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Old Today, 08:12 AM
 
2,897 posts, read 1,427,990 times
Reputation: 3261

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Quote:
Originally Posted by Finn_Jarber View Post
I guess you can just live under a bridge until you save enough to buy a house with cash.
Drama much?
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Old Today, 08:27 AM
 
2,897 posts, read 1,427,990 times
Reputation: 3261
Quote:
Originally Posted by EddieB.Good View Post
So you're in favor of the US economy crashing?
If thatís what you got from my last post then yeah you donít get it.
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Old Today, 08:34 AM
 
Location: Jacksonville, FL
7,051 posts, read 7,823,985 times
Reputation: 5739
Quote:
Originally Posted by MarshaBrady1968 View Post
I concur.

There are not a lot of "how I got rich" stories where you hear:
" the wife and I got a tiny house and shared a 1999 Corolla while we opened up our dream business . We ate ramen, saved what we could, and paid our taxes so we could run an honest business, and I'll be damned if that sucker didn't just take off! Look at us now with our jets and our real estate fortune!"

Most people who write the rich people books say things like "debt is good. never use your own money- get credit from someone else. learn the tax loopholes" etc etc.
Youíre reading the wrong books.
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Old Today, 08:44 AM
 
2,897 posts, read 1,427,990 times
Reputation: 3261
Quote:
Originally Posted by MarshaBrady1968 View Post
I concur.

There are not a lot of "how I got rich" stories where you hear:
" the wife and I got a tiny house and shared a 1999 Corolla while we opened up our dream business . We ate ramen, saved what we could, and paid our taxes so we could run an honest business, and I'll be damned if that sucker didn't just take off! Look at us now with our jets and our real estate fortune!"

Most people who write the rich people books say things like "debt is good. never use your own money- get credit from someone else. learn the tax loopholes" etc etc.
Read Dave Ramsey. Heís helped millions get out of debt.
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Old Today, 09:04 AM
 
6,394 posts, read 2,717,650 times
Reputation: 2358
Quote:
Originally Posted by MarshaBrady1968 View Post
I concur.

There are not a lot of "how I got rich" stories where you hear:
" the wife and I got a tiny house and shared a 1999 Corolla while we opened up our dream business . We ate ramen, saved what we could, and paid our taxes so we could run an honest business, and I'll be damned if that sucker didn't just take off! Look at us now with our jets and our real estate fortune!"

Most people who write the rich people books say things like "debt is good. never use your own money- get credit from someone else. learn the tax loopholes" etc etc.
Most people that got rich did it with other peoples money or buying off politicians.
There are tons of examples in my city where a startup business will get city grants and taxes waved because the business owner has friends in politics.

They will also create contracts with the city with top dollar paid for services.
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Old Today, 09:06 AM
 
6,394 posts, read 2,717,650 times
Reputation: 2358
Quote:
Originally Posted by Ellise View Post
That's what I've done. I live within my modest means and I am debt free. I'm sure as hell not part of the middle class though. Better to be free than to be a wage/debt slave to our corporate overlords in order to keep up appearances.
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Old Today, 09:19 AM
 
1,035 posts, read 217,860 times
Reputation: 1552
Quote:
Originally Posted by MarshaBrady1968 View Post
I concur.

There are not a lot of "how I got rich" stories where you hear:
" the wife and I got a tiny house and shared a 1999 Corolla while we opened up our dream business . We ate ramen, saved what we could, and paid our taxes so we could run an honest business, and I'll be damned if that sucker didn't just take off! Look at us now with our jets and our real estate fortune!"

Most people who write the rich people books say things like "debt is good. never use your own money- get credit from someone else. learn the tax loopholes" etc etc.
Try reading "The Millionaire Next Door". It's more about living below your means and only taking on certain debt.
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Old Today, 09:20 AM
 
6,394 posts, read 2,717,650 times
Reputation: 2358
Quote:
Originally Posted by EddieB.Good View Post
It's absolutely a reflection on the economy.

It's all well and good to shame these people for their decision making, but they're the norm and they've always been the norm. Most people are making some kind of "bad" financial decision. The difference between now and the last few generations is that wages could cover people's inefficiencies.

Now you have most people living check to check, to the point that half of Americans couldn't cover a $1000 out of pocket expense. And our entire economy is based on those inefficiency. Where do you think the economy would be if most Americans put 10% of their paycheck in savings, 15% towards retirement? If they didn't have kids until they were able to put 20% down on a house in the suburbs? If Americans spread out into the sticks bc they shouldn't spend more 20% on housing? As a country, we'd be f***ed.

The issue isn't American consumers/consumerism. The issue is wages and cost of living squeezing Americans on both sides.
Yep
It is a systemic problem.
If everyone lived within their means then we would go into a recession.
The politicians would shout for everyone to get out there and spend.

Wages have to go up or COL has to come down but wall street would not like either option.
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Old Today, 09:32 AM
 
1,035 posts, read 217,860 times
Reputation: 1552
Quote:
Originally Posted by J746NEW View Post
Yep
It is a systemic problem.
If everyone lived within their means then we would go into a recession.
The politicians would shout for everyone to get out there and spend.

Wages have to go up or COL has to come down but wall street would not like either option.
Or the Fed lowers rates....come one, come all. Borrow more money for less.

Wall Street isn't the player or the controller here. They don't control housing prices or COL of areas.
The MSM plays a part in that with their 10 top cities to live in, 10 hot cities to retire to, the latest decorating trends, etc.
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Old Today, 09:47 AM
 
Location: Florida
3,513 posts, read 955,926 times
Reputation: 2793
Quote:
Originally Posted by Mathguy View Post
You created a thread to attack Trump and then wrote THAT?
Text book example of TDS.
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