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Old 03-26-2015, 11:55 AM
 
Location: Chicago area
14,450 posts, read 7,956,638 times
Reputation: 53609

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Quote:
Originally Posted by cdelena View Post
I was really taken recently when reading about billionaires worldwide and saw the common thread with all the self-made individuals... constant effort, hard work, dedication to building for the future. Some came from the most destitute beginnings to build a fortune.

When I look at my family the trends are exactly the same (but no billionaires), the 30% of us that have or will retire with adequate assets are the ones that worked, planned, and put more effort into providing for ourselves and family as compared to the ones that focused on their current lifestyle.

I know that life throws all of us difficult challenges but hard work and capitalizing on the little dumb luck that all see at times can result in a productive life including adequate late life resources. I get very tired of hearing about income inequality when it is primarily brought on themselves.

So yeah, people make up their own reality.
Yes I agree with that but sometimes life does interfere with the best laid plans. We're all one catastrophic accident or illness away from financial security.
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Old 03-26-2015, 04:06 PM
 
33,046 posts, read 22,121,606 times
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Originally Posted by TuborgP View Post
Yes and the negative blow back against them may cause tjem to move out again.

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Old 03-26-2015, 04:35 PM
 
33,046 posts, read 22,121,606 times
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Originally Posted by Travelassie View Post
As long as they didn't pay it back too quickly. The lenders love those interest charges, the higher the better!

That is precisely why prepayment penalties exist. Many lenders esp sub-prime put the fix in at the start, so they get their money whether the borrower pays as agreed or tries to dodge the high interest by paying early.
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Old 03-26-2015, 04:37 PM
 
33,046 posts, read 22,121,606 times
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Quote:
Originally Posted by TuborgP View Post
Not if they become easy targets for urban dissent, remember this is on the context of real class warfare as noted by other posters

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