Personal Finance Links: Integrity Edition
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For this list of personal finance links, I’d like to focus on having integrity. In poor economic times, we sometimes look for more ways to cut corners and occasionally this leads to us doing things which aren’t right. Here’s some links to various people showing integrity or lack of integrity as well as how you can help your fellow neighbor in this tough time.
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Integrity, Honesty, and A Big Bank Account by Political Disgust
Political Disgust talks about pro golfer J. P. Hayes who recently was disqualified from the 2009 PGA Tour and likely millions of dollars because he voluntarily told officials that he had violated 2 rules. Nobody else, including the officials had seen the rules violations, but J.P. Hayes was honest and told the officials. This shows an incredible amount of integrity to lose millions of dollars to do the right thing. I honestly don’t know if I could do it.
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Bail Us Out, My Corporate Jet Needs Gas by Fix the Pig
Justin talks about the ridiculous show by the Big 3 car companies as each CEO shows up individually in their company private jets to ask the government for bailout money. It’s amazing how incredibly pompous these guys are. When they start flying coach to save money, then they can start asking for money.
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File This Foreclosure Story under “Duh” by Tough Money Love
Mr Tough Money Love talks about all of the sob stories we hear in the news. Frankly, when you have people that get mortgages for more than they can afford, I don’t feel sorry for them at all. It’s not the governments job to bailout people who make stupid decisions. They knew they couldn’t afford the house and yet they purchased it anyways. Ridiculous!
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Leading By Example - Guest Post by Timeless Information
Armen talks about how it’s important for us to lead by example. Personally, I find this especially true with children. It goes with the whole saying of “Do as I say not as I do.” We often want our kids to do what we tell them, but if we aren’t doing the things we tell them to, we can’t expect them to follow our advice. When teaching your kids about money, make sure you are being an example of the things you teach them.
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The Season for Giving by Money Sessions
Brent talks about how important it is to give. This is especially true in a tough economy. People everywhere are in need. Going with the previous post about leading by example, this is a great way to teach your children to be giving. I highly recommend you support the Salvation Army or any other great charity that looks for donations this Christmas Season.
5 Comments on this post
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Mr. ToughMoneyLove said:
CJ: Thanks for the mention. I commend you for putting some links together under a “do the right thing” theme. We need more of that, all the way around. Excellent reading, all of them.
November 22nd, 2008 at 2:07 pm -
Political Disgust said:
CJ - thanks for the shout out for the article on my blog. It is a strange strange time for all of us. What one person would do compared to another can be vastly different depending on the economic and financial situation of each. If there ever was a time where we NEED integrity and honesty AND CALM it is now.
Thanks again!
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Political DisgustNovember 23rd, 2008 at 9:09 am -
Justin @ FixThePig said:
Thanks for sharing these articles CJ. I appreciate you highlighting one of my recent blog posts. 2009 is going to be a very interesting year for our country, and I couldn’t agree me more that integrity needs to play a huge role in getting back on track.
November 23rd, 2008 at 10:25 am -
Brent said:
Thanks for the mention. What a great reminder of how important integrity is during these times. People are struggling to get by now and it is very easy to fall in to the trap of making ends meet through less than honest means.
November 24th, 2008 at 9:06 am -
Beef Up Your Piggy said:
I absolutely agree that these bailouts for homeowners are ridiculous. Granted, I think there are some cases that are sad and shouldn’t have happened. But for the most part, people have to be responsible for themselves at the end of the day. People need to know their finances and their potential for the ‘what if’…plan for losing a job, plan for being injured, etc. In those cases, could you still afford that house. They should not be allowed to be bailed out every time. Part of the failure should be a learning lesson for them. What lesson do they learn if they are bailed out?
November 26th, 2008 at 8:20 am