Personal Finance: A Necessary Education


As someone who was born in the 1950s, I’ve seen a lot of changes in our society.

Growing up, I heard stories of the Great Depression, then I saw gas shortages and the savings and loan bust, and most recently the dot com bust.

To put it mildly, our finanical world has gone through a lot in my lifetime.

Do today’s youth understand how easy it is to lose everything?

Many of today’s youth have never heard stories of what happened during the Great Depression.

Many of today’s millennials in America are so detached from poverty that they can barely understand it.

I personally knew people who were living in conditions that would shock many of today’s millennials.

That’s why I wasn’t surprised when I read this recent survey on the financial health of Americans.

The Survey: 49% of Americans Live Paycheck to Paycheck

Nearly half of all Americans are living paycheck to paycheck according to a new survey done by GoBankingRates.

Whether it’s a friend, relative or co-worker, we all know someone who is struggling to get by financially.

What’s especially concerning to me is that many (if not most) Millennials and younger Americans have no idea how to budget their monthly income, account for expenses or even understand what they are getting themselves into when they use a credit card.

I’m not alone in thinking that financial knowledge should be included in any person’s education.

I’m hoping to help provide some useful information for America’s youth by writing weekly posts on Colorado Citizen Press.

To start, I want to lay out a basic outline.

So, what are the key fundamentals that people should learn for financial education?

In my opinion, some of the most important steps are:

  1. The process and necessity of having an emergency fund.
  2. The theory and implementation of float and the value of credit card use.
  3. The importance of meal planning and the proper use of a grocery shopping list.
  4. Planning for the future and retirement.
  5. Tips to save money on everyday activities.

I’m going to expand on this in future posts.

I hope you will provide any information you think is important for financial education in the comments below.

Bottom Line Boomer has lived in Colorado for 40 years and has been a lifelong student of personal finance. His goal is to help provide a much needed education on personal finance for today’s world.

Multimillionare Polis Complains of Money in Politics

Jared Polis, Colorado’s far-left candidate for Governor has pledged to reject corporate or PAC money for his campaign.

Our question, does that include his own corporate money?

Fundraising Email Complains of Corporate Money in Politics

The above image is a screenshot of a fundraising email that Jared Polis sent out on June 24th. He quickly complains about corporate money and also claims he will cap donations at $100 from individuals for his campaign for Governor.

He says he doesn’t want corporate money in politics, but the truth is, without his own corporate money, he wouldn’t be a politician!

A quick search on shows that Rep. Polis is the second wealthiest Congressman:OpenSecrets

Polis made his fortune creating an online business and he deserves the money he made. Yet, his career as a liberal Democrat is all about attacking people with money.

Another interesting point is that Polis is refusing to take corporate money for his Governor campaign, yet he had no problem taking it during the last election cycle for Congress. has the data:

Not to mention, Polis has his own PAC, Fearless PAC, which spent over $600,000 in the 2016 election cycle. LINK

So, where will Jared Polis get money for his Governor campaign?

Corporate & PAC money of course…

Money from his own corporation & PAC!

Masterpiece Cakeshop’s Case to be Heard in Supreme Court

How about some good news?

As you may know, Jack Phillips, the owner of Masterpiece Cakeshop has been standing strong on his belief in traditional marriage.

And his perseverance is paying off. Denver 7 reports:

Masterpiece Cakeshop owner says he’s lost 40% of business, welcomes SCOTUS hearing

by: Blair Miller

DENVER – The owner of the Masterpiece Cakeshop, whose case involving his denial to make a cake for a gay couple was taken up by the U.S. Supreme Court Monday after being declined nearly a dozen times, says the lower court’s decision, which will now be argued in front of the nation’s highest court, has caused him to lose business and that he’s received threats.

Jack Phillips spoke with his attorneys from the Alliance Defending Freedom, a conservative group that took up his case, after the Supreme Court decided it would hear oral arguments in his case sometime later this year.

