happy times..

I could write about how the government gave credit card companies breaks on laws and rules regarding over charges and high risk interest rates.

The credit card companies were summoned to a Congressional meeting only to greet one another and call out attendance and which companies they represented. Then they were released..there was no hearing.

Several mothers had summons congressional leaders because college students were giving credit cards at the student union halls by certain credit card companies..the kids ended up so deep in debt in separate incidences and at different anniversaries..several hung themselves in their dorms.

Congress wrote and Bush passed a bill making it harder for people deep in debt to file bankruptcy.

Consumers must beware. Gone are days when banks wanted collateral and were stingy about lending money to just anyone. A borrower would have to be sure to have enough equity in their home or money in life insurance or savings bonds to back up the loan. The bank would want to hold the car title or there would be a lean against the house. In the past banks wanted to make sure they got their money back. Those days are gone. Now, banks want you to stay in debt till the day you die so they can continously make money off of you. Credit cards provide instant credit but should be used wisely and balances paid in full every month. I know that is very hard to do in today's economy where salaries have not stayed up with the cost of living and the price of rent or housing. So people have been relying more on credit cards to match the style of living they have grown accustomed to.

Credit cards should be considered a convenience in lieu of cash..not buying on time.

So, buyer beware not only of the good you are buying but of the method of payment for which you use.

I thing I found to be very interesting and that is the number of millions in this country is increasing. But, today in order to be a true millionaire one needs to have at least ten million... not just one million. And believe it or not millionaire worry about having enough to retire on..well and to continue with the high society life style that they have grown accustomed to.

So, we all have worried it appears, the poor, middle class and the rich. We all have our worries. Never enough no matter where we are in the financial society scale..it's never enough.

Frankly, I have enough. I live very simply and I like it. The things I enjoy most, walking, running, bicycling, drawing, writing and reading..just happen to be very inexpensive. And friends are priceless. When you look at it in those terms, without worry and with much love, then I believe that I am by for wealthier then those-so-called millionaires. Life is grand.