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Can we talk about people who live beyond their means? (pg. 4)
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| Silky Johnson |
| I bet a lot of people in the core live beyond their means. Must be why nobody's really got anything to say about it. :o |
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| Vivid Boy |
| nou does for sure. if the kid farts hes beyond his means |
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| david.michael |
| I did for a while. Then I became an adult. |
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| Silky Johnson |
I sometimes watch those shows 'Til Debt Do Us Part' and 'Princess', and I'm always baffled by the way these in' morons mismanage their money. People with families, too. Could you imagine finding out that your parents are total ing idiots who have squandered your future??
Not that I think everyone is entitled to have their parents pay for their education and , but goddamn. |
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| david.michael |
I really had the benefit of watching my parents struggle for my whole life with debt. They had me very young, didn't have degrees or huge skill-sets, and had nothing to fall back on. I watched both the mistakes they made, and the amazing feats they accomplished by knowing the value of a dollar.
I am 29 now and didn't even have my first credit card until a few years ago because the idea made me nervous. I'm glad I waited. |
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| Lagrangian |
| quote: | Originally posted by Miss Pie
What the , man. I swear to god my Facebook is filled with this kind of people.
I mean, I know how much money I make, and it's quite decent. I can easily afford all of life's necessities, with more than enough left over for my wants. I have a few assets and always know where my money is going re: bills, student debt repayment, savings, credit, etc....yet I still don't spend nearly the same amount of money that it seems other people do.
I've got people on my fb that I know there's no way in hell they make more money than I do and they take big trips every couple of months, always buying new clothes and , parties every weekend, eating out all the time, etc....
How? How can people live like that?? I cannot imagine for the life of me, incurring one debt to pay off another, never having actual cash to pay for things, and always paying interest on some line of credit I owe.
I have read many news articles over the past few years about young people living way beyond their means...and I just don't get it. I understand that these people want to be hood rich and convey some image of status or whatever the - but don't they know it's obvious to anyone with actual cashflow that they live beyond their means? Where's the status in that?
I feel like MOST people live like this. What do you guys think? Do you know people like this as well? Let's talk about how stupid they are. :gsmile: |
Miss pie, you highlight on the ills of most western countries; In particular, that of the United States. This country has a SPENDING PROBLEM! The majority of it's population is being told by the government that it's completely acceptable to be 'underemployed' (even to receive benefits from the government) without trimming their expenditure and skimming their lifestyle costs.
'Kicking the can down the road', as politicians so eloquently say, applies to almost every citizen who believes someone else will pay for their mistakes (In the case of governments, future generations; in different households, usually their parents or grandparents).
I personally congratulate you for taking control of your finances (at any stage in life). I believe it's important to learn a trade; grow into adulthood being well-versed in financial matters; but, most importantly, it should become a priority of everyone to understand the significance of hard work founded on actionable apprenticeship. |
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| Chimney |
Think this is more of an American concept, really. I've known people from different social groups, but never once encountered people that live so far off their means as Jenny puts it. In my high school class in Sweden there were some chicks which came from rich families who traveled somewhat extensively, but even in their daily lives they were very modest as far as gadgets, clothes and other stuff goes. None of my colleagues, including those from wealthy families, had cars.
The problem, I believe, is that most people don't really think forward and about unexpected events. Just as most other people, my economy is fine, but as en example, two years ago I had to undergo two surgeries which were paid out of my own pocket. Although they didn't leave a major dent in my economy, the idea here is that one never knows what can happen tomorrow.
As a matter a fact, there was a similar thread on a forum a few weeks ago where a German couldn't comprehend how Americans who complain about their economy spend money on brand new cars. |
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| Silky Johnson |
| quote: | Originally posted by david.michael
I really had the benefit of watching my parents struggle for my whole life with debt. They had me very young, didn't have degrees or huge skill-sets, and had nothing to fall back on. I watched both the mistakes they made, and the amazing feats they accomplished by knowing the value of a dollar.
I am 29 now and didn't even have my first credit card until a few years ago because the idea made me nervous. I'm glad I waited. |
Yeah same. I didn't get a credit card until I was in my early 20s (I didn't need one, either - nobody in their late teens/early 20s should be making huge purchases that necessitate a credit card, imo) . My father was very good with money and taught us early on about the importance of saving and budgeting money, and prioritizing. My mother, on the other hand, was extremely impulsive and irresponsible. She was always avoiding creditors and doing stupid to make ends meet, like hocking her jewelry and writing bad cheques...I always remember her being stressed out, depressed, whatever. The thought of ever being like that scared the out of me so bad, I knew I would never be like that. |
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| citric_acid |
| i think it all just depends on where you spend your money. people assume i spend beyond my means all the time because of how much i put into my jeep but i dont go to the bars every weekend like they do and most of the things i do for fun are free (well i have to pay for the gas and thats it unless i break something) |
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| UWM |
| I do know quite a few people like this and I really don't understand how they can justify all of their wasteful expenditures. Thankfully I had to learn at an early age how to manage my money so I wasn't tempted to do the same, and now that I'm relatively successful I can still make restrained indulgences with my money. |
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| Redd |
I'm like this. Except I never, on principle, go on welfare for any reason. I just spend more than I have, always.
I don't waste money on useless gadgets though, it's mostly spent on going out / socialising which is expensive here in Norway. |
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| Lunar Phase 7 |
| quote: | Originally posted by Miss Pie
What the , man. I swear to god my Facebook is filled with this kind of people.
I mean, I know how much money I make, and it's quite decent. I can easily afford all of life's necessities, with more than enough left over for my wants. I have a few assets and always know where my money is going re: bills, student debt repayment, savings, credit, etc....yet I still don't spend nearly the same amount of money that it seems other people do.
I've got people on my fb that I know there's no way in hell they make more money than I do and they take big trips every couple of months, always buying new clothes and , parties every weekend, eating out all the time, etc....
How? How can people live like that?? I cannot imagine for the life of me, incurring one debt to pay off another, never having actual cash to pay for things, and always paying interest on some line of credit I owe.
I have read many news articles over the past few years about young people living way beyond their means...and I just don't get it. I understand that these people want to be hood rich and convey some image of status or whatever the - but don't they know it's obvious to anyone with actual cashflow that they live beyond their means? Where's the status in that?
I feel like MOST people live like this. What do you guys think? Do you know people like this as well? Let's talk about how stupid they are. :gsmile: |
You need to calm the down, YOU are doing right. So stick to your guns, LOL it up when these people can do once things go a little bit sour.
For me the biggest waste are clothes and going out.
I know people who drop 100's on both regularly, most of their nights out are average at best, sometimes down right disasters. For guys I suppose it's easier, I mean a decent pair of boots, shoes and converse/vans and you're set for footwear. Some decent jeans and some nice basic T-shirts and really you don't need to upgrade anything for ages.
Then there are these ass clowns who buy some crazy with less shelf life than a carton of milk. They think they look the bollocks for a week or two then don't wear it cause it's no longer vogue.
How often do you see a designer in anything other than plain T-shirts/black shirts, etc?
dressing like a gimp. getting the latest apple device. I swear if I were single I'd have the easiest time with money, right now most my cash wastage is due to having to entertain the girlfriend or buy her crap for special occasions. |
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