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As much as I like to ridicule them, there's something to be said for Subsidy Kids.
My situation is no different from that of a kid receiving free or reduced price lunch: it gives me a chance to succeed in life despite my disadvantages (being in poverty).
If I was truly unintelligent could I have accrued wealth and had a long term perspective?
Hold the phone. I thought you were poor and destitute. Now you accrued wealth and have a long term perspective? News flash kid. You aren't poor. You got 160,000 dollars and make 60k a year. By definition you are not poor. You live in a area that is far beyond your current capabilities.
And another thing. Most of these millionaires which you strive to be were out busting azz not online complaining.
Quote:
Originally Posted by freemkt
A credit score that is stuck due to a one-time event 15 years ago is an extremely good indicator of what? Certainly not my ability to pay rent on time.
You could of filed BK and be completely back on your feet. Why aren't you filing BK now? 15 years and you STILL have bad credit due to a hospital stay and medical bills? You expect us to keep believing that?
Hold the phone. I thought you were poor and destitute. Now you accrued wealth and have a long term perspective? News flash kid. You aren't poor. You got 160,000 dollars and make 60k a year. By definition you are not poor. You live in a area that is far beyond your current capabilities.
And another thing. Most of these millionaires which you strive to be were out busting azz not online complaining.
Wealth doesn't mean much in a place where 2 bedroom houses are a million dollars.
I don't know, investing 3-4K a month is more busting ass that most of the population. I make due with what I have. Thankfully winter is coming and my income will skyrocket the last month which will let me save more.
Yes. It's easy to accrue wealth when you are subsidized by your parents and can pour your income into wealth producing asset vehicles.
I hate to defend PermaBear, but there are LOADS of people subsidized by parents who are STILL broke--probably the majority. The money gets spent on cars and entertainment.
I hate to defend PermaBear, but there are LOADS of people subsidized by parents who are STILL broke--probably the majority. The money gets spent on cars and entertainment.
So one freeloads off their parents to build wealth and the other freeloads of their parents to defer adulthood and do entertainment and travel? I don't see how either person could be seen as anything other than a failure. I certainly wouldn't consider either to be the right thing to do.
I wish others had the same idea around here, but they don't. Apt management all get together and plan on raising rents every lease. Same with Housing property managements.
Really? They "all get together" in some secret conspiracy? You have actual knowledge of this or is it just something you "know" must be happening?
A credit score that is stuck due to a one-time event 15 years ago is an extremely good indicator of what? Certainly not my ability to pay rent on time.
Credit activity only stays on your credit report for max 7 years except bankruptcy can stay 10 years.
Hold the phone. I thought you were poor and destitute. Now you accrued wealth and have a long term perspective? News flash kid. You aren't poor. You got 160,000 dollars and make 60k a year. By definition you are not poor. You live in a area that is far beyond your current capabilities.
And another thing. Most of these millionaires which you strive to be were out busting azz not online complaining.
You could of filed BK and be completely back on your feet. Why aren't you filing BK now? 15 years and you STILL have bad credit due to a hospital stay and medical bills? You expect us to keep believing that?
Why file BK now when I do not expect to live long enough for the BK to drop off my credit?
Hospital stay + loss of income --> credit card #1 judgment + credit card #2 judgment --> insufficient income to pay rent on time AND resolve judgments --> I pay rent on time and ignore the judgments --> judgments can be renewed and therefore never drop off credit file.
So one freeloads off their parents to build wealth and the other freeloads of their parents to defer adulthood and do entertainment and travel? I don't see how either person could be seen as anything other than a failure. I certainly wouldn't consider either to be the right thing to do.
You'd be able to save as much if you pulled yourself up by your bootstraps.
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