FrankSentThisIsAmerica - The Monday Morning Memo

“A person’s socio-economic strata is largely determined by how far that person thinks ahead.

The average American has a plan for their next two paychecks. Their upcoming paycheck is fully committed, and they have bills to pay with the paycheck that follows, although that one offers a small opportunity for discretionary spending. The paycheck after our next one gives us a little bit of hope.

Two paychecks ahead is the furthest we dare look. This is what it means to be middle class.

But at least we are not struggling to find the money to buy a new battery for the car so that we can get to work, or trying to borrow money to pay a long-overdue electric bill, or wishing we had enough food in the kitchen to last until payday. These people are struggling, but that is not the bottom. No.

At the bottom of the socio-economic strata are the addicts who can think only of their next drink, their next score, their next fix. Their time horizon is a few hours, at most. Tomorrow doesn’t enter their mind.

Friend, I am convinced you can succeed at anything you choose to do, provided you have the emotional staying power to survive your mistakes.

No matter how hard you try, there are a certain number of mistakes you are going to make. This doesn’t mean you have failed. It means you are learning.

So always keep trying. But above all:

Think ahead.”

- Roy H. Williams, from the Monday Morning Memo for June 3, 2024

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