Debt Unicorn (again)

March 21, 2011 · 7 comments

I might as well change my name from Ninja to Lisa Frank, because I freakin’ love Unicorns. While I was exploring Germany this weekend, I came across a store called ‘Unicorn’. I thought I died and went to Unicorn Heaven! Anyhow, when I saw that store it reminded me of an article I wrote a while back (one most of you probably haven’t read) about Debt and Unicorns. I think it’s worth reposting today…

I’m convinced whoever decided to draw a horn on a horse, and call it a unicorn, is also responsible for fabricating the idea that debt is a reasonable way of life. Seriously, it takes a very creative mind, or at least a lot of drugs, to make unicorns and debt popular. It boggles my mind.

I think debt is rooted in complacency (whoa that sounded kinda deep). There is nothing wrong with being content, but complacency frustrates me. Flat screen TVs, new cars, an overpriced home, and stainless steel appliances, are how prestige is sought. Keepin’ up with the Joneses is the American Dream. People with $40K annual incomes are living a six-figure lifestyle.

Don’t get me wrong, I have no beef with nice homes, luxury vehicles, or energy efficient appliances. Actually, I think they are all awesome, and one day, I hope to own these things, but guess what…. I don’t. I refuse to conform to the norms of society, when those “norms” are self destructive.

I drool at the sight of a plasma TV, but realize that the benefits of the TV (high definition/sexiness), don’t even come close to outweighing the negatives (decrease in net worth, more TV watching=less productivity, a desire to then increase sound equipment/dvd player/etc). So although the Joneses may have a plasma in every room of their house, I know that my life is actually better without.

Look at this picture of a Unicorn and tell me that’s not one crazy looking animal…

Now look at your credit card statement, and tell me your balance isn’t even more crazy! You can hang out with the Joneses all you’d like, but I think I’m gonna keep kickin’ it with my PF homies and increasing my quality of life and net worth.

Why do you think America has become complacent with debt? Where did we go wrong? Has it ALWAYS been this way? Do you think we learned anything from the recent recession?