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Old 03-30-2015, 07:09 PM
 
33,046 posts, read 22,062,610 times
Reputation: 8970

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Quote:
Originally Posted by Red On The Noodle View Post
I never had an employer offer 401K or pension plan. I invested in my own mutual fund accounts starting at 28. Once the money was saved/invested, it ceased to exist for me -- like a black hole. I never considered touching it. If I had an emergency, I figured out some other way to get the money. My savings/fund accounts were never an option.

For the cry babies that say they have too much student loan debt and not enough income from their job, then you need to get a second job. I have worked two jobs most of my life. It gives you extra income AND it keeps you out of stores, clubs, and other places where you spend more money than you make.

I am single, female, never made a large salary, and I just paid off my house this week (15 years).

You obviously made a salary sufficient to buy a house.
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Old 03-30-2015, 07:12 PM
 
33,046 posts, read 22,062,610 times
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Originally Posted by Southern man View Post
You paid yourself first. I don't believe the young folks today understand that.

Not everyone can pay themselves first. The Dept of Ed pays themselves first and lets me have what's left over.
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Old 03-30-2015, 07:17 PM
 
33,046 posts, read 22,062,610 times
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Originally Posted by TuborgP View Post
Yes and for how many years do or have they remained in that state of employment? Also where were those degrees from and what were they in. Yes as you have highlighted previously what to major in and where to do it is critical to job market entry.

I don't know, I've never seen that data.
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Old 03-30-2015, 10:12 PM
 
6,353 posts, read 5,161,362 times
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Originally Posted by freemkt View Post
Government does a very poor job of dealing with downward mobility. Government is the greatest obstacle faced by those who would like to affordably and sustainably downsize to a tiny home.
Here you go. Actual house, good condition, $12,000. African American neighborhood. They don't bite.

REDUCED BY $7,000! INVESTING MADE EASY!!!!! JUST START COLLECTING!!!

(MOD: I have no financial interest in this house. I am just posting it as an example of affordable housing.)
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Old 03-30-2015, 11:27 PM
 
33,046 posts, read 22,062,610 times
Reputation: 8970
Quote:
Originally Posted by Larry Siegel View Post
Here you go. Actual house, good condition, $12,000. African American neighborhood. They don't bite.

REDUCED BY $7,000! INVESTING MADE EASY!!!!! JUST START COLLECTING!!!

(MOD: I have no financial interest in this house. I am just posting it as an example of affordable housing.)

That's not a tiny home, it's affordable because Cleveland sucks.
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Old 03-31-2015, 02:40 AM
 
71,593 posts, read 71,751,865 times
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and where do you think you are going to find these cheap homes ?

you get what you pay for.
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Old 03-31-2015, 07:50 AM
 
Location: The South
5,225 posts, read 3,637,448 times
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Quote:
Originally Posted by freemkt View Post
Not everyone can pay themselves first. The Dept of Ed pays themselves first and lets me have what's left over.
Life is full of choices.
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Old 03-31-2015, 09:25 AM
 
9,194 posts, read 9,275,870 times
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Quote:
Originally Posted by freemkt View Post
Not in STEM, and one of the lower-earning degrees. Which was not relevant to me at the time, because I pursued the degree to get into law school rather than to directly get a job.
Why didn't you go to law school? I did it some years after you did (84' grad) and while I haven't gotten rich, I think its fair to say my wife and I are well to do.

The people who graduated law school before 1980 often did better than I did. Post 1980, the market for law graduates became more and more saturated. However, those who graduated between 1970 and 1980 often could walk right into government jobs with pensions. I know many who did exactly that.

If I understand correctly you chose to forgo law school to work in a fast food restaurant?
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Old 03-31-2015, 09:26 AM
 
15,734 posts, read 9,253,176 times
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Quote:
Originally Posted by freemkt View Post
That's not a tiny home, it's affordable because Cleveland sucks.
Ding, ding, ding. You finally get it. It's not that the houses are too big for you to afford, it's because you live in a desirable area.
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Old 03-31-2015, 09:27 AM
 
15,734 posts, read 9,253,176 times
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Quote:
Originally Posted by freemkt View Post
You obviously made a salary sufficient to buy a house.
And you didn't. Choices. All of them.
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