UTExan said:
Or they are financially secure and don't want to support deadbeats who failed to save and invest…
Proposition Joe said:UTExan said:
Or they are financially secure and don't want to support deadbeats who failed to save and invest…
Pissing in the wind likely doesn't help their ROI.
Again, the economy is built around people spending money they don't have. Trying to fix that problem is a fool's errand.
Proposition Joe said:UTExan said:
Or they are financially secure and don't want to support deadbeats who failed to save and invest…
Pissing in the wind likely doesn't help their ROI.
Again, the economy is built around people spending money they don't have. Trying to fix that problem is a fool's errand.
UTExan said:Proposition Joe said:UTExan said:
Or they are financially secure and don't want to support deadbeats who failed to save and invest…
Pissing in the wind likely doesn't help their ROI.
Again, the economy is built around people spending money they don't have. Trying to fix that problem is a fool's errand.
Yep, and I am almost at the point that employers force their workforce to save and invest as a condition of employment or the government does. I am not a fan of coercion but failure to save/invest because of poor lifestyle choices cannot be rewarded.
People with severe budgetary constraints due to health issues? Federal subsidies dumped into individual savings accounts either through tax breaks or direct payments into those accounts. I want people to have zero excuse to not save unless they are mentally incompetent or ill.
B-1 83 said:
I'm convinced there are multitudes of people who don't know any better. They've had no examples ahead of them and have no concept of saving - it's just credit cards and loans to them. Their parents are still working at 70 and that's the way they think things are.
General Jack D. Ripper said:
After expenses and investments in real estate and equities, I have no money left over. Would this be considered living paycheck to paycheck? It sure feels like it.
do you have a podcast or well-produced youtube channel I can subscribe to?ac04 said:
i have HUNDREDS of dollars invested in what is known as the "money market" most of you would not understand
infinity ag said:
I want to thank everyone on GB for an awesome discussion here today!
It's called "Social Security", and it's all some people think they'll ever need….infinity ag said:B-1 83 said:
I'm convinced there are multitudes of people who don't know any better. They've had no examples ahead of them and have no concept of saving - it's just credit cards and loans to them. Their parents are still working at 70 and that's the way they think things are.
I think you are right. No role models. And some people think we are Americans, we can do whatever the hell we want, you can't stop me! all that arrogance goes away when they get old.
Saving must be forced by law.
ac04 said:
i have HUNDREDS of dollars invested in what is known as the "money market" most of you would not understand
It wasn't the revenue that was an issue. It was getting them to pay their bill.FIDO*98* said:
I'm guessing your CPA friend isn't at the top of the CPA list then. Rich people are a CPAs cash cow. It's the middle class who couldn't even get the loan for a multimillion dollar house that want their tax returns done as cheaply as possible.
EclipseAg said:It wasn't the revenue that was an issue. It was getting them to pay their bill.FIDO*98* said:
I'm guessing your CPA friend isn't at the top of the CPA list then. Rich people are a CPAs cash cow. It's the middle class who couldn't even get the loan for a multimillion dollar house that want their tax returns done as cheaply as possible.
They are high income but cash poor. Spending every dime they make.
Need the blueprint on this strategy!Serious Lee said:
85 yr old single woman across the street from me has one of the nicest homes in the neighborhood, probably over 5K sq ft. husband left her the house in the divorce 30 years ago but no money. she hasnt worked in 40 years, quit paying property taxes 20 years ago. has charitable organizations doing her lawn/landscaping. doesnt seem to have an ounce of shame either. some people just know how to get by.
sorry but this example doesn't fit with the others.Quote:
It's driving a nice Honda Accord Sport vs. a Brodozer truck.
maybe.. but just like half the sports cars out there have never been on a track.. Have you taken your accord sport to a track?fc2112 said:
Which is why I prefaced my comments with "it depends on the individual".
You gotta admit that half the brodozers out there haven't had anything heavier than a bag of groceries in the back.
saw em off said:
I've always been pretty good at living within the means. My wife was a stay-at-home mom for 20 years. We had one kid (tried for others but no luck). I was anal about no debt early on other than house/cars. I didn't make anywhere near 6 figures, and we didn't eat sandwiches either. We went on vacations every year, I was able to save enough to where my daughter will graduate debt free in a year. She goes to Lamar and lives at home. I don't invest, but will have a nice retirement in about 6 years if we elect the right president. Retirement might be a foreign concept if we don't.
No bragging here, just say all that to say, I was constantly evaluating our household budget and finding ways not go overboard with stuff. Thanks to youtube, I do 90% of all house and car maintenance/repairs myself. Always shopping for lower insurance premiums. I've found that there are always clever ways to cut back without sacrificing too much.
agreed 100%. The good thing about people though who choose to finance tons of boats, cars, UTV's etc is that I dont have to buy one. I can just milk them having it for the time being since they then feel obligated to use them since they are paying for it.vin1041 said:
People make to many payments.
