Tuesday, June 10, 2014

Unexploited Finances: What?! Hillary & Bill Clinton Were Broke When They Left The White House?

Hillary Clinton recently stated the Clinton's were broke when they left the White House...is this the financial example we want in our leaders?

Politics aside, there are two ways to look at this:

Bad Example For Americans

The Clinton's were terrible with their money!

They received a salary of $200,000+ a year and ended up broke with massive debts!

Where did their money go? Did they have a budget? Are they encouraging Americans to spend beyond their means?

This is a blatant example of the financial mess that Americans find themselves in.  Overspending on luxuries.  Not focusing on their current and future goals or retirement.  The mentality that if we have the money lets spend it. Or possibly, let's put it on the credit card, because we'll earn enough to pay it off. But hey, we deserve it!

The public looks up to our leaders and celebrities.  We try to mirror them.  We care about what they wear (there are always articles on what the First Lady is wearing), how they travel (we cannot all travel on the Air Force One), and how they rub shoulders with big-wigs (not all of us can afford black-tie events).

When our President and Senators overspend, they're setting terrible examples!

Good Example For Americans

A story of triumph!

Starting in the hole - with massive debt and broke - the Clinton's were able to amass a fortune, estimated to be $80 million, since leaving the White House!

We've all made terrible financial decisions.  Who are we to judge others when they make these decisions?  Let's instead cheer them on their subsequently wise decisions! Find ways to get out of debt! Find ways to make a larger income!

These are the examples that we should show our children.  Look Timmy, the Clinton's were broke and now they're worth $80 million, and this is how they did it.

You can overcome bad financial habits!

(I would ask if the Clinton's have a budget, research their major purchases, and are really financially independent.)

You Decide

Which way do you look at this?  Are they bad examples of financial decisions and consumer excess?  Or are they good examples for overcoming financial obstacles to become wealthy?

Yours in exploiting life!

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