St. Louis Community Credit Union is in it for the long haul. We’ve been around for almost 70 years. That’s approaching four generations. So, there’s a good chance if you’re one of our younger members that, in addition to you, we’ve helped your parents, grandparents, and your great grandparents. That’s cool. Now let’s work the other way, we also want to serve your kids, your kids’ kids, and your kids’ kids’ kids. In other words, we’ve got a whole lot of love left in us for generations to come.
It’s interesting that I follow-up last week’s blog with this one. As you recall, one week ago I introduced you to the new penalty for early withdrawal of a CD from Bank of America. The new penalty skyrocketed 1700% — literally making it an extremely difficult decision (in the case of emergency) as to whether or not to take the hit to get your own money. Really, should that be a decision one has to navigate (emergency vs. penalty) to pay for an emergency?
Why is it that so many people are up in arms over the zillions of dollars in salaries being given to CEOs of major corporations? After all, they earned them right?
Americans are capitalists. The companies are for-profit. If we don’t own stock in the company, some might even suggest it is none of our business. Why then are we pre-occupied and opine so vehemently against what the big bosses are making? Making as much money as you can is the American way. Work hard and reap the benefits is the foundation by which we became the greatest economy and country on the planet.
In the week just passed, I found myself to be even more introspective than normal. It was a week that started with the announcement of the death of America’s number one fugitive. As a result of such news, I spent most of the past few days diving in and out of what 10 years ago felt like; a day best described as just “9-11.”
Things are relative. You’ve heard that before. “One man’s trash is another man’s treasure” comes to mind as the classic example of relativity. Some people buy $5 ties from TJ Maxx, while others demand Nordstrom’s finest. A “tie is a tie” might be the reaction of the cheapskate in question. In other words, relative to importance, the price of the tie is far from the top of the list – the other guy, not so much.