[quote=flyer]You’re right, AN, everyone reaches their financial goals in different ways, at different times. As long as each of us reach our own particular financial goals in life, that’s all that really matters. (speaking purely from a monetary perspective)
My concern, and, I think, perhaps the concern of some others who have posted in this thread, is that the stats reveal only 5% of the population is financially solvent–based upon net worth–which is the generally accepted barometer for financial “success.”
As ER alluded, you don’t really know if people are financially successful until you know their net worth–minus smoke and mirrors.
As flu always says, don’t worry about it, take care of your own, which I know all of us here plan to do, but it still makes you wonder what the ramifications of the ever-declining financial solvency in 95% of the US population will create in our society going forward.[/quote]
Well, part of this is think is the prevailing attitude of learned helplessness.
Don’t do that, because it’s too risky. Don’t do that, because it’s going to be outsourced. Don’t do that, because Banks/Wall Street is bad… Don’t be doctor or lawyer because it costs too much. Don’t start your own business because it’s too risky and most likely will fail… Don’t invest, don’t take risk, don’t play stocks. Don’t be landlord…..
….But, maintain your qualify of life that you should have in America…because that’s your right and you deserve it, and we don’t want you to feel bad …
Is there any surprise why we see so much failure why people take the easy way out on credit? Hell, people automatically failed because they didn’t bother to start. Learned helplessness.
Hell, we start seeing kids get feel-good trophies for just trying these days, even if (sorry to say) they suck……”Winning isn’t everything, it’s how you play the game…” True. Winning isn’t everything… Sometimes it’s the only thing.
Unless one’s got some serious physical, health, mental issue(s), one’s got very little excuse in my book.So sick of this victim mentality herd sometimes…
