As I reflected on the freedoms that I enjoy as a citizen of the United States, I realized that our forefathers would be sadden by the economic hardship which is self-imposed by overspending and enslaving ourselves through debt.
I therefore decided to alter the beginning of the Declaration of Independence, one of the most lasting and influential pieces of literature, to create a Financial Declaration of Independence.
Financial Declaration of Independence
When in the Course of our life’s events it becomes necessary to dissolve the bands of debt which have enslaved us and to assume among the powers of the earth, the financially free and secure station to which the Laws of Nature and of Nature’s God entitle us, an earnest and whole-hearted effort require that we should declare the causes which impel us to liberation.
We hold these truths to be self-evident, that all men are able to obtain financial freedom, that we are endowed by our Creator with certain unalienable Rights, that among these are Investments, Planning and the pursuit of Financial Security. “” That to secure these rights, Budgets are instituted among families, deriving their power from the mutually agreed upon savings and expenditures, “” That whenever any Form of Overspending becomes destructive of these ends, it is the Responsibility of the Family to alter or to abolish said overspending habits, and to institute new Attitudes and Habits, laying a foundation on such principles as Emergency Funds, Retirement Accounts, and Debt Reduction Plans and organizing its powers in such form, as to them shall seem most likely to effect their Financial Safety and Marital Happiness.
Prudence, indeed, will dictate that Budgets long established and effective should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to overspend, yet unsufferable evils that we ourselves must abolish are credit cards to which we are accustomed. And when a long train of abuses and indulgences, pursuing invariably an end design to reduce us under absolute Financial Slavery, it is our right, it is our duty, to throw off such Indulgences, and to provide new Guards such as Credit Card Destruction for our future financial security.
Signed on this 28th day of June, 2010,
Adam Williams and the Rabbit Funds Team
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I like this.
Great job! I like it. I am all about signing up for financial independence. If anyone decides to calculate when their true freedom debt is, please show it off at http://www.DebtIndependenceDay.org.