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Old 01-28-2016, 12:41 PM
 
5,342 posts, read 6,168,483 times
Reputation: 4719

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Quote:
Originally Posted by UNC4Me View Post
Better to take a one time loss to move than continue to lose year after year after year.......
Yes it is, but people aren't rationale. It's the sunk cost fallacy.

Sunk-Cost Fallacy
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Old 01-28-2016, 12:41 PM
 
8,170 posts, read 6,036,420 times
Reputation: 5965
Quote:
Originally Posted by freemkt View Post
Hod do they live the way they live? I know I can't afford to live that way.
Honestly I would love to see your budget. It seems like supporting only one person, instead of what I support on my salary would be like a cakewalk.
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Old 01-28-2016, 12:49 PM
 
33,016 posts, read 27,464,007 times
Reputation: 9074
Quote:
Originally Posted by mizzourah2006 View Post
Yes it is, but people aren't rationale. It's the sunk cost fallacy.

Sunk-Cost Fallacy

Except that it took years to acquire these hard to find items and it would tale a long time to rebuild that. Having an extra $100-$200 per month would still take years to rebuild that, especially in the context of the items becoming harder to find over time.
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Old 01-28-2016, 12:54 PM
 
17,401 posts, read 11,978,162 times
Reputation: 16155
Quote:
Originally Posted by LowonLuck View Post
He is ordered to pay child support. I could pay off my awd fully loaded 18 month old Durango on his arrears.
How do you make someone pay something they are determined to my pay? This is where the laws need to be stricter, punishments enforced and the system needs to proactively collect everyway possible.
You say you make good financial decisions, yet you drive a almost new fully loaded luxury car? You have the latest gadgets? Live in a huge house on acreage?

I have to ask why? Because you like the trappings of wealth, but only make $15 an hour?

That's fine if you're OK with that. But to say you "are" poverty (which is what exactly, as opposed to "living in poverty?") and not tell your parents to give you cash instead of gadgets, or not move out of that huge house on acreage, or not sell those earrings means you are no better than most folks in poverty that make dumb decisions.
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Old 01-28-2016, 12:56 PM
 
17,401 posts, read 11,978,162 times
Reputation: 16155
Quote:
Originally Posted by freemkt View Post
Except that it took years to acquire these hard to find items and it would tale a long time to rebuild that. Having an extra $100-$200 per month would still take years to rebuild that, especially in the context of the items becoming harder to find over time.
You didn't read that, did you.
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Old 01-28-2016, 01:04 PM
 
33,016 posts, read 27,464,007 times
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Quote:
Originally Posted by LowonLuck View Post
Honestly I would love to see your budget. It seems like supporting only one person, instead of what I support on my salary would be like a cakewalk.

rent 425

health insurance 150

storage 225

food 150 (month-to-date 131)

student loan 100

everything else 50


clearly the storage is killing me. for the same monthly cost of rent+storage i could have a larger place, move everything out of storage, and stop paying for storage. but that entails up front costs i cannot cover.
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Old 01-28-2016, 01:12 PM
 
33,016 posts, read 27,464,007 times
Reputation: 9074
Quote:
Originally Posted by ringwise View Post
You didn't read that, did you.

I disagree with it. If I had to start over, I would be starting with nothing to sell and the acquisition ramp-up time (and increased cost) would not be worthwhile.
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Old 01-28-2016, 01:15 PM
 
8,170 posts, read 6,036,420 times
Reputation: 5965
Quote:
Originally Posted by ringwise View Post
You say you make good financial decisions, yet you drive a almost new fully loaded luxury car? You have the latest gadgets? Live in a huge house on acreage?

I have to ask why? Because you like the trappings of wealth, but only make $15 an hour?

That's fine if you're OK with that. But to say you "are" poverty (which is what exactly, as opposed to "living in poverty?") and not tell your parents to give you cash instead of gadgets, or not move out of that huge house on acreage, or not sell those earrings means you are no better than most folks in poverty that make dumb decisions.
My salary is poverty. I already agreed that the things I own do not match my salary. I don't need my parents to give me cash. Why would they? They give gadgets because those are items they wanted us to have and it is not my place to tell them how to spend their money.
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Old 01-28-2016, 01:16 PM
 
5,342 posts, read 6,168,483 times
Reputation: 4719
Quote:
Originally Posted by freemkt View Post
rent 425

health insurance 150

storage 225

food 150 (month-to-date 131)

student loan 100

everything else 50


clearly the storage is killing me. for the same monthly cost of rent+storage i could have a larger place, move everything out of storage, and stop paying for storage. but that entails up front costs i cannot cover.
You do realize that if that is your take home income it is significantly less than the take home income of a full-time federal min. wage employee. I made about that while I was in college working part-time at a grocery store.
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Old 01-28-2016, 01:16 PM
 
8,170 posts, read 6,036,420 times
Reputation: 5965
Quote:
Originally Posted by freemkt View Post
rent 425

health insurance 150

storage 225

food 150 (month-to-date 131)

student loan 100

everything else 50


clearly the storage is killing me. for the same monthly cost of rent+storage i could have a larger place, move everything out of storage, and stop paying for storage. but that entails up front costs i cannot cover.
What is your income?
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