This recession here in the USA has been murderous. If you don't live here, don't believe what the media and the politicians say; its worse than they let on.
Houses are still going into foreclosure in record numbers. I don't need to see some federal report saying otherwise, I just drive down the street. I saw another one in the neighborhood go from "For Sale" to "Foreclosure".
People still can't get jobs. I read online today that there are about 3-4 million jobs posted online, in newspapers and company websites. There are conservatively 12 million looking for work and probably another 10 million more underworked or have given up.
And while many jobs are never posted online, that number is offset by the number of jobs which are listed as open, but which are never filled or filled by someone who already has a fulltime job. Don't even start me about US companies importing workers, such as H1-B visa holders, to fill a job in the USA.
Add to that is the number of jobs created in the most recent quarter - only 36,000. The USA needs about 150,000 jobs created monthly to meet new job searchers and 250,000 new jobs a month to make up for the losses of the past two years. It is not happening.
I think we are heading towards a "second bubble". The recession and the job killing cranked up in 2008 and came to a full head in spring 2009. While millions were effected, many were able to stave off foreclosure, charge offs and bankruptcy because they had something to fall back on. Credit cards, savings, retirement funds, stock accounts, borrowing and help from family.
That was two years ago and by my reckoning, it's over. Those people who were hit by the recession, lived on borrowed time and still have not recovered with a new job and income, are now joining the "early adapters" of the recession. All in all, it's going to get worse.
Now, what about the children?
Take the above and add it to kids. Children are watching their parents melt down before their eyes. Mom and Dad can't find a job. If Mom or Dad has a job, they are working double and triple time to keep it. Parents aren't around as much and when they are, they are still mentally checked out.
Bills are still piling up. Kids are listening to their parents on collection calls and being hounded by debt collectors. There is not enough money in the bank to keep the lights on and buy enough food sometimes. Nothing stresses a kid more than a utility going out while mom and dad run around the house looking for pocket change or something to hock.
One day one of the family cars is gone. The next day, Mom's debit card does not work at the grocery store. Dad tells the kids they are going to have to move in the next week.
And this is just a recession. A very bad recession, but still, just a recession. Now what happens when this is larger? What happens if the US defaults on interest payments or can't make it's entitlement checks or issues IOUs? What happens when the ripple effect hits Main Street and the price of everything skyrockets or is not available at any price?
Kids are incredibly resilient, but it is best they be prepared ahead of time. Let kids know they are loved and a family can be a family anywhere, not just in their present location. Let them know, no matter what, you will stay together, even it means sleeping in one room of Grandma's house. Let them know that it's not it's not their fault that Mom and Dad are short tempered. Let them know you love them no matter what.
I hope things get better. Not for me, but for my kids.
Showing posts with label kids and shtf. Show all posts
Showing posts with label kids and shtf. Show all posts
Wednesday, February 09, 2011
Tuesday, February 01, 2011
Prepare: How To Prepare Your Kids Pt 2
Yesterday, I posted this entry about Preparing your kids for an uncertain future.
Today, some solutions to the problem. No, I don't have any answers for what the "government should do" because a) I don't run the government and b) government messes things up generally more than fixing them.
Your child has to compete in a world and against the same world if that makes sense. A child in China, India, South America or the Middle East wants your child's seat in college, their job, their career and their lifestyle. Other countries and cultures have experienced what the West has had for over a century and now wants it for themselves even if it means putting your kid on the curb to get it.
The solutions for your child are not easy or politically correct. But look at what other countries are doing to compete and succeed against the US and other Western countries. I will just toss out "China and India" based upon current business and economic trends as well as personal experience and to keep it simple.
China and India are sending their children to school to learn business, English, industrial management, engineering, computer science, genetics, and medicine.
Americans and other Western nations are sending their children to college for degrees in urban, ethnic and gender studies, social work, urban studies, general studies, literature, art, and dance. Guess who will be creating jobs, staffing factories and managing the wealth of the future?
Chinese and Indians learn English so they can communicate with American companies and convince them to move their production to their countries. Americans learn Spanish so we can teach in public schools and communicate with the next person in line at McDonalds.
Chinese and Indians compete. They are not afraid to go head to head with any American company and do whatever it takes to win. Americans tell their children "everyone's a winner" and cooperation, not competition is the name of the game.
Chinese and Indians aspire to be wealthy, to move up the social and economic ladder to give their children more advantages when they grow up. Americans are constantly told that wealthy people are greedy and successful people are lucky. Americans are told the only way to make a lot of money is to win the lottery.
