Paycheck to paycheck…

Paycheck to paycheck 2

I hear this expression quite often from my staff; just as frequently from the high-wage earners as from the low.  Whatever happened to being embarrassed when one was “caught short” and didn’t have the cash necessary to meet the bills?

I can totally understand someone who has been suddenly let go, and is trying to make ends meet on an unemployment check.  However, folks who are gainfully employed, and can count on their regular paycheck, how does it happen that they can claim to live paycheck to paycheck?  Why no savings for the “rainy day”??  Why has liquid “savings” become unpopular?

I will tell you how it happens.

1.   Want – Americans have an incredible sense of “want.”  They no longer live by the creed of “need.”  See something on TV that tweaks their fancy, and zip, it’s ordered online.  Soon to find its way to a storage facility (rented at $150/month or more).

2.   Frugality – This is a forgotten philosophy.  I own my own company, with 180+ employees, and at the end of the day, following yet another pharmacy representative luncheon I am alone in taking home the leftover salad.  How can this be when I can afford to eat anywhere and anything in the world, and they cannot, yet I am eating the leftovers (perfectly good salad I might add).

3.   Gluttony – No longer do Americans even get what they “want,” they get MORE than what they want.  Their waistlines are a perfect example.  I am sick to death of otherwise learned folks like Sanja Gupta, M.D. – you know, the neurosurgeon who couldn’t make it in medicine, and now does wonderful articles for CNN, like the ‘miracle’ of marijuana – who claims most of the overweight issues in this country are eating fast food.  The weight we carry is a result of a simple calculation…calories consumed = calories eaten.  Regardless of the source of the calories, our weight stays the SAME if we burn as many calories as what we eat.  Well, Americans are largely pigs.  They yearn for restaurant plates that are heaped with food.  They don’t order the regular hamburger, but rather the “Big Mac.”  They don’t even bother to let their stomachs tell them when enough is enough!!

4.   Taste creep – This applies to those fortunate enough in this Obama economy to have advanced in position and start making higher incomes.  God bless em, but isn’t the first thing they do is buy a new car?  They never missed a day of work due to car trouble before, but suddenly, a new car is necessary.

About Dr. Michael J. O'Connell, New Hampshire
Dr. Michael J. O'Connell of Barrington, New Hampshire, has forged a distinguished career spanning over three decades, as entrepreneur, physician, businessman, philanthropist and healthcare consultant. As former owner, administrator and CEO of a 225+ employee multi-specialty medical practice, Dr. O'Connell has dedicated his entire professional life to helping patients with family medicine and especially those experiencing chronic pain and all aspects of addiction. Since selling his family of healthcare businesses, he has never once contemplated retirement despite his rich and fulfilling journey, but instead has turned his focus to consulting in an industry starved for courage and creativity. Having weathered many political, technological and legal challenges, there is hardly a storm he has not confronted, a tempest he has not quelled, an urgent need he has not met. While the talking heads and self-proclaimed experts in the field have assumed the conventions and standards of the times, Dr. O'Connell does not believe in merely reflecting the herd mentality, but rather in leading the charge. Eschewing political correctness, Dr. O'Connell says and does what needs saying and doing, and not what the mindless masses expect. In addition to the continual education afforded by his variegated life experiences, Dr O'Connell earned his BS in Biochemistry at the University of NH in 1975, his Medical Degree from Dartmouth College in 1981, interned at Walter Reed Medical Center in 1982, Residency/Fellowship at UCSF in1986, and finished his Masters in Healthcare Administration at UNH in 1995. Dr. O’Connell enjoys many outdoor activities, including rock climbing, snowboarding, hiking, and golf. Through the decades Dr. O'Connell has supported many non-profit charities to include the St. Charles Home in Rochester NH, the Tri City VNA and Hospice, Hyder House, and Cocheco Valley Humane Society. To the latter organization alone Dr. O'Connell has donated over $180,000 and pledged another $250,000 in the “Bring-Us-Home” campaign for a new building. His “Matching Donations Christmas drive” has generated over $175,000 in charitable giving from the community. In addition Dr. O'Connell has participated in many dozens of other volunteer and donation efforts locally as well as in Africa and the Dominican Republic. For a listing of how I gave back to the community during my career and continue to do see: https://michaeloconnellmdnh.wordpress.com/

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