U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Closed Thread Start New Thread
 
Old 08-20-2017, 10:14 PM
 
33,046 posts, read 20,714,185 times
Reputation: 8928

Advertisements

Quote:
Originally Posted by RE Banking View Post
And therefore you will remain a burger flipper and be poor the rest of your life.

How so?

 
Old 08-20-2017, 10:25 PM
 
28 posts, read 10,475 times
Reputation: 18
Quote:
Originally Posted by freemkt View Post
How so?
Are you a burger flipper manager?
 
Old 08-20-2017, 11:19 PM
 
33,046 posts, read 20,714,185 times
Reputation: 8928
Quote:
Originally Posted by RE Banking View Post
Are you a burger flipper manager?

No, after one month of flipping burgers in Detroit, I swore off burger flipper management for life.
 
Old 08-20-2017, 11:38 PM
 
28 posts, read 10,475 times
Reputation: 18
Quote:
Originally Posted by freemkt View Post
No, after one month of flipping burgers in Detroit, I swore off burger flipper management for life.
Exactly as I suspected. Failure to launch and only blaming everyone else instead of trying to better your situation.
 
Old 08-20-2017, 11:47 PM
 
24,722 posts, read 26,785,278 times
Reputation: 22714
Quote:
Originally Posted by mathjak107 View Post
the problem is generally events cause to much month at the end of the money as live below your means is a meaningless mantra . means can change on a dime from unexpected events .

divorce -illness-job loss are the big three changers of "MEANS " . where you live and how you live and all the expenses of that lifestyle can not be changed on a dime usually . so what very well was within your means may now have you with noooooo "MEANS "

but generally you are done in by these events because of a history of poor planning , bad choices and poor decisions prior , not spending ..

so the fact you lived below your means is not what saves you most of the time . it is when events suddenly change what your means is that gets you .

that is why i say it is not the total amount you spend that matters , it is the ratio of discretionary spending to non discretionary spending that is important .

you can very well be living below your means but if that budget is all needs and not wants too , there can be no where to cut from when your "MEANS " gets reduced
we can live here in queens nyc with a lot of discretionary spending or we could move to manhattan for the same budget . but a decision to move to manhattan would leave little discretionary spending . in the event we had to cut back because means fell it would be very difficult to cut things .

that could create an unpleasant situation where bills may not get paid .

but it would be that way because of a poor decision to live with such a high non discretionary budget , even though it was certainly within our means . so while i could blame the event that caused the reduction , the real reason was poor choices and bad decisions on my behalf leading up to that event ..

.
Good points. As Mr. Money Mustache would say, the real villains in most people's financial lives are their Past Selves.

Are You Giving the Shaft to your Future Self?
 
Old 08-21-2017, 01:52 AM
 
64,577 posts, read 66,100,109 times
Reputation: 43003
Quote:
Originally Posted by freemkt View Post
They should have the economic liberty to manage their finances as they see fit. I'm paying half my income to rent a room in an overcrowded house. Why can't government allow me to manage my finances by pitching a tent in my friend's back yard?
for the same reason no one wants their neighbor running a refugee camp next door .

that is why we have zoning laws .
 
Old 08-21-2017, 01:55 AM
 
64,577 posts, read 66,100,109 times
Reputation: 43003
Quote:
Originally Posted by freemkt View Post
It's too expensive to figure out that a borrower who takes out 10 loans and repays timely every time is a lower risk than the newbie who walks through the door for the first time???

When you live on a shoestring and have no discretionary income, all sorts of things can cause these people to borrow. "I'm going to stiff my landlord next month because that's preferable to taking out a payday loan." : smack::s mack::sm ack::sma ck::smac k::smack : : smack::s mack::sm ack::sma ck::smac k::smack : : smack:
defaults are so high in the pay day loan business , if you are in that group you pay more .

don't want to pay more ? don't be in that group . simple answer . it is an area of lending that is like insurance . the good customers pay for the bad ones . it is the only way they can stay in business . it is a different business model .

 
Old 08-21-2017, 01:59 AM
 
64,577 posts, read 66,100,109 times
Reputation: 43003
Quote:
Originally Posted by RE Banking View Post
Exactly as I suspected. Failure to launch and only blaming everyone else instead of trying to better your situation.
he thinks his financial failure in life is because he has to pay rent .

others pay rent , and do very nicely .

his problem isn't the rent is to high . the problem is his income is to low and he never did anything about it . it is always one excuse after another and it is always someone else's fault he is stuck earning kiddie wages .

so instead of raising the bridge his life is about lowering the water , lowering living standards, lowering building standards and reducing zoning requirements and rewarding failure with some form of property ownership
 
Old 08-21-2017, 07:00 AM
 
15,385 posts, read 8,682,121 times
Reputation: 13770
Quote:
Originally Posted by freemkt View Post
The VAST majority of burger flippers have ZERO interest in managing other burger flippers. That was clear to me after one month of flipping burgers.
Failure to further your skills, education or responsibility = a lifetime of minimum wage jobs.

It's not high rents that is your problem, it's low income. Why should someone who refused to take a job that requires more skill or responsibility make more money than someone who has? You constantly deny that you are "entitled", yet your actions and comments define that word.
 
Old 08-21-2017, 07:11 AM
 
844 posts, read 359,406 times
Reputation: 875
Quote:
Originally Posted by freemkt View Post
They should have the economic liberty to manage their finances as they see fit. I'm paying half my income to rent a room in an overcrowded house. Why can't government allow me to manage my finances by pitching a tent in my friend's back yard?
If you choose a living condition that consumes half of your income, it is your responsibility to manage the rest of your expenses to avoid needing to borrow.

Government has nothing to do with it, personal responsibility and accountability has everything to do with it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Closed Thread

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top