retiring

[ovrszd]

Warren Buffet once said,

"Take all the money in the world and divide it equally among all the people in the world and in five years I'll be rich and you won't."

 

[aczlan]

Since 1970, the federal government has run deficits during every fiscal year for all but four years, from 1998 to 2001..

National Debt by Year Compared to GDP and Major Events

That depends on how you figure the numbers.
If you exclude intragovermental debt (ie:money "borrowed" from Social Security, etc), you are correct. If you include that debt, the debt rose each year.

Aaron Z

 

[repete]

Coming here asking for financial advice...

A lot of us cannot even keep our tractors running today.

 

[ovrszd]

Coming here asking for financial advice...

A lot of us cannot even keep our tractors running today.

HEY, I resemble that remark...….

 

[Steppenwolfe]

Warren Buffet once said,

"Take all the money in the world and divide it equally among all the people in the world and in five years I'll be rich and you won't."

Rich is relative. Many of us here have lived within our means, worked hard, and saved / invested well. I also consider my quality of life to be first and foremost when considering if I am rich or not; I grew up in a trailer till I went to college at 18, and never thought we were poor or not living as well as any other kid I knew. The first few apartments then houses my wife and I rented when we first married sure weren't what most people would chose to live in, but we were happy. Money is only part of that. I think it's our attitude that determines if we are rich or not.

 

[Chris616]

I admire the people who learned that "delayed gratification" is the key to financial success in spite of the example set by their parents. It is the common thread throughout all of the anecdotes that TBN members have posted in this thread and is one of the most important life lessons to pass on to younger generations.

Chris

 

[goeduck]

Coming here asking for financial advice...

A lot of us cannot even keep our tractors running today.

Wel,,, maybe after they retire they will have time

 

[Chris616]

<snip>Health Insurance for me and wifey is $2400 per month. <snip>

That is dumbfounding. US$30K a year.

 

[goeduck]

I'm 61, planning on MAYBE retiring at 68 to 70. Health Insurance for me and wifey is $2400 per month. Of course we write that off as a business expense, but will be glad to hit medicare at 65. Health care will be a priority in upcoming elections.

$2400 seems high. My neighbors are paying $1400 a month for both of them and she is an ex teacher so theirs would be good coverage. She turns 65 this year so that should go down. I think he is younger than she is.

 

[Steppenwolfe]

That is dumbfounding. US$30K a year.

Yep... your math is correct. Blue Cross/Blue Shield. NO dental, NO eye glasses, and NO prescription drug plan. And... neither one of us has been in the hospital in 32 years, when last son was born, or has any medical issues at all... It is ridiculous what healthcare costs in the US. I must be paying for a couple other folks that skate free... :confused3: