Who says you can’t have it all? Reality does. Fortunately and unfortunately, reality is setting in for a greater share of the population. Between overextended debt and overextended wants, the entire concept of ‘the American Dream’ is being seen more as a nightmare. In a sense this is good because trying to meet unreasonable expectations is not good for anybody’s psychological state. On the other hand, it’s bad because what once was thought to be very attainable has moved further from our grasp. A regression away from a once attainable dream is not progress.
A growing number of individuals are born into their adult lives with student debt in hand. After building their student debt, they arrive into the ‘real world’ (post college) with expectations of a life as a wage earner. All too often when the wage earned and expectations do not reconcile, borrowing must occur. Whether this is for a home, car or other items and services, debt is turned to as the solution.
Student debt, mortgage debt, automotive debt and credit card debt will become your four housemen of the debt driven apocalypse. Yes, the college degree exists, the house exists, the car exists, and the ‘stuff’ exists, but at what cost? It’s not that these items are not good to have, it’s just how they were obtained that is the issue. Debt is an unyielding master. Every item listed is not without a cost and debt financing is another name for enslavement of your future self. You’ve sold your future for the wants of today.
If you want to save your mental and financial well being, then you need to change your priorities. Otherwise, you will face the fact that you are placing yourself in a situation where you will spend the better part of your life chasing a dream that becomes further from your grasp and more difficult to keep pace of with each passing day.
Happiness and self-fulfillment come in many shapes and forms. It does not revolve around prepackaged ideals of what defines ‘the good life’.
Create your own dream and be your own master.