Tuesday, March 24, 2009

Marsalis on Today's Kids...

Found this video on a message-board thread discussing the perils of hiring "kids today."

It's Branford Marsalis — noted jazz musician (bio) whose brother Wynton (bio) was my trumpet-wailing idol in my school years — answering the question, "What have you learned from your students today?"

I pretty much agree with what Branford has to say, although I tend to look at it from a more money-centric perspective ... AND I apply it to "today's kids" parents as well.

Until just lately, it's been pretty rare for someone to be told they couldn't have something: That new McMansion? Sure, you can afford it. Credit's cheap and easy. And after all, house prices never go down.

Need a new $40k SUV? No problem. With nothing-down financing and terms to seven years, we'll mold the payment to your budget.

Couple rooms of new furniture? Extravagant stereo/theater setup for your living room?

Done, and done. All can be yours, with payments.

And look how well "Never say no!" has worked out for us.

— Posted by Michael @ 9:38 AM



He's precisely correct, too.

** Comments Closed on this Post **

Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]


Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]