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Old 04-30-2014, 05:31 PM
 
Location: Subconscious Syncope, USA (Northeastern US)
2,367 posts, read 1,639,375 times
Reputation: 3814

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How many people dont even have a job right now? How many people with the potential for better employment (i.e. college degrees) are competing with unskilled labor for unskilled labor jobs?

Its fine for people wth jobs to plan, but what happens when the few places of employment continue to downsize? What happens to their plans - will they truely be able to forget about it and leave it saved while they are facing eviction and the like?

I dont mean to take this thread off-topic at all, but saving is all fine and dandy - provided there is something, even $20 a month extra, when there isnt much scope for employment to begin with.

Then I could start in about credit card companies that offer credit to people who dont even have jobs yets.

I sit here at 52 and watch almost all bastions of hope flow at a steady pace down the drain, even possibly my own job. I have some money saved for retirement - even plan on retiring as soon as I can - but if I find myself downsized, and unlucky enough not to replace that employment at the *cough* highly sought after age of 52*cough* even I will be hardpressed not to touch that savings and hold my breath till age 57.

Damn, this thread just depressed the crap out of me!
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Old 05-10-2014, 07:22 PM
 
Location: Florida -
8,767 posts, read 10,862,335 times
Reputation: 16650
Quote:
Originally Posted by jlawrence01 View Post
No financial planning is very different than dieting.

In dieting, you are supposed to spend MORE than you take in.

In financial planning, you are supposed LESS less than you take in. (g)
Although it is just an allegory, the parallel is:

The advice in dieting is always to eat LESS than than one can 'stuff down one's gullet'

The advice in financial planning is always to spend LESS than one's entire income.

Neither are 'rocket science' or 'brain surgery.'
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Old 05-10-2014, 11:50 PM
GLS
 
1,985 posts, read 4,850,035 times
Reputation: 2408
Quote:
Originally Posted by jlawrence01 View Post
No financial planning is very different than dieting.

In dieting, you are supposed to spend MORE than you take in.

In financial planning, you are supposed LESS less than you take in. (g)
In an attempt to implement your analogy, I fired my financial planner and hired a nutritionist. Now my wallet is losing weight.
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