Did you read about the foreclosure of the house owned by an elderly lady, the owner of Prince Chunk? She is not alone. While I know that the world economy is not very healthy, I was still a little surprised to read that the percentage of foreclosures in the United States rose by an astounding 55% in July, 2008, compared to a year ago.
Here's another brain dead statement. All that glitters is not gold. Even Ed McMahon, the TV personality, is facing a credit squeeze and may have his multi-million dollar Beverly Hills home foreclosed if Donald Trump does not step in.
Now, the scary thing is that Ed McMahon, of The Tonight Show fame, is already 85 years old, scary not because he is on the verge of losing his home but the fact that at that age, he still has to work.
And the problem is that almost all who have their homes foreclosed are already at the age where their contemporaries in other countries, other less developed countries, I should say, are already enjoying their retirement.
If there is anything to learn from this downturn, it is to plan our retirement better and I guess, keep that credit card away! Not all of us have "Donald Trump" coming to our rescue.
Here's another brain dead statement. All that glitters is not gold. Even Ed McMahon, the TV personality, is facing a credit squeeze and may have his multi-million dollar Beverly Hills home foreclosed if Donald Trump does not step in.
Now, the scary thing is that Ed McMahon, of The Tonight Show fame, is already 85 years old, scary not because he is on the verge of losing his home but the fact that at that age, he still has to work.
And the problem is that almost all who have their homes foreclosed are already at the age where their contemporaries in other countries, other less developed countries, I should say, are already enjoying their retirement.
If there is anything to learn from this downturn, it is to plan our retirement better and I guess, keep that credit card away! Not all of us have "Donald Trump" coming to our rescue.
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