Reaching Your Personal Financial Tipping Points

by William P. Meyers

Chapter 1

The Importance of
Your Personal Financial Tipping Points

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I believe that our society will be better off when most of us (hopefully all of us!) are living free of the crushing burden of debt. Debt and uncivil behavior go hand-in-hand. Debtors are often tempted or even compelled to steal from or cheat other people. The willingness of people to go into debt brings out the loan-shark instincts of some business people. Debt encourages substance abuse. Substance abuse both leads to lack of thrift and is easier to rationalize when nothing lies before you but numbing years of work that will barely pay the bills. Marriages are destroyed and childhoods ruined by money problems. Debt keeps people in ignorance; a parent’s debts may prevent a child from going as far as they can in education or business.

Finally, I’ve observed that citizens who are financially independent are better able to fulfill their civic responsibilities. The health of every society is directly related to the degree of civic responsibility of its citizens. I devote the final chapter of this book to civic responsibility. It is never too early to get involved in activities beneficial to society; do not postpone involvement just because you are still getting out of debt. I’ll explain the relationship between being personally responsible in your finances and being socially responsible as we go along.

Next Page - Chapter 2 (not yet posted)

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Copyright 2008, 2009 by William P. Meyers. All rights reserved.