Chinese and Indians, while conservative in their business dealings, are more willing to take chances if it means a chance at greater wealth and success such as starting their own company or joining a smaller startup company. Americans long for secure jobs in government or in menial positions as long as they receive a regular paycheck and some benefits. Risk taking has become adverse to American culture.
Americans worship celebrities and entertainers so we have an entire generation which wants to be the next hip hop star, Disney actor or NBA basketball player. China and India want to be home to the next Bill Gates or Warren Buffet.
What do I tell my kids?
1) Concentrate on school. Get a degree, masters preferred, in a field with a future combined with a business degree.
2) Learn a profitable language for business. I would learn Mandarin, Spanish and Arabic as these are the fastest growing demographics with a customer base. Desired result: Sell them stuff and make money.
3) Be an entrepreneur. Work somewhere, learn what you can and start your own company, part time on the side or jump in with both feet full time. Even if you fail, it is better than being a failure for someone else.
4) Aspire to be better off than your parents. Be smart with money, invest in yourself, invest in growth and desire to be great.
5) Play sports. I can't stress how important this is for kids. Why? Life is about working for and against others to succeed. While individual sports like tennis, running and martial arts are good, the lessons learned from playing on a team are invaluable. In business, the most successful people I have met, especially those who succeed at office politics and competing for raises and promotions have been good at team sports.
6) Finally, take risks. Life is uncertain. Nothing is guaranteed. Put yourself out there and take a chance.
Raise your kids how you see fit. But remember, the world is not going to go away. Most of its citizens want what you have and are willing to do whatever it takes to get it.
I love my kids unconditionally. But, I would be much more proud of a child who starts their own business and works night and day, lives off Ramen noodles and is convinced they have the next great idea then an out of work poet who sleeps on my couch waiting for his great novel of prose to be discovered.
Today, some solutions to the problem. No, I don't have any answers for what the "government should do" because a) I don't run the government and b) government messes things up generally more than fixing them.
Your child has to compete in a world and against the same world if that makes sense. A child in China, India, South America or the Middle East wants your child's seat in college, their job, their career and their lifestyle. Other countries and cultures have experienced what the West has had for over a century and now wants it for themselves even if it means putting your kid on the curb to get it.
The solutions for your child are not easy or politically correct. But look at what other countries are doing to compete and succeed against the US and other Western countries. I will just toss out "China and India" based upon current business and economic trends as well as personal experience and to keep it simple.
China and India are sending their children to school to learn business, English, industrial management, engineering, computer science, genetics, and medicine.
Americans and other Western nations are sending their children to college for degrees in urban, ethnic and gender studies, social work, urban studies, general studies, literature, art, and dance. Guess who will be creating jobs, staffing factories and managing the wealth of the future?
Chinese and Indians learn English so they can communicate with American companies and convince them to move their production to their countries. Americans learn Spanish so we can teach in public schools and communicate with the next person in line at McDonalds.
Chinese and Indians compete. They are not afraid to go head to head with any American company and do whatever it takes to win. Americans tell their children "everyone's a winner" and cooperation, not competition is the name of the game.
Chinese and Indians aspire to be wealthy, to move up the social and economic ladder to give their children more advantages when they grow up. Americans are constantly told that wealthy people are greedy and successful people are lucky. Americans are told the only way to make a lot of money is to win the lottery.
Chinese and Indians, while conservative in their business dealings, are more willing to take chances if it means a chance at greater wealth and success such as starting their own company or joining a smaller startup company. Americans long for secure jobs in government or in menial positions as long as they receive a regular paycheck and some benefits. Risk taking has become adverse to American culture.
Americans worship celebrities and entertainers so we have an entire generation which wants to be the next hip hop star, Disney actor or NBA basketball player. China and India want to be home to the next Bill Gates or Warren Buffet.
What do I tell my kids?
1) Concentrate on school. Get a degree, masters preferred, in a field with a future combined with a business degree.
2) Learn a profitable language for business. I would learn Mandarin, Spanish and Arabic as these are the fastest growing demographics with a customer base. Desired result: Sell them stuff and make money.
3) Be an entrepreneur. Work somewhere, learn what you can and start your own company, part time on the side or jump in with both feet full time. Even if you fail, it is better than being a failure for someone else.
4) Aspire to be better off than your parents. Be smart with money, invest in yourself, invest in growth and desire to be great.
5) Play sports. I can't stress how important this is for kids. Why? Life is about working for and against others to succeed. While individual sports like tennis, running and martial arts are good, the lessons learned from playing on a team are invaluable. In business, the most successful people I have met, especially those who succeed at office politics and competing for raises and promotions have been good at team sports.
