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Old 02-05-2020, 09:04 AM
 
12 posts, read 4,359 times
Reputation: 17

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Quote:
Originally Posted by AnOrdinaryCitizen View Post
I notice that most people who can't pay their mortgage or car loan because they don't have plans and goals in life from young to study hard, work hard and spend and save wisely. Instead, they'd rather to live like parasites, or when they had a job and a little bit money, they spent on cigarettes, drugs and booze or gambling, or they f'd up too much (bad words) or had stupid sex (better words) and pooped babies out constantly without thinking of their own and their children's future. And they whine Poor Me or blame on other people and society not to support them or "bad" economy.
I don't think that's a fair assessment. Plenty of things can happen in your life that can really set you back financially, especially in the US where healthcare can bankrupt you. Not everybody makes "perfect" decisions from the beginning, and not everything goes to plan even if they do.
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Old 02-06-2020, 07:37 AM
 
696 posts, read 330,586 times
Reputation: 1489
what a crock statement OP - if in fact some are having as hard its because the dummies lease BMW's, Audi,s etc for 700-9-- per month instead of driving a 5 years old chevy.

the look at me syndrome is prevalent everywhere
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Old 02-06-2020, 07:50 AM
 
Location: Tennessee
26,274 posts, read 19,492,124 times
Reputation: 31282
Quote:
Originally Posted by BPKE View Post
I don't think that's a fair assessment. Plenty of things can happen in your life that can really set you back financially, especially in the US where healthcare can bankrupt you. Not everybody makes "perfect" decisions from the beginning, and not everything goes to plan even if they do.
Agreed.

I know plenty of people that have made very poor decisions and have ended up in a mess. I know some who have had "life happens" stuff occur and can no longer work.
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Old 02-06-2020, 07:54 AM
 
76,522 posts, read 75,877,273 times
Reputation: 53727
Quote:
Originally Posted by BPKE View Post
I don't think that's a fair assessment. Plenty of things can happen in your life that can really set you back financially, especially in the US where healthcare can bankrupt you. Not everybody makes "perfect" decisions from the beginning, and not everything goes to plan even if they do.
i would bet the majority of the issues could have been prevented ... it is rarely the event itself that is the cause of financial suicide .eventually all of us go through one of the big three DIVORCE-ILLNESS-JOB LOSS

yet how we emerge is based many times on all the decisions and choices we made up to that point.

on the outside it appears it was one of the big three that caused the financial problems but once you look under the hood that failure was the result of decades of poor choices and bad decisions leading up to the big three
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Old 02-06-2020, 09:44 AM
 
Location: Tennessee
26,274 posts, read 19,492,124 times
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Quote:
Originally Posted by mathjak107 View Post
i would bet the majority of the issues could have been prevented ... it is rarely the event itself that is the cause of financial suicide .eventually all of us go through one of the big three DIVORCE-ILLNESS-JOB LOSS

yet how we emerge is based many times on all the decisions and choices we made up to that point.

on the outside it appears it was one of the big three that caused the financial problems but once you look under the hood that failure was the result of decades of poor choices and bad decisions leading up to the big three
A guy I went to high school with was involved in a car wreck last year that paralyzed him from the chest down. The medical bills had to have been astronomical. He's no longer able to work. I don't know what the hit to his finances was, but it had to be enormous.

I know several guys whose wife decided to file for divorce relatively out of the blue. The guy then gets hit with divide by two divorce math and maybe child support. If you lose your job and can't pay your child support, that can land you in jail here in Tennessee.

Sure, there are a lot of things you can control, but sometimes the bottom falls out for people and there's little they can do about it.
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Old 02-06-2020, 09:50 AM
 
76,522 posts, read 75,877,273 times
Reputation: 53727
Quote:
Originally Posted by Serious Conversation View Post
A guy I went to high school with was involved in a car wreck last year that paralyzed him from the chest down. The medical bills had to have been astronomical. He's no longer able to work. I don't know what the hit to his finances was, but it had to be enormous.

I know several guys whose wife decided to file for divorce relatively out of the blue. The guy then gets hit with divide by two divorce math and maybe child support. If you lose your job and can't pay your child support, that can land you in jail here in Tennessee.

Sure, there are a lot of things you can control, but sometimes the bottom falls out for people and there's little they can do about it.
Those are not the majority of financial suicides
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Old 02-06-2020, 10:03 AM
 
Location: Chandler, AZ
2,920 posts, read 1,455,802 times
Reputation: 6923
Quote:
Originally Posted by BPKE View Post
I don't think that's a fair assessment. Plenty of things can happen in your life that can really set you back financially, especially in the US where healthcare can bankrupt you.
You mean as opposed to Europe, where "protection" from healthcare possibly bankrupting you means a guarantee that taxes will bankrupt you?

Income taxes are about 50% across Europe. Sales taxes (VAT) are 20-25%. Gas is three times what it is here.

There ain't no such thing as a free lunch.
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Old 02-07-2020, 01:33 PM
 
67 posts, read 10,020 times
Reputation: 83
Hyperbole.

I suppose I "can't" make a mortgage or car payment either, but that's because I have neither. I own my house and car outright, and I am indebted to no one.
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Old 02-07-2020, 01:43 PM
 
14,264 posts, read 227,284 times
Reputation: 22194
Quote:
Originally Posted by Serious Conversation View Post
A guy I went to high school with was involved in a car wreck last year that paralyzed him from the chest down. The medical bills had to have been astronomical. He's no longer able to work. I don't know what the hit to his finances was, but it had to be enormous.

I know several guys whose wife decided to file for divorce relatively out of the blue. The guy then gets hit with divide by two divorce math and maybe child support. If you lose your job and can't pay your child support, that can land you in jail here in Tennessee.

Sure, there are a lot of things you can control, but sometimes the bottom falls out for people and there's little they can do about it.

You say "I do not know" and "had to be enormous". So - what do you know about him and his situation?


Non-payment of court ordered child support and 50% of income?
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Old 02-07-2020, 02:28 PM
 
5,244 posts, read 1,393,466 times
Reputation: 6156
Quote:
Originally Posted by abbottkd71 View Post
Hyperbole.

I suppose I "can't" make a mortgage or car payment either, but that's because I have neither. I own my house and car outright, and I am indebted to no one.
No such thing as free and clear. Forget to pay your property taxes and see what happens.
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