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Old 05-18-2018, 08:18 PM
 
10,269 posts, read 6,500,789 times
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Quote:
Originally Posted by hitpausebutton2 View Post
If your sitting on alot of money in the bank or couch, are you the partial reason for inflation?
Not at all. the hoarders are people with 100's of millions of dollars.

A lot of money in a couch, even $50K in the cushions can be gone in a year if something happens.
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Old 05-19-2018, 02:46 AM
 
6,078 posts, read 2,498,198 times
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Quote:
Originally Posted by LifeIsGood01 View Post
Not at all. the hoarders are people with 100's of millions of dollars.

A lot of money in a couch, even $50K in the cushions can be gone in a year if something happens.
50k is not that much money unless you are child free and completely debt free and own your home, and even then it depends on how much you are getting gouged in property taxes in your area.

Best case scenario you could live minimally for 3-4 years if EVERYTHING is paid off.
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Old 05-19-2018, 06:34 AM
 
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Quote:
Originally Posted by pittsflyer View Post
50k is not that much money unless you are child free and completely debt free and own your home, and even then it depends on how much you are getting gouged in property taxes in your area.

Best case scenario you could live minimally for 3-4 years if EVERYTHING is paid off.
I didn't say it was a lot of money, $50K is a lot to find in pennies and nickles in a couch, and when people can't gather $500 for an emergency, $50K is a fortune, of course many would splurge instead of using it wisely which is why they don't have $500.
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Old 05-19-2018, 08:27 AM
 
Location: World
3,148 posts, read 3,210,342 times
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Quote:
Originally Posted by LifeIsGood01 View Post
Not at all. the hoarders are people with 100's of millions of dollars.

A lot of money in a couch, even $50K in the cushions can be gone in a year if something happens.

Actually Hoarders will be very careful in splurging that $50K. I bet they will make it to $55K in one year instead of wasting it.
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Old 05-19-2018, 04:04 PM
 
6,078 posts, read 2,498,198 times
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Quote:
Originally Posted by munna21977 View Post
Actually Hoarders will be very careful in splurging that $50K. I bet they will make it to $55K in one year instead of wasting it.
5k ROR is not that great. Considering that your taking a risk that you may end up with 45k at the end of the year just as well and you did not even get to enjoy that 5k you lost in the market.
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Old 05-21-2018, 03:13 PM
 
2,360 posts, read 1,028,642 times
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Quote:
Originally Posted by Bp25 View Post
The world is a tough place, my dear friend. You are worried about getting kicked out of town, I have seen people in south Asia getting kicked out of the country (effectively) to go work in slave like conditions in middle east because they were not competitive enough in their own country.
Isnt that what is happening now in our own country? *farming

I worry just like the next person does. How fast they can be replace by some kid that went through school with ZERO experience because he is willing A) take a pay cut or B) fake the resume to look awesome and produce nothing. B has happen were i working at, and now they are going back and double checking everybody that applied with in past 2 years. What happens when you want something real fast and got burned.
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Old 05-23-2018, 07:30 PM
 
Location: Sector 001
7,129 posts, read 5,947,609 times
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In theory it causes deflation. They want everyone to consume and go into debt because debt is money, money is debt, we have a debt based currency. A few people hoarding won't matter though.. they condition us via the media to spend spend spend, always... besides holding cash is a terrible investment. The bottom will spend all their money because they have no choice, they need to live. The top generally spends their money on stocks and real estate which in and of itself causes prices of both to appreciate so joe middle class has to pay more if he wants to live in Denver versus living in Omaha.
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Old 05-24-2018, 02:25 PM
 
2,360 posts, read 1,028,642 times
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Quote:
Originally Posted by stockwiz View Post
In theory it causes deflation. They want everyone to consume and go into debt because tdebt is money, money is deb, we have a debt based currency. A few people hoarding won't matter though.. they condition us via the media to spend spend spend, always... besides holding cash is a terrible investment. The bottom will spend all their money because they have no choice, they need to live. The top generally spends their money on stocks and real estate which in and of itself causes prices of both to appreciate so joe middle class has to pay more if he wants to live in Denver versus living in Omaha.
And we the poor consumer gets the shaft..
But wait.. the upper class wants everybody to work 2-3 jobs, be single for rest of their life, live in a shack for years to save up 10 years worth of emergency funds.

Am I missing something else?

Well time to get back on the road., soup kitchen is opening up.
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Old 05-26-2018, 04:08 AM
 
5,221 posts, read 2,378,942 times
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Quote:
Originally Posted by stockwiz View Post
In theory it causes deflation. They want everyone to consume and go into debt because debt is money, money is debt, we have a debt based currency. A few people hoarding won't matter though.. they condition us via the media to spend spend spend, always... besides holding cash is a terrible investment. The bottom will spend all their money because they have no choice, they need to live. The top generally spends their money on stocks and real estate which in and of itself causes prices of both to appreciate so joe middle class has to pay more if he wants to live in Denver versus living in Omaha.
I have a $100 bill in my pocket. Tell me all about how that is debt. To whom do I owe it?
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Old 05-26-2018, 06:05 AM
 
8,291 posts, read 3,456,454 times
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Quote:
Originally Posted by TaxPhd View Post
I have a $100 bill in my pocket. Tell me all about how that is debt. To whom do I owe it?
The $100 is your asset. The debtor is essentially the Federal gov't as national debt.
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