Debt jumps to 12 year high!!! Dumb consumers just keep consuming !!

Discussion in 'Wall St. News' started by S2007S, Feb 11, 2020.

  1. ironchef

    ironchef

    Don't forget, like you said before, they are paying you with fiat money which they can print.
     
    #31     Feb 12, 2020
  2. Municipalities (who pay garbagemen) cannot print money :)
     
    #32     Feb 12, 2020
  3. Anyone with any wealth knows this is exactly how broke people talk lol.
    I don't know anyone with any net worth that is not cheap as fuck unless it came from daddy.

     
    #33     Feb 12, 2020
  4. Overnight

    Overnight

    Now now, don't get testy.

    As for "having to dig ditches on the side of the road"? Man, that's municipal or state work. Great gig if you can get it. High wage, pensions, 2-hour lunch breaks (and thus reduced hours). What is wrong with that?
     
    #34     Feb 12, 2020
  5. S2007S

    S2007S



    Exactly...those guys make bank. Like you said high wage pension and long breaks especially is there imclimate weather forecasted...
     
    #35     Feb 13, 2020
  6. Sig

    Sig

    Daddy made $50,000 a year in his highest paid year, mom was a homemaker. Both were "cheap as fuck", luckily I was able to get into a service academy because they couldn't have paid a dime for college. That's one reason they stayed lower middle class, they valued their own time so little.
    There are certainly people who are wealthy by extreme frugality, but they make up a significant minority of the wealthy in the U.S. at least. I think you would find it extremely unusual to find someone who didn't grasp the concept of comparative advantage when it comes to labor among the wealthy, certainly among those with any kind of formal business training.
     
    #36     Feb 13, 2020
  7. Sig

    Sig

    Hey if you enjoy it then absolutely you should do it. Like I said, I spent an hour working on my car with my son last weekend because it was enjoyable. And if you want to take a break for 30 minutes to go get a smoothie, by all means take a break and go get your own smoothie. Just don't try to fool yourself into thinking you did it to save money and that anyone who hires someone else to do it is a foolish moron wasting money, that's all.

    BTW, if you're living in the OC you're already a profligate spender from the viewpoint of the guy in Des Moines, all a matter of perspective. And while you were tongue and cheek with the first class thing, it's actually the same concept that most people don't seem to get. Short flights doesn't matter much, but if you're going to Asia and you can spend $7K to arrive well rested and able to do several hours of work on the plane each way vice "saving" money by spending $1,500 to fly economy, get no work done, and waste 2 days either end as a zombie as well as potentially killing a deal because you weren't well rested and on top of your game you're a moron to "save money" by flying economy.
     
    #37     Feb 13, 2020
  8. Karin42

    Karin42

    You know, as long as they can make money out of nothing, they'll do it over and over again...
     
    #38     Feb 23, 2020
  9. Hey, so personally I think that you will need to pay our loan as fast as you can, since there are some companies which can beat up your loan if you haven't paid it. Anyway, since I had a situation where I take a loan for creating a small company, I haven't paid it because I don't have money for that time. Since then debt collectors from Personal Debt Collection were a lot in my place, and I didn't have a choice, only to pay them from another loan that I took. I hope my story was useful for you.
     
    #39     Mar 26, 2020