Feminists on a Plane!

On Sunday night, I headed to the Dulles Airport (IAD) because I have business this week in the Phoenix, Arizona area. As my Uber driver approached the entrance, I noticed an unusually large amount of traffic for a Sunday evening. Upon entering the airport, I discovered the reason for the added congestion.

Feminists from all over the country descended upon Washington for the “Women’s March” the day before. The terminal suffered a concentration of pink hair, lip rings and militant grimaces. IAD never felt so uncomfortable.

Then it occurred to me, “How did all of these young women pay for their trip?!” Most of them probably have approximately $30,000 in student loan debt while waiting tables and tending bars. Most of them probably don’t have $1,000 saved. Most of them are probably still on their parents health insurance. Most have approximately $3,500 in credit card debt.

I don’t know how these young women paid for their trip, but I do know that it was waste of their time and money (or most likely their credit). Washington does not have the answer for young people struggling to get ahead in the wake of Obama’s failed economy. These young “ladies” would be far better off investing their time watching episodes of KF.

Last week was a big one for KF. Not only did we interview Rob Kirby, Andy Hoffman and Craig Hemke, but we also passed 500 subscribers on YouTube! Additionally, we got to interview Dr. Keith Smith who is a pioneer in the free market healthcare industry. KF is becoming a legitimate source for information on free market capitalism and sound money, and we thank you for making that happen.

If you want to support the show while protecting your wealth, then you can click the  Goldmoney banner above!

The guest this week will be Hunter Thompson, so reply with your questions now!

Starting All Over Again

Vin

When it comes to starting over financially, many Americans ascribe to a defeatist attitude.  “I’m just always going to be broke,” these people say to themselves.  Many of them excuse their behavior saying, “I’m bad with money because my parents were too.”  These people could learn a lot from people who had money, and then lost it all.  Ex-NBA star Vin Baker is a great example of someone who is making this transition.

Baker, a 13 season veteran and four time all-star, blew $100 million during and after his NBA career.  Now the former millionaire is working as a barista at a Starbucks in North Kingstown, Rhode Island as part of his training to become a manager.  When interviewed, Baker told Kevin McNamara, “I’m 43 and I have four kids. I have to pick up the pieces. I’m a father. I’m a minister in my father’s church. I have to take the story and show that you can bounce back. If I use my notoriety in the right way, most people will appreciate that this guy is just trying to bounce back in his life.”

Vin Baker’s message is a lesson to the rest of us that just because you have no savings, doesn’t mean that you never will.  Your current net worth is the accumulation of all the decisions you’ve made over your lifetime.  You cannot change the financial indiscretions of youth, but you can immediately start fixing that problems that you created in the past.  It won’t be easy, but great satisfaction will come from getting out of debt, building a savings and leveraging the crash to your advantage.