Years ago I was telling a good contractor friend about mutual funds. He listened then invested some money he had saved. A month later he showed me his statement..."I made $600 and didn't even have to drive a nail" he said. But it's long term, and up and down I told him. Eventually you'll do ok.
I had a job with a pension. I didn't want to depend on any one company remaining solvent to ensure my retirement. I wish I had put money in stocks earlier, too. I worked 30+ years, but not for the same company.
I'm starting to realize why an extra $300/week in unemployment benefits was such a big deal in some areas. Employers think it's horrible that they can't lock somebody in at slave wages. At 40 hours a week, that's $7.50/hour, an absurdly low wage. Federal minimum wage is only $7.25, and some states are worse than that.
Right after being debt free, that was our next goal.
Why stop buying on credit? I think this is horrible advice.
Taxpayers have been making up the difference for decades... as in corporate welfare; as in Walmart, et al.
My dad was in his mid 70's when I convinced him to buy a brand new car (his first "new" car was the plastic pointiac he was driving in and was getting tired of it). I asked him what he was willing to pay. He told me 13k, no more LMAO I then asked him what he could afford per a monthly payment. He told me he could buy whatever he wanted.
Never say never
Definitely.
Better yet, just buy what you want to buy because you aren't taking it with you when you're dead, so enjoy it while your alive.
I am happy for the poor who don't get their minuscule wealth stolen by rich people.
Even the poor are free to look for other employment or to go into business for themselves. Many of us started with nothing and have never asked for assistance.
That's admirable. I got a free high school education and heavily subsidized college education courtesy of the taxpayer. It helped a lot. Washington's minimum wage is $13.69, but I doubt many people are looking to work for that. Around here, Taco Bell starts employees at $14.20. Maybe it's different in the South. Do Walmart and grocery stores only charge 50% of PNW prices there?
www.fastcompany.com
In my experience... many who are poor, perhaps even the majority, have put themselves there through poor choices, drugs, alcohol, quitting school, or just old fashioned, I ain't going to work today. I have seen thousands like this.
Reason being...always been a scaredychicken about taking risks with money. Never had disposable income to gamble with...
