Have You Noticed the Giant Toy Sale Going on Lately?
I spend quite a bit of time on the road each week and recently, I have really noticed the incredible front yard inventory of adult toys. All I see is SUVs, pickup trucks, Jeeps, antique autos, boats, motorcycles, jet skis, and snowmobiles with "For Sale" signs on them. Folks with cash will certainly find some fire sale bargains.
Times are tough and people's extravagances are finally catching up to them. It would seem people are discovering how much is really enough. Funny thing is, I don't believe lessons will be learned-- people have short memories. This time will be no different.
The questions I ask when I see these things:
- Do you think all of these people have an emergency cash reserve?
- Adequate insurance?
- College savings?
- Retirement savings?
Probably not. Personally, I have sworn off toys like these until I can answer "Yes" to all of the proceeding questions.


Comments