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The Top 5 Finance Cliches Going Out Of Style

In your lifetime, you’ll hear more cliches than you can shake a stick at. They come at you left and right, but sometimes you don’t even notice them. Unfortunately, there’s a few finance cliches which are going out of style, so let’s bid them a farewell before they bite the dust altogether.

The Top 5 Finance Cliches Going Out Of Style

#5. A Shoestring Budget

Personal finance is a buzzword these days, with a focus on debt and budgeting. It’s no secret Americans spend what they don’t have, either because they think they’re made of money or just penny wise and pound foolish. I looked up the cost of a shoestring, and I’m quite certain there’s no budget on the planet which could run you so little. I’m all for saving money, but there’s no way a person can operate on a shoestring budget. It might be time to up the ante to Gas Tank Budget.

#4. A Penny For Your Thoughts

With social media like Facebook and Twitter, everyone is blasting their every thought without charging a dime; or even a penny. Unfortunately, all bets are off if thoughts are worth their weight in gold anymore. The cloud is thicker than fog on what financial advice you can even trust anymore.

#3. Champagne Tastes And A Beer Budget

You’re off your rocker if you can show me a champagne better than beer, and let’s be frank: cheap beer is available, but America is hot on the iron for some micro-brewery beer. Count me in on this. I’ve handed over a day’s pay for a four pack of of the finest ale, and it was money well spent. The days of delicious champagne are all but gone, and I can’t imagine they’ll get a second wind.

#2. Bring Home The Bacon

This one is clearly out of the frying pan and into the fire. With unemployment at persistent rates, not many people are bringing home the bacon, but rather scraping by. Yet when they do, they’re being forced to share their bacon with the hungry mouths of healthcare, called Obamacare. I’d offer up the link for you on that but… that one’s as good as gone already and opportunity never knocks twice.

#1. Cash In Your Chips

Most pre-retirees have less money saved for retirement today than they did 5 years ago, on average. We’ve all heard the same song and dance about recovery, but isn’t it different this time? Is Social Security secure or loose as a lug nut? If someone is scraping the bottom of the barrel, there won’t be much cashing of chips going on.

Final Thoughts On Today’s Finance

Here’s the truth. Like ancient cliches, old personal finance thinking is going out of style at the blink of an eye. There needs to be a kick start of proactive thinkers who are willing to take the looming budget deficit head on. Full force. No dollying around, no playing footsy. As a consumer, a business owner, and a sceptic, I can only assume the current state we’re in is only going to burn holes in the pockets of our children.

Media tells us things are better. The stock market has hit new highs! Homes are selling better than ever!

I’m not buying it.

Images: ”the icons of the financing /


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Jason Fisher is an independent life insurance agent and Partner of Waterway Financial Group, LLC. in sunny Myrtle Beach, SC. He was has been specially trained and worked in the life insurance industry for years, and now co-owns and operates The Life Insurance Blog to enhance consumer knowledge of life insurance.

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  • Hi Derbhile, Great post and I particularly like your point about being upbeat about the economy. Another point to consider is that I know that is starting to now become well regarded and read within mainstream media circles. Our bloggers have already been contacted as a result of something they have written on here, we continue provide a unique opportunity for business people to have a voice and our community ensure that that voice is heard. Thanks for sharing, Niall

  • Karma indeed!

  • Hi Derbhile – thanks for sharing. Didn’t know about the online press release options – cheers for raising the awareness.

  • Jason Eke

    Very good to read, especially when we are in a time when a lot of small businesses a re struggling and feel that they are unable to competitively participate in a lot of current marketing strategies. As a marketing consultant I always encourage my clients to get to know their local media staff (where possible) and develop those relationships.nFrom my own personal efforts, I am now on the regular mailing list of reporters and editors for several of my area newspapers and through these relationships I’m often quoted in articles written about events that I attend. Journalists are like everyone else, they will speak with the people they are comfortable with.nI would add, that looking for an angle that makes your story or perspective unique is also important.

  • Derbhile

    Thanks for comments, all

  • Hi Angie, some great suggestions here. One I’d add is exceptional customer service, which for me is one of the best sales tools there is.

  • Raja

    Nice Post

  • Welcome to Tweak Your Biz Jason and I like your writing style. Can’t agree with you about champagne though – that’s what I’d be having over beer any day and that phrase could probably apply to me 🙂 I look forward to your next post

  • Well if you want, I’d be happy to take you through a good micro brewery; you might quickly find a new taste bud or two! 😉

  • Lol – actually I do quite like a beer too. We have a local brewery here – Dungarvan Brewery Co – and they are doing well. I like their stout

  • Elish Bul-Godley

    Welcome Jason , and what a fun way to start ! – Your Shoestring note made me think of another new one ” We’re Bootstrapping” aka we have no money to pay you

  • Ha yes! Great one. “Insurance Poor” anyone?

  • How about saving in real money, like gold and silver coins? I am getting hungry for bacon after reading your post… 😉

  • I struggle to see gold/silver as 1.) real money, because it can’t be spent, and 2.) the long-term value is relatively negligible. There is no risk, so there is little return. Just my two cents. 🙂

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