Personal Responsibility Is The Key to Financial Success

I think if I hear the words “bail out” once more I might scream. It seems that everywhere I turn these days someone, some company, or some institution is getting bailed out of their bad financial decisions. As someone who has tried very hard to live within the rules and not make bad or irresponsible decisions, this gets to me. When times have been tough for me, I have worked through it, not looked for someone to bail me out. I have taken responsibility for my own financial situation and, when it wasn’t so great, done all I could to make it better. It burns me that those who have been irresponsible are getting their misdeeds reduced or forgiven.

Personal responsibility is a

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10 Responses to Personal Responsibility Is The Key to Financial Success

  1. The second mum you talk about is in my opinion the true American hero – she deserves the credit although she usually doesn’t get any!
    I completely agree with the “be responsible” attitude.
    For those of us who are responsible – it can be difficult to see other people buying nice things on credit but we always know that in the longer run we made the right choice!

  2. Jay Gatsby says:

    It’s a waste of time to worry about people who fail to take personal responsibility for their own mistakes. I look at such people as casualties of social or financial Darwinism. True, the Government often keeps such people from failing completely, but why worry about what they’re getting? Would you trade places with them just because they’re getting a bailout?

  3. Lori says:

    The shame of it is that one persons bad decisions often result in innocent parties being caught in the fall out. One company wastes and doesn’t save, so they have to lay off workers that they need and kick the remaining workers into overdrive. If the single mother you talked about hadn’t done the right thing, her children would have suffered worse than her.

    We’re mad at the bailed-out companies now, but we should have been just as angry when times were good and they weren’t making the right decisions.

  4. Heibi says:

    Excellent post. Well said.

  5. Nagel says:

    Excellent post. I appreciated your comment about personal blind spots. It’s like the Biblical phrase, along the lines: “Before you take the straw out of your neighbor’s eye, first take notice of the 2×4 stuck in your own eye!”
    I had a co-worker who would encourage me to buy this nice outfit, go to that great spa, eat at that fancy restaurant she had been to. I quietly nodded, ignored her and clicked on my checking account to move more money to my savings account every payday. Now, I am unemployed, and until my benefits started to kick in, I survived off my amassed savings. I sleep easier at night, not grinding my teeth with worry. She recently bought a new car and may get laid off soon.

  6. justme says:

    my Dh has a coworker who went and got 375 dollars from st vincent Depaul because he could not pay his own utilities then the next day this same guy tells DH that he has joined a gym

  7. Tom Brown says:

    A good Read Great Post Thanks
    have added you to my favorites :)

  8. China Brooks says:

    Great post; taking control of my financial life was one of the most empowering things I have ever done. I’ve always had great earning potential but I still found myself in a rough cycle of make, spend, freak out, and start all over. I begin to commit to change; reading a lot of books and planning. Sitting down and brainstorming ways to make money (coupled with action) was and is beyond helpful. I realized that it’s not how much money you have, but what you do with that money. I just got fired from one of my three jobs and I am okay because I have an emergency fund. It’s hard work but financial security feels better than instant gratification (and lasts longer).
    Thanks again for this post.

  9. Gail says:

    Great post!

  10. Linda Hubbard says:

    Great post. Should be required reading for every high school student.

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