If only we were all so passionate about our finances

Aug 19, 2016, 5:05 PM

I joke around a lot. But I’ve had an honest-to-goodness epiphany over the last month.

I know exactly what I will do for the rest of my professional life once my radio career is over: I want to work with parents and their kids on financial planning. That’s the world I’d have gone into if I hadn’t found my niche over the air.

But, honestly, I almost feel a calling to do this. I don’t care if I make any money. We have got to reverse what is going on. We have to.

Let me give you my rationale.

It starts with state lotteries, which are government sponsored and endorsed. A New York Times columnist recently dissected the mind-boggling numbers behind this fraud and found that as many as 50 million people swallow net losses of $1,000 a year in lotteries — the biggest rip-off gambling game there is.

To me, that’s government being evil because demographic studies show that a disproportionate number of those who play lotteries tend to be lower income and less educated. So when the government sells this pipe dream of lottery riches, that’s who they are preying on.

If people between the ages of 20 and 65 took that $1,000 and put it in a mutual fund that returns 5 percent a year – which, historically, would be on the low end — that would be worth $150,000. Every one of those people could receive what they consider to be lottery riches if they just spent the money on themselves instead of buying the snake oil government sells them.

Here’s another stat: One out of seven American households have negative net worth, according to an analysis by Bloomberg. U.S. Census figures show that more than 14 percent of American households owe more than all of their assets are worth. That is so sad to me. And with pensions disappearing, what’s going to happen? They will be beholden to the government.

Sorry to make this so much about politics, but they play a role. I supported George W. Bush early in his campaign but turned on him when the nation’s debt exploded. Obama, in 2008, called the debt Bush incurred on the nation unpatriotic. Eight years later, he has almost doubled it – we’re at an estimated $19.3 trillion. And politicians want to add more by paying for everybody’s college and borrowing and … we’ve got to stop! We can’t do this anymore!

There are 318 million people in the country. That means every man, woman, and child in America owes $60,000 as their share of that debt. The median family income is only about $52,000. We can’t have the median households with negative net worth.

This is about freedom. The forces that want to control us are governments and corporations. They do that controlling by making us beholden to them. We’ve got politicians shouting, “Vote for me and I’ll give you free stuff.”

The nation is setting a horrible example and it’s time to start working with our kids to get away from what our politicians are doing. That why I’ve set this new dream for myself.

But, scratch that, it’s not a dream. Dreams are things that happen when you’re asleep, goals are things you happen while you’re awake. This is my goal.

Because it’s time to wake up.

Dori Monson on KIRO Newsradio 97.3 FM
  • listen to dori monsonTune in to KIRO Newsradio weekdays at 12 noon for The Dori Monson Show.

Dori Monson Show

Dori Monson

Dori Monson stage show...
MyNorthwest Staff

Watch: Dori Monson’s ‘What are the Odds?’ stage show

In 2019, Dori Monson hosted a stage show - 'What are the Odds?' - which introduced you to the people who helped shape his improbable career.
23 days ago
Dori Monson welcomes the Moose back to KIRO. Follow @
MyNorthwest Staff

A collection of the all-time best Dori Monson stories

With the passing of Dori Monson, a collection of some of his top stories to remember all the hard work Dori brought to Seattle.
25 days ago
Alaska, fishing...
KIRO Newsradio staff

Listen: Friends, colleagues offer tribute to KIRO Newsradio’s Dori Monson

All day Monday, KIRO Newsradio's John Curley talked to friends, news makers, and more in tribute to Dori Monson.
25 days ago
Dori Monson Shorecrest...
Dori Monson Show

How to support charities reflecting Dori Monson’s values, passions

In tribute to Dori Monson, learn more about how you can support these three charities which best reflect his values, passions, and advocacy.
25 days ago
Dori Monson Nicole Thompson...
MyNorthwest Staff

Broadcasters, politicians, coworkers and friends remember Dori Monson

Dori Monson, a longtime KIRO Newsradio host, passed away Saturday. He is remembered by public figures, broadcasters, coworkers, and listeners.
25 days ago
Dori Monson...
MyNorthwest Staff

Longtime KIRO Newsradio host Dori Monson dies at age 61

We are deeply saddened to announce Dori Monson's sudden passing on Saturday, December 31, 2022, at a Seattle hospital.
26 days ago

Sponsored Articles

safety from crime...

As crime increases, our safety measures must too

It's easy to be accused of fearmongering regarding crime, but Seattle residents might have good reason to be concerned for their safety.
Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
If only we were all so passionate about our finances