The best way to build and sustain strength is to waste less while enjoying an excellent quality of life.
Do you have an excess of stuff? Do you take the trash out on a regular basis? Bea Johnson started a global movement advocating for a zero waste lifestyle. Here, she reveals how she and her family produce less than one quart of waste per year, and how living simply has changed her life for the better.Here is a direct video link.
ABC discusses the problem faced by many interest only loan holders as tighter lending standards bite, forcing some to higher payment P&I loans. Here is a direct video link.
Meanwhile Australia has the second most indebted households–as a percentage of national GDP– in the world (see chart below). As in Canada, and most other developed countries today, massive indebtedness will increasingly weigh on aging populations with falling productivity and cash flows. Also see: Australia pipped by Switzerland for debt world title:
As things stand, it would take a year and 79 days of Australia’s total economic output to pay off what we owe — and that doesn’t include the interest we’re accruing. That’s more than twice as much household debt as Greeks have.
Only the Swiss are more indebted and, while we may not beat them on the football field, we’ve now got the Danes licked for household debt.
With so much debt, Australians also have high repayments, averaging 15.5 per cent of incomes, second only to the Dutch at 16.6.
Further to Time to kick the ‘dumb’ phone addiction, clinical psychologist and author of “Facehooked: How Facebook Affects Our Emotions, Relationships, and Lives,” Dr. Suzana E. Flores explains how smartphones cause friction and can contribute to relationship and mental health problems, see 12 ways, from an expert, that smartphones could be making your life worse.