6) Finally, take risks. Life is uncertain. Nothing is guaranteed. Put yourself out there and take a chance.
Raise your kids how you see fit. But remember, the world is not going to go away. Most of its citizens want what you have and are willing to do whatever it takes to get it.
I love my kids unconditionally. But, I would be much more proud of a child who starts their own business and works night and day, lives off Ramen noodles and is convinced they have the next great idea then an out of work poet who sleeps on my couch waiting for his great novel of prose to be discovered.
Monday, January 31, 2011
Prepare: Your kids and their future
Our children are facing the most unknown future in the history of our country. They have no idea what their adult life will be like or what kind of shape the country will be in when they become adults. How are you preparing them for this future?
When it comes to education "good enough" never is. Stop thinking the local public is preparing your children to compete and succeed because it has some meaningless blue ribbon handed out by a state agency. Stop thinking that honor roll or comparative test score has your kid on the right track to succcess.
Stop assuming that if your kid is reading Harry Potter for the fifteenth time its "good" because he is reading a book instead of watching television or playing video games.
Stop assuming that if your child uses the computer to watch videos, play games and make friends on Facebook he or she is "tech saavy" enough for the twentyfirst century.
Stop assuming that if your kid plays soccer once a week he is getting enough exercise to build muscle and endurance and avoiding childhood obesity.
Stop assuming that "juice" boxes and fruit chews are part of a healthy diet and "Sprite" is okay to drink because it really isn't soda like Coke or Pepsi.
Stop assuming that those friends are a good influence because their parents attend the same church as you do or because the dads work together.
Here's the deal:
Your child is not only competing against the kid down the street or some kid in another state for college admission or a job someday.
Your child is competing right now against millions of children in China, India, Vietnam, Africa, and South America.
Your child is competing with these children for a limited number of seats at the best universities in the United States.
Your child will be competing against these same children for jobs and for the location of those companies which provide those jobs.
Your child is competing against these same children ultimately for his or her lifestyle including their home and future.
The rest of the world is enjoying economic success much like the US did over the past 100 years. And they are not happy with what they have received thus far.
They want their own comfortable house with two cars in the driveway, air conditioning and heat, running water, television, internet and telephones. And they need a certain financial means to achieve that lifestyle and the only way they can get that is by removing the same future from your kids.
They want your kids to live in a tin roof shack in a endless urban slum because, frankly, they think the USA has had it good for too long. They think it is their turn. And they are quite willing and ready to do whatever it takes to be number one or at least one number higher than the USA.
Your kid is going to be the victim in the end.
So, what are you doing to prepare your child for this future?
When it comes to education "good enough" never is. Stop thinking the local public is preparing your children to compete and succeed because it has some meaningless blue ribbon handed out by a state agency. Stop thinking that honor roll or comparative test score has your kid on the right track to succcess.
Stop assuming that if your kid is reading Harry Potter for the fifteenth time its "good" because he is reading a book instead of watching television or playing video games.
Stop assuming that if your child uses the computer to watch videos, play games and make friends on Facebook he or she is "tech saavy" enough for the twentyfirst century.
Stop assuming that if your kid plays soccer once a week he is getting enough exercise to build muscle and endurance and avoiding childhood obesity.
Stop assuming that "juice" boxes and fruit chews are part of a healthy diet and "Sprite" is okay to drink because it really isn't soda like Coke or Pepsi.
Stop assuming that those friends are a good influence because their parents attend the same church as you do or because the dads work together.
Here's the deal:
Your child is not only competing against the kid down the street or some kid in another state for college admission or a job someday.
Your child is competing right now against millions of children in China, India, Vietnam, Africa, and South America.
Your child is competing with these children for a limited number of seats at the best universities in the United States.
Your child will be competing against these same children for jobs and for the location of those companies which provide those jobs.
Your child is competing against these same children ultimately for his or her lifestyle including their home and future.
The rest of the world is enjoying economic success much like the US did over the past 100 years. And they are not happy with what they have received thus far.
They want their own comfortable house with two cars in the driveway, air conditioning and heat, running water, television, internet and telephones. And they need a certain financial means to achieve that lifestyle and the only way they can get that is by removing the same future from your kids.
They want your kids to live in a tin roof shack in a endless urban slum because, frankly, they think the USA has had it good for too long. They think it is their turn. And they are quite willing and ready to do whatever it takes to be number one or at least one number higher than the USA.
Your kid is going to be the victim in the end.
So, what are you doing to prepare your child for this future?
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