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Can We All Afford to Ignore This?

Can We All Afford to Ignore This?

What the heck is an  “Unfunded Liability”?

In our efforts to build the American dream, encourage people to work hard and be good law abiding citizens our society invented the safety net of social services and financial back ended rewards such as pensions and social security.  Great motivators—and I am all about motivation—however when you put in the time and then the reward is not there when you need it, it creates the “great consternation.” This ,my friends is called “Unfunded Liabilities.”

If you borrow money from a bank, you are expected to pay it back. If you gamble at a casino on your credit card, you are expected to pay back your losses. If you promise a friend to help them in the future, your friend expects you to help.

If you don’t have the cash to pay back the loan, squander your credit on gambling or have no intention of helping your friend—those are “Unfunded Liabilities,” which will damage your relationship.

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So, what happens?

A bank can harm your credit rating and you might lose the friend; the gambler may bring some real hurt to collect the debt.

I listen to talk radio a lot.  Being a talk show host leads you into the talk show world and I always want to improve not only the vocabulary, but to find new issues to talk about, plus I just enjoy the learning process.

So I have been hearing this term “Unfunded Liabilities” quite a bit. This is something I want to talk about more in depth, as it really gets my motor firing.

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I am convinced that the best way to deal with our nation’s unfunded liabilities is for each and every one of us to deal with our own, personal, unfunded liabilities whether it be health, fitness, happiness, and/or finances.

Let’s improve our quality of life

I want us all to improve our quality of life.

Ignoring debt can only make matters worse; head in the sand will not protect you when the tsunami hits the shore.

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Unfunded liabilities, entitlements, pensions and the like started as great ideas.  However, moving forward into the future, they have become an incredible hindrance.

We don’t have to do it alone. We can help each other solve our own problems together. Friends help friends, neighbors help neighbors, and, ultimately, citizens reach out to each other to improve our collective health, fitness, and finances.

That will make a lot of us happy.

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It is time to step up and fix things.  Through adversity grows opportunity I like to say.

We need to become engaged in the process of improving our QOL (quality of life), because our road trip is just beginning and we need all of the tools and supplies that will make this a memorable road trip into the future; so what are these “tools and supplies”?

QOL List

Here is the start of our list, and I would like everyone to contribute their own thoughts. No idea is a bad idea!

  1. Live in the moment and look forward to the future—reminiscing is ok but we have way too many cool things coming to dwell.
  2. Small steps to improve your QOL—great road trips take planning; making changes in your life take time, imagination, and a positive mental attitude. Now we are talking.
  3. Accept the fact that to worry about unfunded liabilities and entitlements is a waste of time. Strategize. Find your passion and don’t sweat the small stuff.
  4. Build your foundation for the roadtrip by equipping the bus with all of the tools that will empower us to have a blast, be it education, training, or volunteering, nutrition, fitness and rest—all of these tools need to be in our toolbox.

With all your help, we can accomplish this!

Featured photo credit: US Federal Government via google.com

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tom matt

Talk show host, Author, Professional Inspirational Speaker, Higher Education-Telecommunications Professional

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Last Updated on December 3, 2019

10 Life Lessons You’d Better Learn Early on in Life

10 Life Lessons You’d Better Learn Early on in Life

There are so many lessons I wish I had learned while I was young enough to appreciate and apply them. The thing with wisdom, and often with life lessons in general, is that they’re learned in retrospect, long after we needed them. The good news is that other people can benefit from our experiences and the lessons we’ve learned.

Here’re 10 important life lessons you should learn early on:

1. Money Will Never Solve Your Real Problems

Money is a tool; a commodity that buys you necessities and some nice “wants,” but it is not the panacea to your problems.

There are a great many people who are living on very little, yet have wonderfully full and happy lives… and there are sadly a great many people are living on quite a lot, yet have terribly miserable lives.

Money can buy a nice home, a great car, fabulous shoes, even a bit of security and some creature comforts, but it cannot fix a broken relationship, or cure loneliness, and the “happiness” it brings is only fleeting and not the kind that really and truly matters. Happiness is not for sale. If you’re expecting the “stuff” you can buy to “make it better,” you will never be happy.

2. Pace Yourself

Often when we’re young, just beginning our adult journey we feel as though we have to do everything at once. We need to decide everything, plan out our lives, experience everything, get to the top, find true love, figure out our life’s purpose, and do it all at the same time.

