Wisdom With Pops: Volume 1

Today begins a 3 part series that will honor my fasha.  AKA my father.  AKA Daddy.  AKA Pops.  AKA Burnout, but I don’t call him that because it’s silly.

 

 

They’re different.

I don’t like common knowledge.  It thinks it’s better than everybody.

How do you know what most people know?  Whatever.  You’re a punk.

But when it comes to common sense, I have to side with the geezers.

Ya know, the old folk who say it’s dead?

I think they’re onto something, even if they’re onto nothing else whilst sitting around the table at Hardeez every morning, reading newspapers and drinking coffee.

Dude, nobody even rummages through a newspaper anymore, not even to find the coupons.

Also, why Hardeez coffee?  Is it that good?

Also…. you don’t even know each other!!

You got that common sense thing down, though.  Power to ya, homie.

I digress.  Often.  (Speaking of which, I found out this week that I do not use naive correctly. I am not naive.  Rather, I’m clueless.  Shout out to Smokin’ Hot Wife for clearing that up).

Anyway… common sense.

But first, knowledge.  It can be taught, or it needs to be taught.

For example, checking your bank account.

You aren’t born knowing how to recognize numbers or how to check your account balance.  Now, 100% of the people I know are able to recognize numbers and check their account balance, but it’s still not something you just automatically know.

You have to learn numbers.

But since we’re here in America, we deduct that everyone we know (give or take a fourth of a distant relative) is well aware of how to find out how many dollars are in their accounts.  Common knowledge.

Sense, on the other hand, would be the understanding that if you do not have $100 in your bank account, you are not able to spend $150 on that pretty dress to play golf in.

And that’s where I become an un-understander, and that’s because of the way Pops raised me.

Pops told me when I was young to:

1.  Never get a credit card

2.  Do not get a 30-year mortgage

3.  Budget

Hold on.  I ain’t done.

1.  I’m not going to explain the exception.  I already have.  Click here if you care to know.

Why was he right?  Because there is a time for everything under the sun.

If I had gotten a credit card before I knew how to take advantage of them, they would have taken advantage of me.  And all the student loan debt I had accumulated  at the start of my marriage would have been a ton of student loan debt plus credit card debt.

And we could not afford to be worse.  Trust me.

Rock solid advice to an impressionable teenager/kid.

2.  Again, not a set in stone kind of advice.  Sure, a 30-year-mortgage is permissible.

However, if I had not been told to beware, I could have easily jumped in before we were ready.

No money for a down payment?  Scary situation.

Oh, that $450/mo payment looks nice?  How bout that $100k in interest?

Mmm.  Rock solid advice to an impressionable teenager/kid.

3.  I don’t really think there is any need to elaborate.

But I’m going to anyway.

A budget is the building block of all things money.  Wanna be debt free? Budget.  Wanna be rich?  Budget.  Wanna buy a dress to play golf in?  Budget.

There are other behaviors involved, but without a budget you’re screwed.

Rock solid advice to…. everyone!

Pops didn’t give his advice out of ignorance.  Unfortunately, he gave it out of experience.

I grew up believing it was all comon sense.

I still believe it’s common sense.

Avoid paying interest at all costs is pretty sensible to me.

Do not conform.