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Old 10-12-2013, 12:39 PM
 
33,016 posts, read 27,495,372 times
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Quote:
Originally Posted by TheHurricaneKid View Post
No, but it put him through college, with the assistance of parents.

Ah...so he was a subsidy kid.
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Old 10-12-2013, 12:40 PM
 
Location: the very edge of the continent
89,102 posts, read 44,928,596 times
Reputation: 13732
Quote:
Originally Posted by freemkt View Post
Many burger flippers work hard, so individual effort isn't necessarily the solution.
It takes effort to find a solution. Apparently, that effort isn't being made.
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Old 10-12-2013, 12:44 PM
 
9,659 posts, read 10,237,379 times
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Quote:
Originally Posted by freemkt View Post
Ah...so he was a subsidy kid.
Damn right. The cost of education outpaced inflation a long time ago. What was once achievable on a low wage job, no longer is.
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Old 10-12-2013, 12:47 PM
 
9,659 posts, read 10,237,379 times
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Quote:
Originally Posted by freemkt View Post
Ah...so he was a subsidy kid.
Not to mention the fact that rent is higher than it was when the older people went to school.
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Old 10-12-2013, 12:50 PM
 
33,016 posts, read 27,495,372 times
Reputation: 9074
Quote:
Originally Posted by InformedConsent View Post
It takes effort to find a solution. Apparently, that effort isn't being made.

Sounds like a flowchart is in order here...


Actually I've been pursuing an alternative income path which might be gaining some traction. Tried a couple others which didn't work out so well but this one looks promising.
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Old 10-12-2013, 12:53 PM
 
41,110 posts, read 25,774,418 times
Reputation: 13868
Quote:
Originally Posted by freemkt View Post
Yeah yeah I know, but the right education/training is financially out of reach. I'm not sure what the millionaire's secret is in that case.
And here come the excuses. Hint ... The poor say "I can't", the rich say "how can I"

Lately, poor people have been blaming everyone but themselves. That's why they like Obama so much, they "think" he thinks like them.
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Old 10-12-2013, 12:54 PM
 
41,110 posts, read 25,774,418 times
Reputation: 13868
Quote:
Originally Posted by TheHurricaneKid View Post
Damn right. The cost of education outpaced inflation a long time ago. What was once achievable on a low wage job, no longer is.
That's because government insisted on subsidizing it driving the cost up.

Subsidize - Bubble - Crash

In this case making it out of reach for more people. But someone who is on the path to becoming rich will say, I'll work and go to community college.
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Old 10-12-2013, 12:57 PM
 
41,110 posts, read 25,774,418 times
Reputation: 13868
Quote:
Originally Posted by freemkt View Post
Sounds like a flowchart is in order here...


Actually I've been pursuing an alternative income path which might be gaining some traction. Tried a couple others which didn't work out so well but this one looks promising.
Rich people don't typically succeed the first, 2nd, 3rd try but they kept trying. And "when" you succeed then comes a president who says "you didn't build that" LOL, what a moron.
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Old 10-12-2013, 12:59 PM
 
9,659 posts, read 10,237,379 times
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Quote:
Originally Posted by petch751 View Post
And here come the excuses. Hint ... The poor say "I can't", the rich say "how can I"
Naturally, the poor have to spend more time at work and less time in class...
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Old 10-12-2013, 01:00 PM
 
Location: Billings, MT
9,884 posts, read 10,991,790 times
Reputation: 14180
Quote:
Originally Posted by freemkt View Post
How, exactly does 'thinking the right way' make a poor burger flipper rich?
Try this: Instead of spending every dime he makes on frippery, he STUDIES the mining exchange "penny stocks", and INVESTS his spare change in mining stock at about 10 cents per share. He never invests more than he can afford to lose. Some stock purchases fail, and he loses his money. However, some stocks increase in value. Some even increase to the point where they split 2 for one, and his money doubles. Some of the companies he invested in are bought out by bigger companies.
It is entirely possible, with careful investing, to turn a $10 investment into several thousand dollars or more in a few years.
Or, the poor burger flipper goes to a 2-year trade school, becomes a plumber or diesel mechanic or finish carpenter or any other tradesman, and lives quite comfortably. With careful investment of his money, by the time he retires he is quite wealthy.
Or, the poor burger flipper joins the Navy, learns to be an aircraft mechanic, stays in for 20 years, retires, gets his A&P license, goes to work for a major airline or becomes a Tech Rep for a major aircraft manufacturer with military contracts, invests his money wisely, and by the time he is 65 he is fairly wealthy.
As Robert A. Heinlein said, TANSTAAFL! There Ain't No Such Thing As A Free Lunch! Nobody OWES you anything! "All Men Are Created Equal", naked and squalling. It is what YOU do AFTERWARDS that shows what you will be. You can keep squalling and have little or nothing, or you can buckle down and WORK, and be whatever your intellect will allow.
Even obama started out with nothing, and look where he is now: A millionaire, and President! We won't discuss how he got there, just the fact that he did it!

Now, some have asked about "fair taxation". OK, how abut a flat tax: NO exemptions, NO deductions, just pay 25% of your income from ALL sources to the government. It doesn't matter if your income is $1 or $100,000 or $1,000,000 or $100,000,000, you will pay 25% to the government for the privilege of living in this country. the rate will NOT go up as income goes up. Success should NOT be penalized! It can't get any fairer than that!
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