Swimming Naked

Filed Under Debt |

It’s only when the tide goes out that you learn who’s been swimming naked.
Warren Buffet

And right now the tide is on its way out.

Have you always envied those people who drive nice cars, go on fancy vacations, and always wear designer clothes? Do not envy these people because most of them are “swimming naked”, or in other words, faking it. Most people cannot afford that lifestyle. They are using credit cards, lines of credit, and any other debt available to them to make you think they are living the dream. And if they don’t have to use debt to pay for their lifestyle, then they are probably just getting by with no savings, no college funds and tiny retirement accounts. They know how to put on a good show. Yet at night, when they are lying in bed in the dark unable to fall asleep due to the worry, they know what is really going on. They are indeed swimming naked and scared to death that the rest of us will find out.

We are starting to find out.

If you see yourself in this blog post, get your swimsuit on and take some action before it’s too late.

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