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beanmaestro
ParticipantI have to admit, I don’t really follow the logic in these limits. Our expenses break down more or less as follows (well, before we bought a house)
25% taxes
35% savings
15% rent
25% other expensesOther than not being stupid enough to grossly overpay for a house, I don’t see why we couldn’t spend 50%+ of our gross income on a house.
November 30, 2009 at 12:55 PM in reply to: Making micro loans to people in third world countries #488202Participant[quote=flu]I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.
[/quote]I’m happy to help people who need microcredit locally and in the US. Two reasons to help people overseas, though: 1. Third-world entrepeneurs need (a lot) less money to get started, and 2. Their odds of getting reasonable local financing is much lower.
The key feature of microcredit is that you’re helping ambitious people who want to help themselves by creating a self-sufficient business. Donations (in addition to having problems with corruption) tend to destroy local businesses by giving away what the local businessmen are trying to sell. Growing local business reduces the need for donations, and returns your donation when it’s done.
November 30, 2009 at 12:55 PM in reply to: Making micro loans to people in third world countries #488368Participant[quote=flu]I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.
[/quote]I’m happy to help people who need microcredit locally and in the US. Two reasons to help people overseas, though: 1. Third-world entrepeneurs need (a lot) less money to get started, and 2. Their odds of getting reasonable local financing is much lower.
The key feature of microcredit is that you’re helping ambitious people who want to help themselves by creating a self-sufficient business. Donations (in addition to having problems with corruption) tend to destroy local businesses by giving away what the local businessmen are trying to sell. Growing local business reduces the need for donations, and returns your donation when it’s done.
November 30, 2009 at 12:55 PM in reply to: Making micro loans to people in third world countries #488750Participant[quote=flu]I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.
[/quote]I’m happy to help people who need microcredit locally and in the US. Two reasons to help people overseas, though: 1. Third-world entrepeneurs need (a lot) less money to get started, and 2. Their odds of getting reasonable local financing is much lower.
The key feature of microcredit is that you’re helping ambitious people who want to help themselves by creating a self-sufficient business. Donations (in addition to having problems with corruption) tend to destroy local businesses by giving away what the local businessmen are trying to sell. Growing local business reduces the need for donations, and returns your donation when it’s done.
November 30, 2009 at 12:55 PM in reply to: Making micro loans to people in third world countries #488838Participant[quote=flu]I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.
[/quote]I’m happy to help people who need microcredit locally and in the US. Two reasons to help people overseas, though: 1. Third-world entrepeneurs need (a lot) less money to get started, and 2. Their odds of getting reasonable local financing is much lower.
The key feature of microcredit is that you’re helping ambitious people who want to help themselves by creating a self-sufficient business. Donations (in addition to having problems with corruption) tend to destroy local businesses by giving away what the local businessmen are trying to sell. Growing local business reduces the need for donations, and returns your donation when it’s done.
November 30, 2009 at 12:55 PM in reply to: Making micro loans to people in third world countries #489069Participant[quote=flu]I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.
[/quote]I’m happy to help people who need microcredit locally and in the US. Two reasons to help people overseas, though: 1. Third-world entrepeneurs need (a lot) less money to get started, and 2. Their odds of getting reasonable local financing is much lower.
The key feature of microcredit is that you’re helping ambitious people who want to help themselves by creating a self-sufficient business. Donations (in addition to having problems with corruption) tend to destroy local businesses by giving away what the local businessmen are trying to sell. Growing local business reduces the need for donations, and returns your donation when it’s done.
Participantwell, some of us just bought houses this week.
washer, a big-ass ladder, and electrical bits. but we’re keeping our old dryer, b/c it still works and isn’t hard to move
Participantwell, some of us just bought houses this week.
washer, a big-ass ladder, and electrical bits. but we’re keeping our old dryer, b/c it still works and isn’t hard to move
Participantwell, some of us just bought houses this week.
washer, a big-ass ladder, and electrical bits. but we’re keeping our old dryer, b/c it still works and isn’t hard to move
Participantwell, some of us just bought houses this week.
washer, a big-ass ladder, and electrical bits. but we’re keeping our old dryer, b/c it still works and isn’t hard to move
Participantwell, some of us just bought houses this week.
washer, a big-ass ladder, and electrical bits. but we’re keeping our old dryer, b/c it still works and isn’t hard to move
Participant[quote=kev374]
Considering Software Engineers with 10 years experience are being offered $70k salaries these days I think paying that to a high school teachers is ludicrous, it should be more like $30k considering it is only for 9 months of work.[/quote]You’re joking, right? The guy probably has a master’s degree, 10 years experience, is doing hard & important work in an in-demand profession. Good on him for making $8k/month, though the same creds at my (engineering) company would probably pay $9k/mo.
Participant[quote=kev374]
Considering Software Engineers with 10 years experience are being offered $70k salaries these days I think paying that to a high school teachers is ludicrous, it should be more like $30k considering it is only for 9 months of work.[/quote]You’re joking, right? The guy probably has a master’s degree, 10 years experience, is doing hard & important work in an in-demand profession. Good on him for making $8k/month, though the same creds at my (engineering) company would probably pay $9k/mo.
Participant[quote=kev374]
Considering Software Engineers with 10 years experience are being offered $70k salaries these days I think paying that to a high school teachers is ludicrous, it should be more like $30k considering it is only for 9 months of work.[/quote]You’re joking, right? The guy probably has a master’s degree, 10 years experience, is doing hard & important work in an in-demand profession. Good on him for making $8k/month, though the same creds at my (engineering) company would probably pay $9k/mo.
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