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Slow down—don’t rush into things. Let your life unfold. Wait a bit to see where it takes you, and take time to weigh your options. Enjoy every bite of food, take time to look around you, let the other person finish their side of the conversation. Allow yourself time to think, to mull a bit.

Taking action is critical. Working towards your goals and making plans for the future is commendable and often very useful, but rushing full-speed ahead towards anything is a one-way ticket to burnout and a good way to miss your life as it passes you by.

3. You Can’t Please Everyone

“I don’t know the secret to success, but the secret to failure is trying to please everyone” – Bill Cosby.

You don’t need everyone to agree with you or even like you. It’s human nature to want to belong, to be liked, respected and valued, but not at the expense of your integrity and happiness. Other people cannot give you the validation you seek. That has to come from inside.

Speak up, stick to your guns, assert yourself when you need to, demand respect, stay true to your values.

4. Your Health Is Your Most Valuable Asset

Health is an invaluable treasure—always appreciate, nurture, and protect it. Good health is often wasted on the young before they have a chance to appreciate it for what it’s worth.

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We tend to take our good health for granted, because it’s just there. We don’t have to worry about it, so we don’t really pay attention to it… until we have to.

Heart disease, bone density, stroke, many cancers—the list of many largely preventable diseases is long, so take care of your health now, or you’ll regret it later on.

5. You Don’t Always Get What You Want

“Life is what happens while you’re busy making other plans.” – John Lennon

No matter how carefully you plan and how hard you work, sometimes things just don’t work out the way you want them to… and that’s okay.

We have all of these expectations; predetermined visions of what our “ideal” life will look like, but all too often, that’s not the reality of the life we end up with. Sometimes our dreams fail and sometimes we just change our minds mid-course. Sometimes we have to flop to find the right course and sometimes we just have to try a few things before we find the right direction.

6. It’s Not All About You

You are not the epicenter of the universe. It’s very difficult to view the world from a perspective outside of your own, since we are always so focused on what’s happening in our own lives. What do I have to do today? What will this mean for me, for my career, for my life? What do I want?

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It’s normal to be intensely aware of everything that’s going on in your own life, but you need to pay as much attention to what’s happening around you, and how things affect other people in the world as you do to your own life. It helps to keep things in perspective.

7. There’s No Shame in Not Knowing

No one has it all figured out. Nobody has all the answers. There’s no shame in saying “I don’t know.” Pretending to be perfect doesn’t make you perfect. It just makes you neurotic to keep up the pretense of manufactured perfection.

We have this idea that there is some kind of stigma or shame in admitting our limitations or uncertainly, but we can’t possibly know everything. We all make mistakes and mess up occasionally. We learn as we go, that’s life.

Besides—nobody likes a know-it-all. A little vulnerability makes you human and oh so much more relatable.

8. Love Is More Than a Feeling; It’s a Choice

That burst of initial exhilaration, pulse quickening love and passion does not last long. But that doesn’t mean long-lasting love is not possible.

Love is not just a feeling; it’s a choice that you make every day. We have to choose to let annoyances pass, to forgive, to be kind, to respect, to support, to be faithful.

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Relationships take work. Sometimes it’s easy and sometimes it’s incredibly hard. It is up to us to choose how we want to act, think and speak in a relationship.

9. Perspective Is a Beautiful Thing

Typically, when we’re worried or upset, it’s because we’ve lost perspective. Everything that is happening in our lives seems so big, so important, so do or die, but in the grand picture, this single hiccup often means next to nothing.

The fight we’re having, the job we didn’t get, the real or imagined slight, the unexpected need to shift course, the thing we wanted, but didn’t get. Most of it won’t matter 20, 30, 40 years from now. It’s hard to see long term when all you know is short term, but unless it’s life-threatening, let it go, and move on.

10. Don’t Take Anything for Granted

We often don’t appreciate what we have until it’s gone: that includes your health, your family and friends, your job, the money you have or think you will have tomorrow.

When you’re young, it seems that your parents will always be there, but they won’t. You think you have plenty of time to get back in touch with your old friends or spend time with new ones, but you don’t. You have the money to spend, or you think you’ll have it next month, but you might not.

Nothing in your life is not guaranteed to be there tomorrow, including those you love.

This is a hard life lesson to learn, but it may be the most important of all: Life can change in an instant. Make sure you appreciate what you have, while you still have it.

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Featured photo credit: Ben Eaton via unsplash.com

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