An old pastor once told me that the word “mortgage” is from two Latin words; “mort” meaning death like in mortuary and “gage” meaning grip, thus a mortgage was a “death grip”. This is what I thought of when I say this headline today:
The average millennial (aged 18 to 34) had about $32,000 in personal debt, excluding home mortgages, last year, according to Northwestern Mutual’s 2018 Planning & Progress Study. That debt can feel both crushing — and endless. Just over 60 percent of millennials (classified here as those aged 18-37) with debt don’t know when, or if, they’ll ever be able to pay off what they owe, according to a new CreditCards.com report. That includes roughly 42 percent of millennials who don’t know when they’ll be able to wipe out their debt, and almost 20 percent of those who expect to die in debt.
Expecting to die with debt is not a formula or mindset for success. No wonder so many say they prefer socialism. This blog is about hope for the hopeless.
The above article, without attribution, then proceeds to list several of Dave Ramsey’s “baby steps” for getting out of debt. Ramsey has 7 steps to getting out of debt. 1 Save $1,000 to start an emergency Fund 2 Payoff all debt (except mortgage) using debt snowball 3 save 3-6 months of expenses 4 invest 15% in retirement 5 save for child’s college fund 6 pay off your home 7 Build wealth and give
I can attest that following Ramsey’s advice will put you on the path to financial freedom. The cornerstone of his plan is the Emergency Fund. By putting this money away, you have a pool of cash to use for car repairs, new tires, fixing the dishwasher, unplugging the drain, or whatever else life throws at you without reaching for the “magic plastic”.
As you are saving this Emergency Fund, Ramsey asks people to cut-up their credit cards and use their Emergency Fund instead. Then replenish the money so you keep the fund available.
If you are married, it is vital that both of you agree on this course of action. Deciding to get out of debt must be a joint decision. You must be working together and not be unequally yoked to this idea. Nothing is more divisive in a marriage than fighting about money. To get both of you on the same page with getting debt free, Ramsey has classes that he offers called Financial Peace University. The cost of materials is about $100 but worth it.
Financial Peace Kit
My wife and I attended the Financial Peace classes at a local church about five years ago. I didn’t really know what to expect but found the classes helpful. The classes are held over several weeks. Part of the class is viewing Ramsey and some others, often his daughter, via a DVD presentation. The class facilitators also do various exercises with those attending, many of these are as groups. When we attended, there were eight or nine families. Any worksheets involving money are anonymous although those leading the group many have an idea who wrote which numbers.
The exercise that really got my attention was the one at the beginning where everybody listed their debts and then turned the number into the facilitators. This is part of a before v after comparison designed to show progress towards the baby steps of establishing an Emergency Fund and starting to pay off debt via a “snowball”. It was shocking when the total debt in the room was announced—remember this figure did not count anything owed on a home. Over half of the debt in the room belonged to me and my wife! It was a sobering moment.
Since that night we have paid-off over $100,000 of that original debt and the remaining balance will be gone before the end of 2019. Truthfully, we don’t stick with the snowball as religiously as we could. We still allow for vacations and a few wants. We are honest enough to distinguish between “wants” and “needs”; however, we always pay cash.
A word of caution, when you start cancelling credit cards, the offers begin pouring into your mailbox. Ramsey is a big advocate of going “cold turkey” on the plastic. Cut it up, throw it away, and never look back. Your dealers, Wells Fargo, Citibank, Discover, Golden 1, Chase, Amazon, Costco, etc., will really miss their 24 percent payment each month and offer you even more debt to come back.
If this is the MasterCard, guess who’s the slave?
I think of it as free drugs from the dealer just to get you hooked again. Two percent cash back is still 22 percent to the dealer so exactly how is that a bargain? Buy the heroine and get free needles? Oops, not blogging about San Francisco today.
Anyway, if you are up to your eyeballs in debt, there really is hope and a support network should you need it. Yes, your lifestyle may change as you learn to live within your means but freedom has always had a price. The only thing better than being debt free is teaching your children to learn from your mistakes and showing them a better way.
Since starting down this path, we are optimistic about our future. How many of you still paying for DirecTV so you can watch Fox News and CNN can say the same?
If you needed proof that the apple doesn’t fall far from the tree, in the first recorded case of one silicon based life form murdering another, a Tesla vehicle on autopilot ran down an autonomous robot, Promobot, on the streets of Las Vegas. As a pedestrian, the robot clearly had the right of way along the busy Las Vegas Strip but the Tesla ran him down without even slowing, let alone attempting to stop.
