I read an article today about how "lazy Americans" are
hurting the economy and I gotta say I'm a little offended.
The article starts out with Tyler Cowen, an economist, pointing to the fact that Americans have not started nearly as many businesses were started in 2014 as in years past.
Have you looked at the startup of a business venture? Holy crap. If you want to go with purchasing a franchise you need to have a large amount of liquid assets available, not to mention your net worth.
I looked into franchising a donut shop I think would succeed wonderfully on the East Coast. Ever heard of Shipley's Donuts? Oh my they are wonderful. To
franchise this company they require $200,000 liquid funds, $600,000 net worth, not including ability to purchase land in the area you are looking to build.
Most Americans I know don't have half of that even available. Hell, even going a cheaper route would be the Taco Truck thing. I've looked into it and it would still take almost $20,000 just to have a pull behind taco stand to set up. That doesn't include purchasing recipes (I am no chef but I've found several recipes that are terrific, I would feel obligated to reach out to those whose recipes I would use and purchase them), advertising, food costs, utensils, plates, the list goes on.
I wouldn't consider myself a Lazy American by any means but I definitely won't be starting any businesses just for the simple fact that I'm trying to get out of debt, not dig myself deeper. I work my ass off for what I have and so does my wife. Besides, I like to travel and if I were to open a business I wouldn't be able to travel at all unless it becomes a successful business, and that could take several years.
And no way I'm going to be a landlord, been there, done that (at least assisted with my father's slum lordship and I'm not going down that road, especially with this economy).
He claims we Americans have created an insulated life for ourselves and our children and we're afraid of change. Ok, I'll give him this point. Change is scary for a lot of people. I look to my own family and extended family and I see a lot of people going through the same motions because they are afraid of changing their norm. They complain about their life on Facebook but do nothing to change it (and that's part of the reason I'm only on Facebook a few minutes a day, my eyes can only roll so many times before they start to hurt). Even our little family has a routine that is difficult to change (we allow a lot of flexibility but for the most part it's the same, even down to the food).
Cowen also reports that we Americans aren't moving as often as we used to. Is that a bad thing? Living in one house usually means you're paying your mortgage down. I've lived in the same house for almost 12 years. We would like to make some major changes to it now that we can afford to do it but financially it doesn't make sense (to me, wifey might think differently at times). Yes we could probably sell our house but it would be at a significant loss from when we purchased it (right before the crash when everything was inflated). The only thing I would want to do is move closer to my wife's job so she doesn't have to commute so far but the houses in that area are a lot smaller and have no land (I need the land, I can't live so close to people, they bother me in large groups).
The article continues stating there is a great reset going to happen soon into Trump's presidency. He claims it usually happens after a great trauma or war (considering we've bombed Syria and Afghanistan in the last few days, I'm leaning toward a war).
The last thing I'll point out from this article is the fact that he wants people to take more risks in their personal lives. Once again, I'll give him this but only to an extent. Making a change in your life to improve it for the better is always a good thing. Taking a risk here can be extremely beneficial in many aspects. But before just "flipping a coin" there should be a lot of thought and consideration that goes into the decision. In addition to studying out the options one should pray for guidance (I will always encourage someone to reach out to Heavenly Father for guidance, as long as you believe he will help direct you).
After working in group homes and the parks and recreation department for over 10 years I realized I wasn't going to ever support a family. I needed to make a change so I returned to school and became a nurse. It wasn't cheap (combined debt for 2 bachelors degrees was well over $50k) but it has been significantly better for our lives. Now at this point in my nursing career, as much as I would like to further my education it doesn't make sense. I would have to return to school (not a bad thing) but that would take time away from my family for the 2-4 years. It would incur more debt, probably close to $100k, and I won't even double my current annual income doing this. Is it worthwhile? Probably not (it hasn't stopped one director from trying to convince me to return).
Going back to the offended part, just because we're not taking as many risks to "help the economy", why does that make us lazy? There are many more educated people out there than in the past, many of whom are living frugally so they can save for a nicer retirement. Or vacation. Our captivation on the internet is living vicariously through people who can afford to do things (at least for me). Why is it wrong to live frugally, save money, so we can have that week or two extravagant vacation with a few other nice outings while we wait? Once again, I work my ass off as does my wife, for what we have.