In a prepared statement, Phillips said that after 23 years of being open, the shop is losing business after the Colorado Supreme Court last August declined to review the case, agreeing with a Colorado Court of Appeals decision that said the shop could continue to enforce its religious beliefs, but not while operating as a business in Colorado.

Read the rest of Denver Channel’s article here.

Fake News, Worthless Reporting: What is the Difference?

Goodbye Colorado Statesman. Hello Fake News!

Fake News

Fake News. It’s all in the news lately.

Readers can hardly trust what they read and they are becoming evermore aware of “reporters” who shove manure their way. What’s worse: making up stories to make a point or twisting news to make the same point?

Readers are running out of reliable news sources.

Take the June merger of the Colorado Statesman with Colorado Politics. The Statesman has been around for decades reporting on the details of sausage-making at the Capitol and makes no apologies from writing “pure left” or “pure right” articles. But the effort was mostly to fill the paper with an even mix of both in order to attract the most readers.

Colorado Politics is a new blog creation from the Colorado Springs Gazette which tried to get into state politics with writers formally from the Denver Post and the Gazette. In the last year, it showed its readers it still had a long way to go with balanced articles. Without any track record, it has no idea of the readership and value it provides.

But on June 1, Colorado Politics thought it grew up enough to merge with an old competitor who managed to weave the delicate partisanship of appealing to political hacks on both sides of the aisle. Of course, they took the name of the Statesman to help its reputation. Its staff now includes an ex-Denver Post reporter, three folks from the Gazette, two from the Statesman, and one from the Durango Herald.

However, instantly it became another opinionated blog.

So my first read is Senior Political Correspondent, Joey Bunch’s (ex-Denver Post) introductory ground-rules statement on June 8th on “our guiding light is fairness, followed closely by accuracy and honesty in words and intent. Our value depends on your faith in us.” Wow. That had to be hard to type out. Who made him write that?!

Okay, after I finished wading through the bull crap, I found an article in the June 12th edition that I thought might be worth reading. Construction defect reform. That should be too boring to screw up. This year’s bill passed both House and Senate with plenty of bi-partisan support and was signed by the Governor. If there were adamant opponents or proponents reporting with hidden agendas, that should be a thing of the past.

No such luck with the Denver Post “reporter”, Joey Bunch.

Let’s just start with the title: “Insights: Construction defect reforms cost lawyers, but they might not save much for home buyers.” Hmmm, sounds like this paper still has an axe to grind after legislators managed to come together.

Read the article yourself here.

I am not going to detail all the strange interpretive clauses like: “Tort reform is a ghost of Mississippi” or “Priced-out homeowners are the straw men every tort reform has to have” or “Let’s be logical. At the rate they’ve been throwing up housing developments in metro Denver the last 20 years, they weren’t building Sistine Chapels. Plywood, nail gun and go is more like it. Caulk is the great equalizer.”

Who has the time to read a BS fake news article like this? I only slogged my way through so I could prove to myself that “fairness and accuracy” were as fake as all the twisting of this story.

This is the capsulation of what we are witnessing all around us: progressives hell-bent on pushing socialism who cannot accept the fact that normal people don’t want what they are selling. So they stay fixated on their soapbox while all the rest of us keep moving on with our lives.

Half way through the article, Mr. Bunch throws a dig at Assistant Majority Leader Rep. Cole Wist (R-Centennial) who worked on passing the construction litigation reform bill. And then the author launches into some psycho-babble therapy about a class action lawsuit in Mississippi 20 years ago about cars and injuries.

Mr. Bunch never returns back to his subject of construction, but yaks about medical lawsuits, doctors, insurers, and caps on claims. But not before he throws in this “unbiased” piece of commentary: “the real victims were the people who couldn’t get access to quality heath care, while out-of-state doctors made off with millions in legal fees.”

What on earth is going on in this article? Is this reporting?!

The only thing worse than fake news is twisted news. Welcome to the new Statesman – the Blog of the Capitol.

Oh, and by the way, make sure you catch the statement at the bottom of every edition: “The Colorado Statesman maintains strict neutrality on all partisan issues.”

Yeah, right!