If you borrow money from a bank, you are expected to pay it back. If you gamble at a casino on your credit card, you are expected to pay back your losses. If you promise a friend to help them in the future, your friend expects you to help. If you don’t have the cash to pay back the loan, squander your credit on gambling or have no intention of helping your friend—those are “Unfunded Liabilities,” which will damage your relationship.
So, what happens?
A bank can harm your credit rating and you might lose the friend; the gambler may bring some real hurt to collect the debt. I listen to talk radio a lot. Being a talk show host leads you into the talk show world and I always want to improve not only the vocabulary, but to find new issues to talk about, plus I just enjoy the learning process. So I have been hearing this term “Unfunded Liabilities” quite a bit. This is something I want to talk about more in depth, as it really gets my motor firing. I am convinced that the best way to deal with our nation’s unfunded liabilities is for each and every one of us to deal with our own, personal, unfunded liabilities whether it be health, fitness, happiness, and/or finances.
Let’s improve our quality of life
I want us all to improve our quality of life. Ignoring debt can only make matters worse; head in the sand will not protect you when the tsunami hits the shore. Unfunded liabilities, entitlements, pensions and the like started as great ideas. However, moving forward into the future, they have become an incredible hindrance. We don’t have to do it alone. We can help each other solve our own problems together. Friends help friends, neighbors help neighbors, and, ultimately, citizens reach out to each other to improve our collective health, fitness, and finances. That will make a lot of us happy. It is time to step up and fix things. Through adversity grows opportunity I like to say. We need to become engaged in the process of improving our QOL (quality of life), because our road trip is just beginning and we need all of the tools and supplies that will make this a memorable road trip into the future; so what are these “tools and supplies”?
QOL List
Here is the start of our list, and I would like everyone to contribute their own thoughts. No idea is a bad idea! With all your help, we can accomplish this! Featured photo credit: US Federal Government via google.com