According to Promobot, a number of robots were making their way to the booth around 7 p.m. when one of them stepped out of line and into the parking lot roadway. As it did, it was struck by a Tesla Model S operating in autonomous mode. The crash tipped the robot onto its side, causing ‘serious damage,’ Promobot says. Now, with parts of its body, head, arm mechanisms, and movement platform destroyed, it cannot be put on display. The firm says the damage is likely irreparable.
The Tesla involved in the collision was operating autonomously, though a passenger was inside at the time. And, it continued driving another 50 meters after the accident before finally stopping.
There is no word on whether the Tesla passenger will be filing a civil suit for the trauma of helplessly having to witness the robot being run over while trapped inside the rogue vehicle. Please note that the Tesla only decided to stop after realizing that it had struck a pedestrian.
In this space, we have previously detailed about two everyday people’s struggles with addiction, now I want to write about a professional athlete who has thrown his life away. Josh Gordon is a current receiver for the New England Patriots of the National Football League.
The Patriots will be playing in the playoffs next weekend…Gordon will not be with them. He is suspended indefinitely and has likely played his last game in the NFL. On December 20th of this year, Gordon wrote on Instagram that he was stepping away from football to focus on his mental health…. Well, it came out later that evening that he had failed yet another drug test. He will not play in the NFL again. While this blog will focus on Gordon, I want it to highlight how addiction ruined his professional career, and how it will ruin many more lives if not banned and criminalized again.
Gordon admitted to starting substance abuse in middle school. His drugs of choice: Xanax, Codeine, and Marijuana.
Xanax Bar
Codeine can be widely found in almost any cold/cough medicine, Xanax is supposed to be prescribed by a doctor, marijuana…. what can I say? It’s more prevalent than ever if you know where to look. Marijuana; ask anyone in law enforcement and they will tell you, it’s a gateway drug. Once you use it you get hooked, then you need more and more just to achieve a buzz, then you switch to more potent drugs down the line. Gordon claimed he took these to self-medicate for the following: anxiety, inadequacy, and adolescent based fear…hmm 3 things teachers are happy to diagnose so they won’t bring down the test scores more, and doctors are happy to prescribe medications too…more $$$ for them. It got to the point that he was using an entire bar of Xanax a day just to function…his teachers, as Gordon describes, “oblivious to his sleeping and drooling behavior shown during class.” His drug/medicinal use caused him to be expelled from two middle schools for stealing electronics from his peers. He earned a scholarship to a prep school in Houston but was expelled in the 10th grade for marijuana usage.
He attended another high school and joined a gang. He carried and used a gun, stole merchandise, used counterfeit money and sold marijuana (there’s that drug again) to feed his habit. He admitted that he smoked weed daily and drank vodka from Minute Maid juice glasses IN CLASS! By his junior year, marijuana wasn’t getting the job done anymore so he used the following drugs: hydrocodone, oxycodone, and again Xanax. Part of the problem was Gordon was a gifted athlete, so he would always get a longer leash then a lay person. So, before every football game Gordon would mix Mad Dog 20-20 with fortified wine to see if he could play drunk. Sounds like a great teammate! Gordon admits his usage in High School became the norm…and only accelerated as he entered college.
Mad Dog 20-20
Gordon was good enough to go into many Division 1 football programs but could only go to Baylor University due to him being on supervised probation for felony credit card theft at age 17.
Yes, folks he was still drinking, using drugs, and selling drugs while on felony supervised probation…in Texas no less. As a requirement of his probation, he had to consent to monthly drug tests, he never failed one…. reason being they never tested for dilution (drinking excessive water to cleanse out any trace of drugs). When he was a sophomore at Baylor, Gordon and a teammate were found passed out in a Taco Bell drive thru at 2 am, copious amounts of weed found in the car. While both players were charged with a misdemeanor, the charges were later dropped. I will offer this advice, if you find yourself at a Taco Bell after midnight chances are you are making bad life choices. Gordon admitted he was selling 6 lbs. of marijuana a week while at Baylor, making over $10k a month. As for him not failing drug tests…a coach helped him detox before the test was administered. Before his junior year he wasn’t so lucky, he failed a drug test and was suspended indefinitely leading him to transfer to a different school.
Gordon admitted that on his trips to Oregon, UCLA, USC, and
Utah, he would smoke a bunch of weed, and pop Adderall. Even while picking out a new school to attend,
Gordon could not be sober or clean. He
decided on Utah, where he dabbled in cocaine and was taking Adderall daily. He
failed a drug test, dropped out, and returned to Houston. He never played a snap at Utah. He continued using and selling back home
while preparing for the NFL supplemental draft.
