Being Smart Can Be Confusing

 

Those radio talk shows where those really sharp money people give advice about finances do a real public service. They logically explain heavy financial planning so that light-weight every day money handlers can understand their money. They do it so logically and simply that even an Idiot can understand their message.

I may be a Smart Fella but I can still become confused. A Smart Money Advice Manager confused me with this bit of Financial Information...

Too many parents have been burned because they have signed on as Co-Signers to their children’s loans and when their children defaulted the parents have found themselves responsible for the loan. As a result more and more parents have been refusing to Co-Sign loans.

The Finance Industry has been getting the parents back on board by setting them up, not as Co-Signers but making them Only Responsible for the Payments.

Now there is a difference without a difference if I have ever seen one. Maybe I am still smart after all because I don’t see the difference.

Would I kid u?

Smartfella Still

Lagniappe: 50 years ago I was a Zone Manager for Ford Motor Company and I traveled by car to the car dealers in my zone 5 days a week. Some of the dealers used to call some of us Zone Managers, “Empty Suits”. I’m sure my dealers did not call me that...Or am I? One Friday I was almost back from my week’s travels and a local Radio Personality was talking his head through my car radio and he said...“On my show I have contests each day that even an Idiot can win. So, all you Idiots be sure to tune in every day”. I’m sure he wasn’t talking directly to me...Or am I?