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Been getting news all day long

January 24th, 2008 at 08:02 pm

Parents really need to teach their children about finances. I knew a 19 year old boy in town and passed away. I assumed it was from an illness as I had not heard anything about an accident. It seems though, that he committed suicide. Why?? Because he lost his job and had $5000 yet to pay on his truck. Now $5000 is nothing compared to a life, but to him that amount was more than he could face. Evidently he didn't think of giving the truck back to the bank or really look at the situation the way most adults were. He had only lost his job a few hours before, so really had not had time to even look for another. But, in his note he said he could not face the debt of the truck.......So young, such a waste.

On another point, I knew that people at my old job were offered a "buy out" last fall to leave their job. The "buy out" amounted to a formula based on their years of service and age. (For me, it would have been $120,000) Several took it. (Had I been there another year this would have been me). Those who didn't were told yesterday that it was their final day. And, they get nothing. Basically they cut the office size down to about 1/2 of what it had been, so they will now be doing double the work they had bee.

Then I also found out that our neighbors have sold their home and are moving to the city. They are having an auction on Sunday. They were nice people, I will miss them. He was retired, and she sold real estate. I know she had been having trouble lately because the market here is DEAD. So, she has decided to retire also. They are moving to be closer to the grandkids.

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