This draft is for those who are not allowed to play for their college
teams anymore due to grades, issues, etc.
He was selected by the Cleveland
Browns, even with all his baggage, he would now play at football’s highest
level.
His first season he played every game. He must never have
been drug tested because he stated he got ready for every game with a pre-game
ritual of hitting a bong and drinking several shots of Grand Marnier or
Vodka. Gordon said he needed to do this
to start his body up, I guess kind of like starting a car, I guess? He would always miss team meetings and show
up with bloodshot eyes, a tell-tale sign of being on a bender from the night
before. The following year he failed a
drug test and was suspended the first 2 games. Despite that, he put up huge
numbers, making the Pro-Bowl.
After this season is where his life truly unraveled. He was
arrested for DUI in the off-season and suspended 10 games for a failed drug
test, his second. He played 5 games,
suspended for the last for being too drunk to catch the team plane to the
airport for their game. He failed
another test and was suspended for the entire following season. He petitioned the league to be reinstated,
during that period…yes, another failed test. He was reinstated and suspended
another 4 games. Rather than returning,
he entered rehab, a good choice on his part as it was clear he needed it. He did not play that season at all, and once
again needed to be reinstated by the Commissioner in order to play again. He stayed sober for 6 months….so he decided
to celebrate doing exactly what got him into trouble to begin with…. smoking
weed.
During that same offseason Gordon was told that a court
warrant was issued for him to take a court ordered paternity test. Gordon’s response was what girl? What kid?
He later learned he was in fact the father. He literally smoked himself so silly over the
course of his life he had no idea what this court paternity situation was all
about. He played just 5 games the
following season, because once again he was suspended. In the offseason he was traded to the
league’s best team, the New England Patriots. He had to apply for reinstatement
and was having a good season, until the 20th of December, when he
announced he was leaving to work on his mental health…. he in fact failed yet
another drug test. In all likelihood his
career is over.
Here are some various quotes from Gordon, after which I will add
my commentary about Gordon and addiction.
“I stayed out late, but the thing is we had to be up in the morning for like a 7:30 a.m. team meeting,” Gordon told Uninterrupted. “I didn’t wake up until 10 o’clock, 10:15, coming out of a blackout. I’m getting a bunch of texts and calls, you know, from coaches, ‘Where you at? We’re headed to the tarmac already.’ I’m like, ‘Ah, s***.’”
“I found myself around the city of Gainesville just wandering, looking for a drug dealer,” he told Uninterrupted. “Looking for people on the street corner, whatever smelled like weed, somebody that looked like they had something, asking random people, knocking on like smoke shop storefronts seeing where I could find some stuff at. I was just looking for something, some type of relief.”
“If you fail a drug test, you know, this is over, they’re not going to let you keep playing,” Gordon said. “I never really took it serious. I thought I could keep on doing it and getting away with it and getting away with it.”
“I’ve been enabled most of my life honestly,” Gordon said. “I’ve been enabled by coaches, teachers, professors — everybody pretty much gave me a second chance just because of my ability.”
Commentary: How do you feel now if you voted to legalize marijuana? Wanted sentencing reform? Said weed isn’t addictive? Claimed alcohol is far worse? The bottom line here is this, while Gordon may at some point finally own up and take the blame (this is entirely his fault), how many people that you and I rub shoulders with every day think he did nothing wrong? Victimless crimes?
Looking back, sure the teachers
easily could have caught him under the influence in class. His parents, I don’t really know; he may not
have had a father, or maybe they also didn’t care. But the bottom line is this, Gordon is an
exceptional athlete, and he could not kick his addiction, and we are talking
someone making millions of dollars. He
earned more in a year than most working folks make in a lifetime! His situation was so bad that he could not
even play without being under the influence of something.
Tax revenue from pot is great, however it’s like an Indian Casino; at what cost? Turning your citizens into addicts for the sake of revenue? Gordon is actually very lucky; most citizens fail one drug test at work and they are terminated on the spot and likely get a criminal referral sent to local law enforcement! Good luck finding any type of work after that. In addition, at almost any other workplace, drug tests are random and unannounced, in the NFL, lots of notice is required to be given and while the test is random, you are more than for warned, meaning there is literally no excuse for a dirty test. I am willing to bet good money that at the Gordon residence tonight he is either lighting one up in tribute to Bob Marley or drinking like a fish. One can only hope he sees the light and kicks the devil’s lettuce or that hopefully he invested the money well because his behavior won’t translate into the real world.
Keep in mind how real addiction is,
at one-point Gordon missed 43 of 48 Cleveland Browns games due to
suspension. Maybe we should re-think
this business of legalizing drugs?
