfortably afford.
This is a favourite theme of mine, because of my business problems in the 90’s, (most of the Far East economies went bust and I was heavily into that part of the world) I learned a very hard lesson in money management, like going broke is better than all of the theorising about the subject.
I can therefore say with absolute certainty that my attendance at the University of Life although bloody painful at the time has turned out to be the best learning experience of my life.
All these people up to their eyeballs in debt therefore receive no sympathy from me, because the answer is in their own hands, they can shape their own destiny, and taking more and longer vacations is definitely not the answer.
Sir John
2 comments on to “August Bank Holiday Weekend-Again”
- The Wild Scotsman / Aug 25, 2007 9:48 am / Hey , John...mabye a few less taxes would help people get a wee bit out of debt. At least you have been through the shit and back again and have a few pound notes to show for it. Jeff
- john / Aug 25, 2007 10:32 am / Well maybe a few less taxes would help but that in itself would not be the solution IMO. As for me and a few pound notes to show for my efforts, I suppose that's true, and if I can do it 'most anybody can if they have the "Balls" for a long hard slog. John
